Thread: Wealthsimple?
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Old 01-31-2017, 05:30 PM   #11
Slava
Franchise Player
 
Join Date: Dec 2006
Location: Calgary, Alberta
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Quote:
Originally Posted by Tyler View Post
I've used WS for about 16 months now.

10/10 on the risk front (90% equities, 10% fixed income)

Time-weighted returns have been about 16.5%

LOVE IT

Automatic re-balancing, dividend reinvesting. Referred a few friends so my management fee is very small.

Website is slick. Mobile app is awesome.

Couldn't recommend it more to people who want a set it and forget it investment plan.

They're releasing a SuperBowl ad and have huge backers, so I wouldn't worry about this company being a flash in the pan.
They do have huge money behind them (Power Corp. which is also Investors Group, Canada Life and Mackenzie Mutual Funds). But on $750mm in der management its a mere $3.7mm in revenue. I don't know if that moves the needle enough at a $23-24bn company.
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