For each person you refer who joins through your referral link and funds an account, you will get $10,000 in assets managed for free for 12 months. Your referee will also get $10,000 in assets managed for free for 12 months.
- Let's say you earned $10,000 in assets managed for free for 12 months and made an initial deposit of $15,000 to your Invest account.
- In this case, you would not pay management fees on the first $10,000 in your account, but would pay these fees on anything that exceeded $10,000.
- After the year was up, you would then pay management fees on the entire amount of your account.
To refer someone to Wealthsimple Invest, follow these steps —
- Log into my.wealthsimple.com and sign in to your Invest & Save profile
- Click Rewards next to your name on the top left side
- Copy your referral link OR Send invites by entering Your friends’ email addresses
- Sign in to the Invest mobile app
- Tap the Profile icon on the top right corner of the screen
- Select Earn rewards
- Select Share my link OR Send email invite
- When your referee signs up, they will receive $10,000 in assets managed free immediately
- After they deposit a minimum of $10 into their Invest account, the referral bonus will be applied to your account
Adding a referral if the referee signed up without your referral link
The referee can navigate to their Rewards page and add your referral code retroactively. If you are unsure of what your referral code is, here is an example:
- Referral link: https://wealthsimple.com/invite/MDHUQP
- Referral code: MDHUQP
Note: If it has been longer than 30 days since the referee signed up, they will no longer be able to apply a referral through their account. However, our support team can apply this manually for you, so long as the referee's account has not been funded for longer than 30 days.