Wealthsimple introduces premium service for wealthier clients

Wealthsimple is introducing premium advisory and financial planning services to clients who invest more than $500,000, the robo-advisor said Tuesday.

Wealthsimple Generation will give clients online access to advisors, financial reporting, tax strategies and personalized portfolios, as well as perks including airline lounge access and a discounted health plan, the firm said in a release.

Clients will pay 0.4% of assets under management.

“With Wealthsimple Generation we can provide the personalized, sophisticated advice that clients need in a modern way—on-demand, and enhanced with a great digital experience,” said Wealthsimple CEO and co-founder Michael Katchen in a statement.

“We won’t schedule face-to-face meetings, but we’ll be there for you and your family whenever and wherever you need us.” 

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.