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Wealthsimple information


Wealthsimple Inc.
Company typePrivate
IndustryFinancial services, online investment management
FoundedSeptember 2014; 9 years ago (2014-09)[1]
FounderMichael Katchen, (CEO), Rudy Adler (CMO), Brett Huneycutt (CPO)[2]
Headquarters
Toronto, Ontario
,
Canada[3]
ServicesRobo-advisor, stockbroker, electronic trading platform
AUMCA$38.7 billion (2024)[4]
OwnerPower Corporation of Canada (56.6%)[5]
Number of employees
>600[6] (2021)
Websitewealthsimple.ca

Wealthsimple Inc. is a Canadian online investment management service. The firm was founded in September 2014 by Michael Katchen, Brett Huneycutt, Som Seif, and Rudy Adler and is based in Toronto.[1][2] As of March 31, 2024, the firm holds over C$38.7 billion in assets under management.[7] It is primarily owned by Power Corporation indirectly at 56.6% through investments made through their holdings in Power Financial, IGM Financial and Portag3.[8]

  1. ^ a b Casey, Quentin (10 April 2015). "Wealthsimple aims to turn financial services industry on its head with new low-cost approach to investing". No. FP Startups. Canada: Financial Post. Postmedia Network Inc. Retrieved 27 March 2017.
  2. ^ a b Clifford, Catherine (2017-07-21). "29-year-old CEO who manages $1 billion warns young people: Buying a home can be a 'terrible investment'". CNBC. Retrieved 2022-11-02.
  3. ^ Cite error: The named reference CNBC.com2017January10HoSolarina was invoked but never defined (see the help page).
  4. ^ "Management's Discussion and Analysis, May 2, 2024" (PDF).
  5. ^ "Power Corporation of Canada | Annual Management's Discussion and Analysis, March 20, 2024" (PDF). www.powercorporation.com. Retrieved 6 May 2024.
  6. ^ "About Wealthsimple: Work with us". wealthsimple.com. Retrieved 1 April 2022.
  7. ^ "Management's Discussion and Analysis May 2, 2024" (PDF). IGM Financial. Retrieved May 6, 2024.
  8. ^ "Annual Management's Discussion and Analysis March 20, 2024" (PDF). Power Corporation of Canada. Retrieved May 6, 2024.

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