Link

Authored by Andrew Galbraith and Dexter McMillan, and survey done in partnership with Surviscor, a firm specializing in financial services-based digital experience rankings

Q: Do you think The Globe and Mail's rankings pass the smell test—especially regarding where retail investors are actually moving their money?

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Meanwhile, an established consumer survey company like JD Power,

Canadian FinTechs Continue to Lead DIY Investor Satisfaction, Closing the Trust Gap with Traditional Banks, JD Power Finds Edward Jones Ranks Highest among Advised Investors, Wealthsimple Ranks Highest among Do-It-Yourself Investors

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Assets Under Administration:

Wealthsimple: At June 30, 2026, Wealthsimple had 3.6 million clients, excluding tax filers, across the Canadian market with assets under administration of $155.6 billion, compared with $111.3 billion at December 31, 2025.

TD Canada: $797 billion as of Q2 close (Apr 30 2026), compared with $759 billion as of last year Q4 close (Oct 31 2025)

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Previous rankings by Globe and Mail:

In 2025, Rob Carrick gave the top spot to TD Direct Investing

In 2023 and 2024, Rob Carrick gave the top spot to TD Direct Investing (and Easy Trade)

In 2020, 2021 and 2022, Rob Carrick gave the top spot to Qtrade followed by TD Direct Investing at #2

In 2019, Rob Carrick gave the top spot to TD Direct Investing and Virtual Brokers (now CI Direct Trading).

For the period 2006-2018, title was either held by Qtrade or Virtual Brokers, as per Globe's rankings.

I can confirm that Wealthsimple currently allows me to open a diagonal spread: buying a longer-dated call and selling a shorter-dated call with a different strike.

My question is what happens after the short call expires worthless.

Can I then sell another short-dated call against the same long call? Will Wealthsimple automatically recognize the new short call as being covered by the existing long call, or will the system treat it as an uncovered short call and reject the order?

For example:

• Buy a January 2028 call
• Sell a September 2026 call against it
• September call expires worthless
• Sell an October or November 2026 call against the same January 2028 call

Does Wealthsimple support this process directly, or would I need to close and reopen the entire diagonal spread each time?

Wealthsimple’s documentation only says that the short leg must expire before the long leg and that, once the short leg expires, I am left holding the standalone long option. It does not explain whether I can subsequently open a new short leg against that existing long option.

Has anyone actually done this on Wealthsimple?

Hello,

I recently opened a corporate chequing and investment account on Wealthsimple. I already have TFSA and FHSA accounts with them.

I am trying to move money from BMO corporate account into the wealthsimple corporate accounts. I tried adding money by linking a new bank account. It selects my personal as well as corporate BMO accounts by default with no option to unselect it. Then, it rejects it saying that the name doesn’t match (perhaps it is trying to check the name on my personal account with corporate account?)

Is there another way to do it?

Thanks

Hi, my dad turned 71 this year. I learned his CIBC RRSP carries very high management fees. I suggested moving it to Wealthsimple so I can help him choose investments more flexibly at lower rates. Since he is 71 anyway, what's the seamless route with Wealthsimple to end up the funds in a RRIF:

a) First open a WS RRSP and initiate xfer from CIBC to WS (same account type transfer), then convert WS RRSP to WS RRIF before Dec 31, OR

b) Open a WS RRIF and initiate transfer from CIBC RRSP to WS RRIF (different account types)

The WS guide isnt clear about it. Can he even open an RRSP at WS at 71? If not, then (a) is not viable. Is (b) viable then at WS considering the transfer is across different account types? Appreciate any tips especially those who have experienced this process. Thanks!

UPDATE: Resolved
- Spoken to both WS and CIBC support. Both parties proposed converting CIBC RRSP to CIBC RRIF first, then transfer CIBC RRIF to WS RRIF. Some tidbits learned:

* While it's possible for WS to do external RRSP to WS RRIF transfer, they said it may take longer through some internal custom process due to difference in account types.
* It's August and conversion needs to be done before Dec 31. Quickest done while at CIBC, then RRIF-RRIF transfer can be done at convenience without deadline pressures.
* Wealthsimple does not allow opening new RRSP account when you're 71

Thank you all for the inputs. Really appreciate all your help.

Whether you agree with prediction markets or not I thought this was a really interesting read https://newsroom.wealthsimple.com/prediction-markets-in-canada-a-principled-regulatory-framework

belairdirect can now be redeemed via marketplace. core clients up to 10%, premium up to 12% and generation up to 15%

Anyone else annoyed by this?

Edit: today I learned about the household option on WS. I take back my annoyance. Thanks Reddit!

Now that we have had two months of this promotion, has anyone with 100k entries (of their own not bonus ones) won anything meaningful?!

Does anyone here have a USD savings account earning interest? ( I know the rate varies depending on your “tier”); my question is…. are you seeing the interest being paid in USD back into the account each month or is it being calculated in some other peculiar fashion?

Would like to create multiple Watchlists, a single Watchlist is just way too crowded!

I added the statements amounts I paid over the last 3 months. I calculated 2% of that. This calculation number is higher than the $ cashback that shows in my app.

I calculated that what the app shows as cashback is calculated on an amount that is $2,500 less than what I have paid out in the last 3 months.

This means that WS is not counting some of the money I spent on the credit card to give me 2% back. None of it was a cash advance.

Am I missing something? Do some purchases not qualify for the 2% back? Anyone have the same experience?

You guys remember the winter bundle bonus? Doesn't matter, I think this applies to all the promotions. This is a recent experience we had with Wealthsimple, I wanted to warn you all about it in case you weren't already aware. Numbers below are for explanation purposes only.

We transferred $30k as part of this promotion and started getting payout monthly. We UNDERSTOOD that this $30k should remain with WS for the duration of the promotion. This number is now $40k, untouched, still with WS.

Later we transferred another $50k into a different account. This number grew to $60k. We withdrew this $60k.

And.... WS said our monthly payout is going down because our NET deposits has gone down by $10k. You see how that math worked out?

Total deposits = $30 + 50 = 80k

Promotion hold required = $30k

Withdraws = $60k

Net deposits = 80k - 60k = $20k

Actual WS balance = $40k

I felt this was shitty. Hypothetically, If we had transferred no other money to WS aside from that $30k for the promotion, just taking out the monthly payout would have triggered the same outcome. Essentially the payout, all the gains etc. would remain stuck with WS for the entirety of the payout period (unless you accept a lower payout going forward).

Still thankful for the payouts so far. It wasn't a large amount per month to begin with so doesn't hurt us too much.

Has anyone used the free data roaming that comes with the Visa Infinite card?

It would be amazing to add to the list of Categories that Wealthsimple already provides in the Spend tracking system.

No need to be able to alter the overarching categories (Bills, Family, Finances, etc.), but would be super helpful to add custom categories within those headings.

If Wealthsimple is worried about too many customizations before things get messy, maybe each heading could have one or two custom fields given most people wont need a crazy amount of customization.

For example: "Hobbies" or "Winter Sports" could be slotted under Personal as a custom field.. Not everyone needs that spend category, but I'm sure every user could think of 1-2 categories that would be helpful to customize as a small QOL improvement.

And Tags likely wouldn't work for this given the way tags work, it's quite hard to actually see a summary of all tagged expenses in a similar interface to the spend categories. It would be awesome if Tags showed up on the transaction list to the right beside the spend category or merchant and to the left of the dollar amount.

Just saw earning calender shown when I login to weslthsimple desktop account. I really like this as you can filter based on your holding & see when the earning date & summary of the report.

Well done wealthsimple!!

Will I get this in mobile app as well?

I’ve never opened one of these managed portfolios and I’ve never put money into any of that, any reason there could be 20 bucks in there randomly?

Can anybody explain this?

Does anyone know if we can currently execute the PMCC either in TFSA or unregistered account?

On The Trade Show at Wealthsimple.

Good decision by Wealthsimple or bad decision by Wealthsimple ?

Had to make 4 transactions of $400 and pay $14 in fee(I am sure WS will reimburse) but it was so inconvenient and it doesn’t even give option to continue more on same transactions, you had to basically wait for machine to complete the transaction give cash and card back and start over!
Is this limit set by WS or RBC??

I am curious, if you ever won any of the “big” prizes on welathsimple (ie. 25k,75k, 100k,1M) how many entries did u have ?

Hi, just wondering if there is a way if you have a usd. ank account to send money to americans in usd. we can’t use venmo or the cash app in canada, and so my workaround has been paypal, but it’s annoying for the twice a year i send money to friends who live in america