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Wealthsimple profile

Who owns Wealthsimple?

traditional · Toronto, CA · Broker-led · custody: Custodial

short answerWealthsimple operates as a broker-led (Broker-led: CIRO-registered investment dealer (WSII); cash held at CDIC member banks). Wealthsimple's most notable disclosed backers include Power Corporation, Allianz X, Meritech Capital and Greylock.

Is Wealthsimple a licensed bank?

Broker-led Licence detail: Broker-led: CIRO-registered investment dealer (WSII); cash held at CDIC member banks.

Where is your money held?

Custody model: Custodial.

No sponsor bank or infrastructure provider is publicly documented for Wealthsimple yet. Know one? Suggest it.

Who's behind Wealthsimple?

Wealthsimple was founded by Michael Katchen, Brett Huneycutt (2014), headquartered in Toronto, CA.

Early investors

Notable venture and strategic investors from Wealthsimple's publicly disclosed funding rounds (Power Corp-backed; ~C$1B+).

Power Corporation ↗ Allianz X ↗ Meritech Capital ↗ Greylock ↗ DST Global ↗

Is my money safe with Wealthsimple?

How your money is protected depends on Wealthsimple's licence type — see the licence detail on its profile and confirm the scheme that applies in your country.

go deeperSee the full Wealthsimple profile with every verified field, or Wealthsimple alternatives. Raw fields: data.json.

Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.