Wealthsimple Black FAQ

What is Wealthsimple Black?

Wealthsimple Black is a premium service for clients who have net deposits of $100,000 or more in their Wealthsimple accounts. As a Wealthsimple Black client, you get tax-efficient investing, goal-based financial planning with an experienced Portfolio Manager, and unlimited access to thoughtful, honest advice whenever you need it - all at a 0.4% management fee.

How do I become a Wealthsimple Black client?

If you're new to Wealthsimple, you can become a Wealthsimple Black client by signing up and funding your account with $100,000 or more. More on how to fund your account here.

If you're an existing client, once your net deposits reach $100,000 you'll automatically receive Wealthsimple Black status and be charged lower fees. We'll send you an email detailing the perks!

What happens if I make a withdrawal that puts my portfolio balance under $100,000?

To qualify for Wealthsimple Black, you must have $100,000 or more in net deposits in Wealthsimple accounts. If you withdraw to below $100,000 in net deposits, you'll lose your Wealthsimple Black status.

What happens if the market dips, putting my portfolio balance below $100,000?

To qualify for Wealthsimple Black, you must have $100,000 or more in net deposits in Wealthsimple accounts. As long as your net deposits are over $100,000, you'll retain your Wealthsimple Black status, regardless of what the markets do.

I'm already a Wealthsimple client. Will my fees change?

Under our new pricing structure, the fees you pay to Wealthsimple will either be lower or remain the same. If you have under $100,000 invested, you'll continue to pay a management fee of 0.5%. If you have over $100,000 in net deposits invested, your entire fee will be lower - you'll pay 0.4% instead of 0.5%.

You can always see the fees you pay to Wealthsimple under the Activity tab in your profile. And you can find more on how Wealthsimple charges fees here.

If I have more than $100,000 in my portfolio, but some or all of it is in a joint account, do I qualify for Wealthsimple Black status? Does the other account holder?

Both you and the other account holder qualify for Wealthsimple Black status if you each have net deposits of $100,000 or more across your accounts - including joint accounts. 

How do I access financial planning?

As a Wealthsimple Black client, you have access to goal-based financial planning with one of our experienced portfolio managers. Get in touch anytime by submitting a request to get advice or set up a planning call.

Wealthsimple for Advisors Clients

I'm a Wealthsimple for Advisors client. Do I qualify for Wealthsimple Black status?

No, Wealthsimple for Advisor clients are not eligible for Wealthsimple Black.

I'm a Wealthsimple for Advisors client. Will my fees change?

No, you won't see any change to the fees you pay.