Overview
Portfolios combine personalized choice with professional guidance. They offer flexible investment timing and asset selection backed by professional financial expertise.
Key features of portfolios include:
- A streamlined investment process in a portfolio built by our investment team
- Access to low-fee, diversified investments
- Automated optimization tools for
- rebalancing,
- reinvesting dividends, and
- adjusting allocation to market swings
- Customize your holdings according to your preferences
Eligible account types
You can open a portfolio in the account types below:
- Tax-Free Savings Account (TFSA)
- First Home Saving Account (FHSA)
- Registered Retirement Savings Plan (RRSP)
- Non-registered
How to open a portfolio
Follow these steps to open a portfolio:
- Sign in to the Wealthsimple app on your mobile device
- From the Home tab, scroll down and tap + Add an account
- Choose an eligible account from the account options menu
- Select Portfolios
- Choose a type of portfolio
- Tap Invest in this portfolio to finish
- Log in to your Wealthsimple account
- Select + Add an account from the Home page
- Select the Investing tab
- Choose an eligible account from the account options menu
- Select Portfolios
- Select Next
- Choose a type of portfolio
- Select Invest in this portfolio to finish
Customize your portfolio
You can adjust allocations, include specific ETFs, and fine-tune your plan using tailored strategies. After setup, our automated tools manage portfolio tracking. While portfolios have pre-set performance options, you can make modifications, such as adjusting allocations or swapping ETFs.
Follow these steps to customize your portfolio:
- Sign in to the Wealthsimple app on your mobile device
- From the Home tab, tap your desired Portfolio
- Scroll down to Holdings
- Tap the Edit (pencil) icon on the right side
- To adjust specific ETFs, tap the ETF and choose from the available options
- To adjust allocations, use the decrease (-) and increase (+)
- Tap Save to finish
- Log in to your Wealthsimple account
- From the Home tab, select your desired Portfolio
- Beside Holdings, select the Edit (pencil) icon
- Select Edit
- To adjust specific ETFs, select the ETF and choose from the available options
- To adjust allocations, use the slider to increase or decrease the allocation
- Select Save to finish
Frequently asked questions
Why is there a portfolio automation fee for portfolios?
What's included in a portfolio?
Who are these portfolios made for?
These portfolios are great for investors who want a simple, hands-off way to grow their wealth. They're backed with expert knowledge and automation, so we'll take care of the heavy lifting and day-to-day-management.
Can I transfer an account into a portfolio?
Yes. Please note that in-kind institutional transfers into a portfolio account will be liquidated. We'll reinvest the cash in your chosen portfolio. Learn more about transferring an account to Wealthsimple.
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