In this article:
Overview
Wealthsimple group plans are designed to be cost-effective for employees. Our fee structure consists of 4 components.
Fee structure
Our fee structure consists of the following components:
| Fee | What it's for | Where to find it |
|---|---|---|
| Investment management fee | Covers the cost of managing your plan's investments. The starting fee is 0.5%, with the possibility to reduce based on your client status and total assets under management. | Under Account details or in your Group account's settings page |
| Administration fee | Covers the cost of managing your group plan program, including any broker-related fees. The starting fee is 0.3%. | Your account opening agreement |
| ETF MERs | Covers the cost that an ETF provider charges to manage the underlying fund. This is separate from Wealthsimple's management fee and varies depending on your selected portfolio. | To view your ETF MER rates, learn more about ETF MERs |
| Currency conversion fees | Covers the cost of converting currency when you trade or hold assets in a different currency. | In managed accounts, the currency conversion fee is embedded in the exchange rate and won't display as a distinct fee charge in your activity. For more information, you can refer to our fee disclosure legal page. |
Frequently asked questions
What happens to my fees if I leave my employer's group plan?
If you're removed from your employer's group plan and transfer your assets to a personal account with Wealthsimple, your fees switch to our standard management fee structure.
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