Wealthsimple Managed Investing
Wealthsimple Managed Investing: Managed Canadian portfolios with automated rebalancing, tax features, and registered accounts. Ranked #5 of 24 in Robo-Advisor Apps by our editors (7.3/10); pricing: Paid; best for canadian investors wanting managed portfolios and tax.
At a glance
- Editor score7.3 / 10
- PricingPaid
- Best forCanadian investors wanting managed portfolios and tax
- Free planNo
- Founded2014 · Toronto, Canada
- Facts checked29 Sep 2026
Where it wins
- Automated management, rebalancing, dividend reinvestment, and recurring deposits
- Supports TFSA, RRSP, RESP, RRIF, LIRA, and other account options
- Tax-loss harvesting available for Premium and Generation clients
Where it doesn't
- No free plan; the published starting management fee is 0.5% annually
- Portfolio customization is limited compared with self-directed investing
- ETF expenses, currency-conversion fees, and separate advisor asset minimums may apply
Our verdict on Wealthsimple Managed Investing
Wealthsimple Managed Investing provides professionally managed portfolios for Canadian investors who want investment decisions aligned with their goals, financial circumstances, timeline, and risk comfort. The service handles asset allocation, automated rebalancing, tax management, dividend reinvestment, and recurring automatic deposits. Clients can choose Classic, Income, or socially responsible portfolios and hold investments through TFSAs, RRSPs, RESPs, RRIFs, LIRAs, and non-registered accounts.
Pricing is organized into Core, Premium, and Generation plans. Core includes automated portfolio management. Premium offers a lower managed-investing management fee for Premium clients and adds tax-loss harvesting. Generation also includes tax-loss harvesting, with the management fee able to decrease to 0.2% at $10 million or more. The published standard starting fee is 0.5% of assets annually, accrued and charged monthly. Underlying ETF management-expense ratios and currency-conversion fees may also apply, while human-advisor services are offered separately and have asset minimums.
The service is available through web, iOS, and Android, fitting investors who want access across browser and mobile environments. Support channels include email, phone, chat, and documentation, and two-factor authentication is listed as a security control. Its breadth of Canadian registered accounts, recurring deposits, and goal- and risk-based portfolio selection suits people seeking an ongoing managed approach. Investors wanting extensive portfolio customization, a free tier, or fully self-directed control should consider another option; human advice is a separate service rather than part of the core automated offering.
Wealthsimple Managed Investing pricing
All 3 Wealthsimple Managed Investing plans and prices →
Wealthsimple Managed Investing fact sheet
| Free plan | No |
|---|---|
| Paid from | Not verified |
| Minimum investment | Not verified |
| Tax-loss harvesting | Yes |
| Human advisor access | Optional |
| Goal-based portfolios | Yes |
| Retirement accounts | Yes |
| Socially responsible option | Yes |
| Portfolio customization | Limited |
| Deployment | Cloud, Mobile |
| Platforms | Web, iOS, Android |
| Compliance & security | 2FA |
| Support | Email, Phone, Live chat, Docs |
| Built for | Solo, Small business, Mid-market (editorial estimate) |
| Pricing | Paid (source) |
| Website | wealthsimple.com |
| Facts checked | 29 Sep 2026 |
Alternatives to Wealthsimple Managed Investing
- WealthfrontAutomates investing and rebalancing, with customization and tax-loss harvesting for eligible accounts.9.4
- E*TRADE Core PortfoliosA managed ETF portfolio with daily monitoring, rebalancing, and optional tax-loss harvesting.8.8
- Questwealth PortfoliosManaged, actively overseen ETF portfolios with a $250 starting minimum.8.1
See all Wealthsimple Managed Investing alternatives →
Wealthsimple Managed Investing vs the competition
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Reviewed by iTechGuides Editors · Editorial team · Updated Sep 2026
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