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Wealthsimple Invest

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description Wealthsimple Invest Overview

Wealthsimple Invest is a robo-advisor that automates the investment process. It creates and manages diversified portfolios based on your risk tolerance and financial goals. The platform offers low fees and easy access to ETFs, making it an excellent option for beginners looking to start investing without needing extensive knowledge.

help Wealthsimple Invest FAQ

How does Wealthsimple Invest choose a portfolio?

Wealthsimple's managed account uses information such as your goals, time horizon, risk profile and risk tolerance to select a portfolio generally built from ETFs. Its classic lower-risk portfolios can include bonds and gold, while higher-risk allocations use more equities. [Wealthsimple](https://www.wealthsimple.com/en-ca/invest/classic-portfolios)

Does Wealthsimple Invest rebalance and reinvest dividends?

Yes. Wealthsimple says its classic managed portfolios are automatically rebalanced after deposits, withdrawals or goal changes, and dividends are reinvested into underweight ETFs. [Wealthsimple](https://www.wealthsimple.com/en-ca/invest/classic-portfolios)

Is Wealthsimple Invest different from Wealthsimple Trade?

Yes. Managed investing lets Wealthsimple choose and manage the portfolio, while Trade is self-directed and lets you buy stocks or ETFs yourself on markets such as the TSX and NYSE. Both products can be used inside accounts such as a TFSA or RRSP. [Wealthsimple](https://www.wealthsimple.com/en-ca/quote/nyse/v)

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