At Wealthsimple, we're what's known as a discretionary manager. That means we can execute trades on your behalf without asking you every time. It means we can optimize your portfolio without your having to execute trades, and it allows us to get the best pricing — because while some brokerages wait for clients to approve trades, prices change.

All Wealthsimple clients sign a discretionary portfolio management agreement when they open new accounts with us. This agreement gives us the right to buy and sell securities on behalf of clients and make changes to client portfolios that are in their best interest.