Wealthsimple's managed accounts (Invest) have a management fee, a management expense ratio (MER) fee, and a foreign currency exchange fee.
You can find the management expense ratio fees for each of our portfolios below. If you'd like to learn more about our management fee and foreign currency exchange fees, you can find more details in the Wealthsimple Invest Fee Disclosure.
Management expense ratios by portfolio
|Portfolio||Approximate management expense ratio (MER) fee||Fee information|
|Classic||0.12% - 0.15%||
MER fees are charged by fund providers (Vanguard, BMO, etc.) for the work they do to maintain the asset balance within the ETFs in your portfolio. The fee is not charged by Wealthsimple but is incorporated into the price of each ETF itself.
As our business has grown we have more power to negotiate lower fees with our partners and when successful, we share the benefit of such rebates with our clients by adjusting the price of the applicable ETFs.
|Socially Responsible Investing (SRI)||0.21% - 0.23%||Our SRI portfolio includes (along with government bonds and gold) two Wealthsimple ETFs (WSRI and WSRD) for which Wealthsimple receives a portion of the MER fee directly from your investment.|
|Halal||0.25% - 0.5%||Our Halal portfolio includes a Wealthsimple Shariah compliant ETF for which Wealthsimple receives a portion of the MER fee directly from your investment.|