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 * HELP CENTRE

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HELP CENTRE


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Move Money
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Your Profile
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 1. Help Centre
 2. Investing
 3. Trading stocks & ETFs
 4. Subscriptions




WEALTHSIMPLE PREMIUM OVERVIEW

Wealthsimple Premium is a premium service for clients who have net deposits of
$100,000 or more in their Wealthsimple accounts.

Benefits

 1. Pay lower fees
    When you reach Wealthsimple Premium status, your Wealthsimple Managed
    Investing management fee drops to only 0.4%.
    
    

 2. Earn 4% interest in your Cash account
    You will earn 4% annualized interest on the balance you hold in your Cash
    account with Wealthsimple. 
    
    

 3. Free USD accounts
    You'll get free access to USD accounts as a Premium client. This means that
    you can opt-in to trade U.S. securities without the conversion fee on every
    order.
    
    
 4. Access to Private Credit investing
    You'll become eligible to start investing in Private Credit.
    
    
 5. Maximize your tax efficiency
    You’ll get access to tax-efficient features like tax-loss harvesting and
    tax-efficient funds.
    
    
 6. Priority service
    Get answers to all your questions – fast. When you contact our support team,
    we’ll redirect you to a dedicated team for our Wealthsimple Premium clients.
    They’re equipped to handle your questions quickly or connect you with our
    portfolio managers for more financial support.
    
    
 7. Get access to expert advice
    You can set up unlimited sessions with our team of experienced portfolio
    managers to discuss your financial goals.
    
    
 8. Get six months of medical care for free (Ontario only)
    Get quick access to everyday medical care, expert medical advice, and
    services covered outside of OHIP with Medcan’s Year Round Care plan. As a
    Wealthsimple Premium client, your first 6 months are free.
    
    
 9. Get a discount on your will preparation
    As a Wealthsimple Premium client, you’ll get 15% off your first online will
    with Willful.

If you're an existing Wealthsimple Premium client and would like help getting
set up with any of these benefits, please feel free to reach out to our
support team.


FREQUENTLY ASKED QUESTIONS

How do I check how close I am to Wealthsimple Premium status?

You can view your progress bar by following these steps:

 1. Log in to your Wealthsimple mobile app
 2. Tao the Profile icon at the bottom of the screen
 3. At the top of your profile, tap the progress bar
 4. Here, you will see how close you are to reaching Premium status

Note: Once you make a deposit that crosses the $100k threshold, the upgrade can
take up to 72 hours to process. Keep an eye on the app for when the upgrade
is complete

How do you calculate net deposits?

We calculate net deposits by adding up the total amount of money you deposit or
transfer into all of your Wealthsimple accounts (including Managed investing,
Stocks & ETFs, Crypto, Cash and Save accounts). Your net
deposits will not decrease if the value of your portfolio decreases due to
market fluctuations. However, your net deposit will decrease if you withdraw or
transfer out funds from your accounts.

I have some or all of my $100,000 in a joint account; will I qualify for
Wealthsimple Premium status? Does the other account holder?

Any deposits you make to a joint account are only attributed to the primary
account owner.

If you are the secondary account owner of a joint account, your net deposits
won't be double-counted towards your status.

Both you and the other account holder qualify for Wealthsimple Premium status
when each of you has net deposits of $100,000 or more across accounts where you
are the primary owner or sole owner. If you and a secondary account holder only
have a joint account with Wealthsimple, you would need to each deposit $100,000
for both of you to qualify for Wealthsimple Premium.



What happens if I make a withdrawal that puts my balance under $100,000?

If you withdraw to below $100,000 in net deposits, you may lose your
Wealthsimple Premium status.

What happens if the market dips, putting my balance below $100,000? 

As long as your net deposits are over $100,000, you'll retain your Wealthsimple
Premium status, regardless of what the markets do.

How can I set up a financial planning session?

If your advisor feels you would benefit from a financial planning session, they
will help you set one up during your initial call with them. A financial
planning session is a conversation with one of our experienced portfolio
managers. They might focus on a few different areas, depending on your goals.

 1. To start, we'll send you a worksheet asking you to share some details about
    your financial situation. Once completed, we'll be able to speak to the
    overall health of your financial situation.
 2. We'll check whether you're on track to achieve your financial goals (and
    provide some recommendations on how to get back on track if needed). For
    example, if you're hoping to retire at a certain age, or make a big purchase
    in the future - we can check whether you're on track and, if required, help
    you plan for and recommend any adjustments to help you get there.
    We can also help you plan a retirement income strategy that will provide you
    with the most benefit - such as minimizing taxes.
 3. After the session, we'll send you a financial plan document so you have
    something to reference both during the session and afterwards. This is a
    living document and will change and grow along with you.

How do I access the Medcan benefit?

When you hit Wealthsimple Premium status, we'll send you an email with a unique
voucher code. You can redeem this code when signing up for Medcan services over
the phone.

 



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SUBSCRIPTIONS

 * Understand the different tiers offered by Wealthsimple
 * Learn about DragonPass
 * Upgrade to USD accounts
 * Using USD accounts
 * Convert funds to USD or CAD within a trading account
 * Manage your USD Accounts
 * Cancel your paid subscription to USD accounts
 * Wealthsimple Premium overview

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