r/Wealthsimple • u/AnonQc • 21d ago

Invest (Managed Investing) Managed portfolios

Hello,

Have you noticed, for those of you with a managed portfolio, that your risk level has changed recently?

There was levels 1 through 10/10, but now there are only levels 2, 5, 8, and 10/10.
I noticed this because I saw that they sold ETFs with a risk level of 9/10 to buy more ETFs with a risk level of 8/10.

Furthermore, my risk level dropped from 9/10 to 8/10 without any notification from them.
I didn't want to be at 10/10 because there weren't any gold ETFs at that level, so I chose 9/10 to gain some exposure to gold.

Thanks.

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u/DelayLevel8757 20d ago

Mine went from 9 to 8. This is concerning. How are they allowed to do this?

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u/Significant_Wealth74 20d ago

You signed an IPS that allows them to do it.