Wealthsimple, also known as Wealthsimple Invest is one of the products Wealthsimple offers, along with Crypto, Cash, and Trade. Wealthsimple is Canada’s largest robo advisor it includes features such as no-minimum investments, a highly-rated app, very low fees, and open access to financial advisors on-demand.
Wealthsimple has a referral program for new users: you will receive a $50 sign-up bonus when you use our referral link or our promo code YOREOYSTER and fund your account with at least $500. You will also unlock your referral code, which you can share with your friends to earn an additional $50 when they fund their accounts.
How To Use Your Wealthsimple Invest Referral Code
Wealthsimple Invest has a referral program for new investors. When you sign up using our referral link (or our referral code YOREOYSTER), you will receive a bonus of $50 after you fund your account for a minimum of $500. On top of that, you will receive your referral code so you can start referring your friends and earning $50 for each successful referral.
To use the promo code:
- Visit Wealthsimple‘s website. Click on Get Started.
- If you already have a Wealthsimple account, you can log in. Otherwise, enter an email address and create a password.
- Fill in some of your basic information.
- Link your bank account to your Wealthsimple Invest account.
- Fund your account.
What Is Wealthsimple Invest?
Wealthsimple Invest is Wealthsimple’s flagship product. Wealthsimple Invest, also known simply as Wealthsimple, is Canada’s largest robo advisor; It seeks to simplify and automate the investing process and achieves this by using computer algorithms. Wealthsimple invests your money for you – it primarily invests in ETFs and stocks.
You will be prompted to fill out a quick questionnaire to get an idea about your investment goals, risk tolerance, and investment horizon.
Wealthsimple Invest Features
Some of the best Wealthsimple Invest features are:
- No minimum investment.
- The app is available in Google Play and the App Store.
- Offers three types of portfolios based on your risk tolerance.
- Automatic portfolio rebalancing.
- Access to SRI and Halal compliant portfolios.
Additionally, Wealthsimple provides financial advisors on demand to all of their clients.
Wealthsimple Invest Fees
There are three types of Wealthsimple Invest accounts. Here are the yearly fees you can expect:
- Basic, balance less than $100,000. Fees: 0.5%/year.
- Black, balance between $100,000 and $499,000. Fees: 0.4%/year.
- BlacGeneration, balance over $500,000. Fees: 0.4%/year.
- SRI fees and Halal portfolios. Fees: 0.25-0.40%/year.
- ETF fees (MER). Fees: 0.1-0.2%/year.
How To Sign Up With Wealthsimple Invest
#1 Visit Wealthsimple‘s page. Click on the Get Started button.
#2 If you already have a Wealthsimple account you can log in. Otherwise, enter an email address and create a password.
#3 Fill in some basic information like name, email, phone number and address.
#4 Select a bank account and link it to your Wealthsimple Invest account.
#5 The last step is to fund your account. Wealthsimple will take care of investing your money safely with its robo advisor.
Wealthsimple Invest’s Referral Program
After creating and funding your Wealthsimple Invest account, you will receive your referral link. You can find it in the referral section of your profile. Once you have your code:
- Share your code via text, email, or your social media audience.
- Once a referee signs up using your referral link and funds their account with at least $500, you both will receive $50 deposited to your accounts.
- There’s no limit to how many people you can invite.
For each friend you refer who joins through your referral link and funds their account, you will get $10,000 in assets managed for free for 12 months. Your referee will also get $10,000 in assets managed for free for 12 months.
Is Wealthsimple Safe & Legit?
Yes, Wealthsimple is totally safe and legit. All funds held in any Wealthsimple account are regulated, protected and insured for up to $100,000 by the CDIC.
Wealthsimple Invest is one of the products Wealthsimple offers, along with Crypto, Cash, and Trade. Some of Wealthsimple Invest’s best features include its no-minimum starting investments, highly-rated app, competitively low fees, and open access to financial advisors on-demand; it is no wonder Wealthsimple has stayed so long at the top of the Canadian robo advisors.
Wealthsimple has a referral program for new users: you will receive a $50 sign-up bonus when you use our referral link or our promo code YOREOYSTER and fund your account with $500. You will also unlock your referral code, which you can share with your friends to earn an additional $50 when they fund their accounts.