Overview

You can create a Wealthsimple household to view your total combined household assets with your partner in the Wealthsimple app.

The benefits of creating a household include:

• See your combined assets
  Get a full picture of your household finances and a breakdown of each person's assets without merging accounts
• Unlock milestone rewards with your partner
  When your household reaches a milestone, each person gets to choose a reward, regardless of who contributed
• Reach Premium and Generation client status sooner
  Add up your assets to enjoy higher interest on Cash, lower fees, and other Premium or Generation benefits faster

Household members visibility

Household members can only see the total combined assets across both Wealthsimlple profiles. Household members can't access each other's accounts, account balances, or account activities.

Household limit and eligibility

You can create a 2 person household in the Wealthsimple app.

To create a household, both members must

• have a Wealthsimple profile, and
• share the same residential address.

If your partner doesn't have a profile yet, they will need to create a profile before you can invite them to your household.

If you or your partner needs to update your residential address, please follow these steps.

How to create a household

Follow the steps below to invite your partner to your household:

1. Sign in to the Wealthsimple app on your mobile device
2. From the Home tab, tap the Profile icon in the top-right corner
3. Tap the Settings (gear) icon in the top right corner
4. Choose Household from the options
5. Tap Invite your partner
6. Enter your partner's First name and Email address
   
   Note: You must use the email linked to their Wealthsimple account.
7. Tap Send invite

Your partner will receive an email and push notification notifying them that you invited them to your Wealthsimple household. They must accept the invite before you can view your Wealthsimple household.

View your consolidated household assets

The Household view is only available on the Wealthsimple mobile app.

Follow the steps below to view your consolidated assets:

Opt-out of sharing household assets

If you don't want to share information about your assets with your household member, you can turn on privacy mode to remove household asset visibility.

Follow the steps below to change your privacy settings:

1. Sign in to the Wealthsimple app on your mobile device
2. From the Home tab, tap the Profile icon in the top right corner
3. Tap the Settings (gear) icon in the top right corner
4. Choose Household from the options
5. Use the Privacy mode toggle to remove household asset visibility

Frequently asked questions