Wealthsimple offers three different plans or tiers that allow you to personalize your investing experience: Core, Premium and Generation. Each of these three plans offer different benefits to you depending on your desire to use Wealthsimple’s products.
In order to upgrade your plan, you must meet the minimum net deposit requirement listed below.
Tip: Net deposits are calculated by adding the total of money you add into your account, plus any funds you transfer into Wealthsimple from an investment account at another institution.
For more information on Premium and Generation plans, check out our overview articles:
What’s included in each plan
|Eligibility requirement||None||Min. 100k in net deposits||Min. 500k in net deposits|
|Stocks & ETFs|
|USD accounts||$10/month||Included (must opt-in)||Included (must opt-in)|
|Instant Deposits||Up to $50,000||Up to $50,000||Up to $50,000|
|Options Pricing||$2 USD||$2 USD||$2 USD|
|Management Fees||0.5%||0.4%||Starting at 0.4%, as low as 0.20%|
|Access to Private Credit||No||Yes||Yes|
|Tax Loss Harvesting||No||Yes||Yes|
|Trading Fees||1.5% - 2.5%||1.5% - 2.5%||1.5% - 2.5%|
|Spend & Save|
|Cash Account Interest||1%||4%||4.5%|
|Cash Direct Deposit Boost||3%||N/A||N/A|
|Financial Planning & Advice|
|Goal Setting with a portfolio manager||No||Yes||Yes|
|Comprehensive Financial Plan||No||No||Yes|
|Account Management & Support|
|Human help / 24/7 Help Center||Yes||Yes||Yes|
|Priority Email Support||No||Yes||Yes|
|Priority Phone Support||No||Yes||Yes|
|DragonPass Lounge Access||No||No||Yes|
|15% off your Will||No||Yes||Yes|
|MedCan Year Round Care||No||6 Months Free||6 Months Free|
|MedCan Comprehensive Care||No||No||50% Off|
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