Power Financial has injected another $51m into Wealthsimple, bringing its total commitment to the company to $165m.
Canada-based wealth management platform Wealthsimple has secured $51m in funding from financial services provider Power Financial, Reuters reported yesterday.
Founded in 2014, Wealthsimple operates a robo-advisor that automatically creates personalised, diversified portfolios based on each user’s risk tolerance. Investors can also seek the advice of financial experts, who offer a free portfolio review.
The platform does not have a minimum investment size and charges between 0.5% and 0.7% in fees. It is currently available to investors in the US, Canada…
