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Wealthsimple Announces UK Expansion
With over $1 billion in assets, Canada’s leading digital investing service will be available to the UK in September
Wealthsimple is expanding its service to the United Kingdom. A beta version of Wealthsimple‘s investing service will be launching this summer, followed by a public launch in September.
“Our mission is to make smart financial services accessible to everyone in the world. There are a lot of people in the UK who aren’t getting the tools and advice they need to live their best financial lives, and in particular young and first-time investors,” said Michael Katchen, founder and CEO of Wealthsimple. “We’re really excited to introduce our first UK clients to the simple, smart, accessible service Wealthsimple is known for.”
Clients in the UK will be able to use the same award-winning platform as they do in the US and Canada to open an optimized investment account in just minutes through Wealthsimple’s website or mobile app. They’ll also be able to have access to human advisors whenever they’d like, and will pay a transparent, and remarkably low management fee. Investors will be able to choose either our standard or our socially responsible investment portfolio.
Toby Triebel, a fintech entrepreneur and financial services veteran, will be leading Wealthsimple‘s UK busi
In less than three years, Wealthsimple has grown to serve more than 30,000 clients with $1 billion in assets. It’s backed by the Power Financial Corporation group of companies, which have invested $100 million in Wealthsimple to date. The UK is the company’s second international market. Wealthsimple launched in the United States at the end of January.
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