Robo-advisor Wealthsimple Launches Portfolio Review Service for Investors

TORONTO, May 17, 2016 /CNW/ - Wealthsimple, Canada's leading online investment manager, has launched a free second opinion product for investors called Portfolio Review. The new product will allow users to submit their investment portfolio to be reviewed by Wealthsimple's team of registered Portfolio Managers.

Submitting your portfolio takes only a few minutes, followed by a confidential review with a Portfolio Manager. There is no obligation to sign up for Wealthsimple, and you'll receive actionable, non-biased advice on how to improve your portfolio.

"We believe investing should be simple, smarter, and low-cost for all Canadians," says CEO and Founder Michael Katchen. "Our new portfolio review feature will help Canadian investors make sure their money is in the right places, using key investment principles we advise our clients to follow."

The review is an objective evaluation of your portfolio across key dimensions that impact future performance; such as diversification, fees, taxes and past investment behaviours. The methodology is based on Nobel Prize-winning academic research.

"We're able to provide you with practical advice on where your portfolio can improve, in order to help your long-term financial goals," says Portfolio Manager David Nugent.

Wealthsimple Portfolio Review is introduced alongside the implementation of new CRM2 regulations in Canada, a disclosure requirement for financial institutions to provide more clarity around investment performance and fees.

About Wealthsimple

Wealthsimple is Canada's leading online investment manager, making smart and simple investing accessible to all Canadians with low minimums and low fees. Their on-demand financial planning services and investment advice educate clients and keep their investments on track. Founded by a team of financial experts and technology entrepreneurs, Wealthsimple is currently registered and operating in every Canadian province and territory. Wealthsimple is backed by Power Financial Corporation, a publicly-traded management and holding company. To learn more, visit

SOURCE Wealthsimple

Image with caption: "Starting Today, a Wealthsimple Pro Will Personally Review Your Portfolio for Free (CNW Group/Wealthsimple)". Image available at:

For further information: Mallory Greene, (905) 751-6532,


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