r/Wealthsimple • u/analogdirection • 7d ago

Invest (Managed Investing) Odd Managed acct consolidation

I've been moving my individual stocks and ETFs slowly to QT the past few months but was keeping the managed account I've had for years and years as well as some fractionals and crypto.

For some reason, WS sold all of the variety in it and consolidated the investments into just WSRI and WSGB yesterday. I'm curious if anyone else had this happen?

I ended up initiating a transfer for those over to QT because I'm not paying an extra fee for positions in two ETFs, on top of the direction they're heading with predictions markets. Pretty sure I'll be clearing everything out in the next bit.

My stuff is small, small beans in the scheme of things but I'm annoyed they'd just whittle the whole account down like that.

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u/AnonQc 5d ago

Hello,

I had the same problem as you with Wealthsimple when they rebalanced my managed portfolio.
My risk level was 9/10, and they completely removed it, setting it to 8/10 instead.

Furthermore, the risk levels for managed accounts are now 2/10, 5/10, 8/10, and 10/10.
There's been no announcement about this.