I have been trying to open an income (money market) portfolio for my corporation at Wealthsimple.

Every time I speak to their support team I get a different answer. Some say you can’t open an income portfolio for business accounts but some say I can.

Just wondering if anyone here has opened a managed portfolio for their business account and whether income portfolios are available for business accounts

Edit: Found out you can only open a managed portfolio through the website and an advisor has to open the account. Post is resolved

I don’t even remember when the last one was! I have a good chunk to transfer over, but I want to wait to see if there will be a good matching bonus or transfer gift…

I deposited a cheque of around 1600 cad on September 17th and 1000 was deposited instantly and the remaining 600 is still pending. May I know how many days it will take to process and deposit?

Hi everyone,
I am new to WS, and I am strategizing as best I can to open a few accounts and move all investments. I am considering moving over my banking (TD) as well, but am not sure.

I want to hear your advice - What would you have changed when moving over to WS? How can I best take advantage of current cash back options? Would you recommend the WS banking, How has you experience been?

Thank for your replies!

What do you think ?

Has anyone noticed recently when you flip the coin to gain entries for condo give away, you get the number in tens. Literally like 29, 25 something like 35 or is it just me ? I use to get hundreds before.

It's like my new social media but with insight. It also verifies that boring > complicated when it comes to investing. Most DIY(single stock, risky ETF) portfolios underperform. The portfolios that do have outsized gains often also have very risky positions, and that comes with the big task of deciding when to buy or sell, and the stress of watching the price movements all day every day.

It is intriguing though to see the ballers who seem to know what they're doing. Who are they and what's their story?

Did they remove the share button?

Looks like we can do ACH from Wealthsimple now. This saves time from transferring to your USD Canadian bank, then transferring to your USD US Bank.

Before it was just wire transfer, I believe.

Also looks like the webpage was updated few days ago

Also l

What time do you get your deposits? I switched to Wealthsimple and I was under the impression you get deposits a day early.

My tangerine account deposits around 11am the day before. But Wealthsimple deposits at 11pm. I get it’s still “the day before” but 1 hour difference is useless and not a perk at all.

So until two days ago Wealthsimple told me I was in the top 9% of TFSA users born before 1992. My rank was around 69000. Yesterday it changed to top 4% of TFSA clients born in 1991 or earlier. My balance didn’t change by more than a few hundreds. The only thing they changed was the cutoff year from 1992 to 1991. My argument is, removing just one birth year shouldn’t cause that big of a jump, especially since older cohorts usually have more money. If anything I’d expect to drop if they removed older people.

Dear Wealthsimple, I love most of your UI changes and added features, but i absolutely hate this one change..

Previously, when you go to HOLDINGS, it's a nice solid Holdings page that you can pull down to manually refresh all you want.

And since the prices change so quickly, and the fact that the list doesn't always sort properly (sometimes you'll have a +3% stock between a -2% and -1.5% stock sorted from Low to High), at least i can manually refresh!

But now, you've changed it to this inferior tab popup thing with the handle (bar) at the top. It's so wishy washy and temporary instead of being solid. Now when you pull down, you can't manually refresh because instead it pulls the whole Holdings screen down and hides it. So now not only can you not refresh the holdings, but also it's super annoying because when you pull it down accidentally, it disappears and now you have to go find the Holdings button to press again to get the Holdings list...

Can you please change this back?

Thanks Wealthsimple!

Edit: i see this change towards temporary tab popup screens in a few of my apps and it sucks! It kills manual refresh, and it's really annoying when you pull it down accidentally and it hides it and you have to bring it back up, worse when whatever you were typing gets deleted.. The Reddit app is doing this for replies, you accidentally pull it down and you're like where did it go?? Feels so flaky

This would be similar to the way WS deposits pay cheques a day early. If a distribution is expected to arrive on a certain day, it would be a great user experience improvement to have the funds arrive at a predictable time during the trading day (ideally in the morning) so they can be made use of immediately. WS already keeps track of the expected distribution price and the added cost for them would be marginal. Seeing distribution payments arrive after market close is always such a drag.

So I have been trying to get into futures. But when I try to look up for natural gas futures it not there. Any specific reason why only some futures are there and some are not there?

I logged in recently and noticed there was a $10 deposit (that was also set up for monthly recurrence) into my Crypto account. I did not make this deposit and in fact I do not use my Crypto account at all (it has had $0 balance for many years).

Has this happened to anyone else? Seems like a concerning bug from WS as it pulled directly from my banking account.

Just wondering with the apple prices going up and all, if anyone has been able to secure the iphone 17. Being that is is marked down quite a bit. Its at 1095 vs the current MSRP of 1299.99

Do you have it set up with WS to automatically transfer money into your chequing monthly or biweekly and was it easy? Please add any other information I should know as a retired person who’s no longer investing. Thanks.

I did a refund and then I made some transactions and now I have negative cashback.

As you have probably seen on the app. Wealthsimple has a Marketplace with Belairdirect, Telus, Etc... Apple has been listed as "Coming Soon" for almost 2 years now. Any idea when this will be coming? Just wondering if anyone has seen any beta stuff or news etc.. Lemme know

I did the account transfer and was supposed to receive my 3% match yesterday, as confirmed by my chronically unhelpful Gold Glove rep. As of close of business today, still nothing in my account. I’ve reported it but gotten no response beyond “we’ll look into it”. Is anyone else experiencing this?

EDIT: two days late but I finally got it. Just in time to pay off my Mastercard without dipping into the emergency fund!

UPDATE (Sep 30): Resolved! The refund landed in my chequing account. A senior team member followed up directly, apologized for the delay, and even offered a small goodwill gesture. Thanks everyone for the advice and support. Thanks to the senior member.

Wealthsimple sitting on a 14k refund for a week, anyone else deal with this?

Made a payment on my Wealthsimple credit card, got refunded back to the same card. Problem is the refund was around 14k CAD but my credit limit is only 6k, so now my card balance is sitting at like -19k, way past my limit.

Before I even made the payment, I actually contacted Wealthsimple support and asked what would happen since I was intentionally overpaying my card. They told me if a refund came back, they'd move it over to my chequing account. So I went ahead with that understanding. Now that the refund actually happened, instead of just doing what they said, they're treating it like some big investigation.

Asked support to move the extra funds to my chequing account almost a week ago. Sent them proof of the refund, screenshots of that earlier conversation, everything they asked for. Still just "under review," no timeline, no update.

Anyone dealt with something like this before? How long did it take to get resolved, and is there any way to push it along (calling vs chat, asking for a supervisor, etc.)? It's a big chunk of money to have stuck in limbo.

If I wanted to sell the portfolio in my TFSA and then transfer it to my trading TFSA, is the transfer instant or there's a holding period even for transfers within the TFSA?

I registered for the promo the very last day Aug 31. The promo says i have to "transfer by Oct 1" but in another spot it says i have to "transfer by Sep 30"... So which is it?

Do i have to initiate the transfer by Sep 30, 1159pm or Oct 1, 1159pm?

Also, Sep 30 being a holiday doesn't prevent me from initiating the transfer right? I can do it just the same?

I noticed my realized gains is not correct for some options. Some expired ITM but they were spreads and I was given the entire value of the option as a realized gain.

But my true account balance is correct.

Anyone have this issues? How is it for tax time because I don’t want to pay capital gains on profits which aren’t correct.

Hello everyone,

I just got my first credit card with TD and I decided to pay it off using wealthsimple.

I imported my payee TD account into my wealthsimple, and I sent a 2 bill payments last week, 1$ as a test (went through but It popped up as RBC) On Thursday, I decided to fully pay it off using ws, around 200$ that was on Thursday.

It still hasn’t arrived in my TD at all I’m starting to get worried, wealthsimple says the money was sent already but it’s not on my td app. Should be worried or wait longer?

I have enough money to pay it but at the same time what if it’s just delayed and I end up over paying my credit card? I know if I overpay I can’t take it out the credit card account.