If you're like most people, you probably have a Traditional, Roth or SEP IRA either with a bank or with a traditional financial advisor. If your money is simply sitting in a GIC or a savings account generating less than 1%, you're probably better off investing in a smart, low-cost portfolio of ETFs (unless it's your emergency funds, in which case a savings account is probably your best choice). If you're invested in mutual funds, you're probably paying a lot of fees and you may not even realize it.
Guess what? You can set up a transfer of that account over to Wealthsimple in 2 minutes and you'll be able to benefit from everything Wealthsimple has to offer.
Why transfer your IRA to Wealthsimple?
1. Invest in a smart way using Technology
Trying to decipher a mutual fund or bank statement is one of the hardest things to do. For example, do you know how much your investments are costing you? Do you know what your rate of return is? Do you usually just throw your statements out without ever reading them? Except for that last question, you probably answered no.
Have no fear! Our cutting-edge technology helps put you in control of your investments. Doing things like setting recurring contributions, seeing your returns, and investing in a smart way has never been easier with our user-friendly and transparent platform.
2. Trusted Advice
Our portfolio managers are always available when you need them. They can help plan your financial milestones and answer questions you might have about potential risks or what sort of investment accounts you should have. By having all your accounts under one roof, we can make sure that all your investments are working hand-in-hand to help you achieve your goals in a way that maximizes your returns, and minimizes the risks. We can help answer questions like how much to contribute to your accounts, how much risk you should be taking, and when you can retire comfortably. All this is included with Wealthsimple.
3. Get Wealthsimple Black service
When you transfer your accounts to Wealthsimple, you can achieve the Wealthsimple Black status and take advantage of lower fees, tax optimization, financial planning sessions, and a VIP Priority Pass that gives you access to food, drinks, Wi-Fi, and comfortable chairs at over 1000 airports across the world.
To transfer your accounts to Wealthsimple, follow these steps:
- Login to your Wealthsimple account
- Navigate to the "Funding" page of your account and click "Transfer an existing account"
- Fill in the details of your transfer and upload an account statement (optional)
- Review, e-sign the transfer form, and press "Finish"
- We will take it from here! We will get into contact with your financial institution to initiate the transfer and all that's required from you.
If you want to speak to a portfolio manager before setting up a transfer, simply click here to schedule a call.