Portfolio risk level
Your portfolio risk level is based on your financial goals, time horizon, risk tolerance, past investment experience, and level of investment knowledge. When these change, you may want to adjust your risk score accordingly. You may even want different risk scores for each portfolio, as you may have different time horizons and goals for each account.
Portfolio theme
Wealthsimple currently offers three different portfolio themes for managed accounts: standard, socially responsible investing (SRI), and Halal. The theme determines the type of assets we’ll hold in your portfolio.
Update your risk level
Each managed account you have with Wealthsimple will be assigned one risk level.
To update your risk level, follow these steps —
- Log in to the Trade app on your mobile device
- Select the Invest tab at the bottom of your screen
- Choose your desired account
- Under Portfolio tap Risk level
- Choose your desired risk level using the slider
- Tap Apply this change
- Log in to your Invest mobile app
- Select Invest at the bottom of the screen
- Choose your desired account
- Scroll down to Portfolio and click the associated box
- Under Portfolio risk level select Change risk level
- Choose your new risk level and click Apply changes. Updating your risk level from the mobile app will have fewer options than updating on the web. We recommend updating your risk level on the web to ensure you are given a wider range of risk levels to choose from.
- Head to my.wealthsimple.com and sign into your Invest & Save profile
- Choose your desired account
- On the right-hand side of the page under Portfolio, you will see your Risk level
- Select Change
- Choose your new risk level and click Apply this change
Update your theme
If you wish to update your theme, you can follow these steps —
- Log in to the Trade app on your mobile device
- Select the Invest tab at the bottom of your screen
- Choose your desired account
- Under Portfolio tap Theme
- Choose your desired theme
- Tap Apply this change
- Log in to your Invest mobile app
- Select Invest at the bottom of the screen
- Choose your desired account
- Scroll down to Portfolio and click the associated box
- Under Portfolio theme select Change portfolio theme
- Choose your new theme and click Apply changes
- Head to my.wealthsimple.com and sign into your Invest & Save profile
- Choose your desired account
- On the right-hand side of the page under Portfolio, you will see your Theme
- Select Change
- Choose your new theme and click Apply this change
Frequently asked questions
Can I invest my portfolio in 100% equities?
In order to move your account into 100% equities, you'll need to connect with one of our Portfolio Managers so that we can make sure this investment is suitable for you. Please reach out to our support team and we will let you know the next steps.
You can read more about the role that fixed income plays in creating a well-diversified portfolio in this article.
Can I keep a cash balance in my account managed by Wealthsimple?
Wealthsimple's managed accounts are designed to automatically invest any funds you add to an investment account. When you add funds to a managed account, we'll automatically invest your money for you. This means that it's not possible to have a cash balance in your account.
There may be times when you want to reduce your exposure to market forces and avoid any losses. In this case, moving your funds to a high-interest savings ETF might be a good choice.
If you'd like to invest in a high-interest savings ETF, please reach out to our support team for next steps.
Note: A non-registered account cannot be invested in a high-interest savings ETF. Instead, consider putting your funds in a Save or Joint Save account. These accounts earn 0.5% interest.
Why is my “Change” button greyed out?
Check your homepage (in browser) for an invitation to speak with a Portfolio Manager. You may see a notice like this: “In order to invest your money, one of our Portfolio Managers will need to have a quick talk with you. If you’ve already scheduled a time, this notification will be removed after your call.”
If you don’t see this prompt, please reach out to our support team for next steps.
Why hasn’t my risk level been changed yet?
Our team reviews each portfolio change request. This typically takes 1-2 business days. In certain cases, we may ask you to schedule a chat with one of our portfolio managers. This is because changes require approval from a Portfolio Manager to ensure that your investment changes are aligned with your goals. This is part of our fiduciary responsibility to our clients.
If it has been more than 2 business days and you haven't heard from us, please check your email for a message titled “Action Required to Invest your Funds” or similar from a Portfolio Manager. If you don’t see anything, please contact our support team.
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