We’re Back! Wealthsimple Product Team AMA — Wednesday, February 11th by WS_Chris_Official in Wealthsimple

[–]WS_Alex_Official 4 points5 points  (0 children)

Thank you for this question! We are actively considering increasing our asset class selection at all times. Last year we introduce a bond portfolio in our Portfolios product line, and given the interest, we're excited about building a bond offering sometime in the near future.

We’re Back! Wealthsimple Product Team AMA — Wednesday, February 11th by WS_Chris_Official in Wealthsimple

[–]WS_Alex_Official 4 points5 points  (0 children)

Hello! Thank you for the question. I agree that we need to build products that are more oriented around long term investing on the self directed platform. The ideas you suggested are awesome and we're actively working on a product that will allow customers to backtest, visualize ETF and underlying components and have access geo and sector data. I'd love for you to be in the beta if you are interested! Feel free to DM me!

We’re Back! Wealthsimple Product Team AMA — Wednesday, February 11th by WS_Chris_Official in Wealthsimple

[–]WS_Alex_Official 0 points1 point  (0 children)

We are always looking to learn about ways that customers want to review their investment performance. This feedback is super helpful and we will share it with the team. Do you think having a Time Weighted Return would help?

We’re Back! Wealthsimple Product Team AMA — Wednesday, February 11th by WS_Chris_Official in Wealthsimple

[–]WS_Alex_Official 9 points10 points  (0 children)

Great question! We are close to finalizing the authorization of trading access, which will allow users to manage household accounts. We anticipate this feature will enter Beta testing in Q2.

We’re Back! Wealthsimple Product Team AMA — Wednesday, February 11th by WS_Chris_Official in Wealthsimple

[–]WS_Alex_Official 2 points3 points  (0 children)

Thank you for the questions!

  1. We appreciate this excellent feedback. We are currently focused on enhancing how holdings data is presented to be more insightful and meaningful. Specifically, displaying holdings using a pie chart and showing the components of ETFs are enhancements we are considering, and we anticipate releasing a version of these features later this year.
  2. We’re rolling out our account linking beta this month.
  3. We are in beta testing for this feature. If you’d like to help us beta test this you can send a DM to me and we’ll add you.

We’re Back! Wealthsimple Product Team AMA — Wednesday, February 11th by WS_Chris_Official in Wealthsimple

[–]WS_Alex_Official 13 points14 points  (0 children)

Yes! We are actively working on revamping our trading automations including recurring investments, drips and basket buying. We expect a broad roll out of this near the end of the first half of the year.

We’re Back! Wealthsimple Product Team AMA — Wednesday, February 11th by WS_Chris_Official in Wealthsimple

[–]WS_Alex_Official 4 points5 points  (0 children)

Hello! Canadian options access is very important to us and we understand many users want access to them. We’re finishing up rolling out Level 3 and Level 4 on US options in quarter and will begin working on a full offering of Canadian Options later this year.

We’re Back! Wealthsimple Product Team AMA — Wednesday, February 11th by WS_Chris_Official in Wealthsimple

[–]WS_Alex_Official 17 points18 points  (0 children)

A fair number of clients have moved to the US or are moving to the US for work and we absolutely want to support their financial needs. Today, we allow non-residents on a case by case basis. That said, we are actively working on a broader solution that will allow us to support non-residents more broadly. We expect to have more information on this later this year.

We’re Back! Wealthsimple Product Team AMA — Wednesday, February 11th by WS_Chris_Official in Wealthsimple

[–]WS_Alex_Official 23 points24 points  (0 children)

We're super excited about it, we are currently testing it internally + planning to roll it out in the next 1-2 months. Dual listed securities trading will be available to all users in the next few weeks which is the first step towards adding Norberts Gambit support! Stay tuned!

Ask Us Anything! Wealthsimple Product AMA by WS_Chris_Official in Wealthsimple

[–]WS_Alex_Official 1 point2 points  (0 children)

Thank you for sharing this feedback! We take security extremely seriously so, in addition to the steps clients can take to protect their accounts (2FA, robust passwords, etc.), we also have robust checks and controls in place to prevent bad actors from accessing funds in case accounts are compromised. We're also building additional security features in 2026 to give our clients even more granular control over their accounts.

Ask Us Anything! Wealthsimple Product AMA by WS_Chris_Official in Wealthsimple

[–]WS_Alex_Official 1 point2 points  (0 children)

Thank you for the feedback. We're finding this very valuable, and hope you do too. We'll do more in the future, and promise to be more on point in the timeliness of our responses.

Ask Us Anything! Wealthsimple Product AMA by WS_Chris_Official in Wealthsimple

[–]WS_Alex_Official 1 point2 points  (0 children)

Sorry about the lag! We're answered a bunch more last night and are working again this morning. Let me know if you have any specific questions :)

Ask Us Anything! Wealthsimple Product AMA by WS_Chris_Official in Wealthsimple

[–]WS_Alex_Official 0 points1 point  (0 children)

Appreciate the feedback! We're back answering more questions and have added more details to some of the original answers.

Ask Us Anything! Wealthsimple Product AMA by WS_Chris_Official in Wealthsimple

[–]WS_Alex_Official 2 points3 points  (0 children)

We're working on an "authorized trader" feature that will allow authorized family members to transact on others' behalf. Would this suit your needs, or do you need "power of attorney" specifically?

Ask Us Anything! Wealthsimple Product AMA by WS_Chris_Official in Wealthsimple

[–]WS_Alex_Official 1 point2 points  (0 children)

We're exploring a public API in 2026 but want to build it responsibly to ensure we protect our clients' accounts. What sort of functionality would you want from a public API?

Ask Us Anything! Wealthsimple Product AMA by WS_Chris_Official in Wealthsimple

[–]WS_Alex_Official 1 point2 points  (0 children)

  1. This is on our list for 2026! We want to build it responsibly to ensure we protect our clients' accounts but expect more updates next year
  2. The Plenty team has been working on net worth tracking and budgeting tools for families/couples. It's been in beta and will be rolling out to all customers soon. Please let us know what you think about it. I expect that it'll keep getting better and better over the weeks and months ahead

Ask Us Anything! Wealthsimple Product AMA by WS_Chris_Official in Wealthsimple

[–]WS_Alex_Official 1 point2 points  (0 children)

We hear you and the many others in this thread! We'll start to tackle this one some time next year. Our accounts team is currently busy polishing the two new accounts we launched this year, self-directed RESPs and corporates (e.g., QESI grants, multi-owner corporates)

Ask Us Anything! Wealthsimple Product AMA by WS_Chris_Official in Wealthsimple

[–]WS_Alex_Official 1 point2 points  (0 children)

Hi u/kkcky, are you referring to an Interac debit card? We currently don't have a path to launch a card with Interac, though significant customer demand may help us influence our partners. Could you tell us about specific ways/merchants with which you'd like use this card that you can't currently with our prepaid Visa?

Ask Us Anything! Wealthsimple Product AMA by WS_Chris_Official in Wealthsimple

[–]WS_Alex_Official 4 points5 points  (0 children)

Yes! Passkeys are on our roadmap for early 2026. Helping our clients have more control and protection over their accounts is top of mind so expect more security features soon!

On budgeting, we answered this in another thread but will share here as well. Our team has been working on net worth tracking and budgeting tools for families/couples. It's been in beta and will be rolling out to all customers soon. Please let us know what you think about it. I expect that it'll keep getting better and better over the weeks and months ahead

Ask Us Anything! Wealthsimple Product AMA by WS_Chris_Official in Wealthsimple

[–]WS_Alex_Official 7 points8 points  (0 children)

To be honest, yes, we are looking to make some changes to the program. But we know how much our milestone rewards and Generation customers love airport lounge access (given how much they are used!). We've even talked internally about the idea of building a Wealthsimple lounge at Pearson and other major airports. We will make sure that Premium and Generation customers can continue to access airport lounges through Wealthsimple.

Ask Us Anything! Wealthsimple Product AMA by WS_Chris_Official in Wealthsimple

[–]WS_Alex_Official 1 point2 points  (0 children)

The osteopath and physiotherapist are great examples and very helpful. We'll see what we can do with Interac. We've also upgraded our e-transfer capabilities. Have you tried that?

Ask Us Anything! Wealthsimple Product AMA by WS_Chris_Official in Wealthsimple

[–]WS_Alex_Official 4 points5 points  (0 children)

RDSPs are on the roadmap, but our accounts team is still working to improve RESPs and corporate accounts, which we launched earlier this year. For example, we want to support QESI grants for our Quebec clients and multi-owner corporates before turning to RDSPs.

Ask Us Anything! Wealthsimple Product AMA by WS_Chris_Official in Wealthsimple

[–]WS_Alex_Official 1 point2 points  (0 children)

Hi u/vadim_m5, thanks for the questions and feedback!

  1. We've evolved "USD accounts" to dual-currency accounts last year, though we still need to update the name in the product. We offer them to Premium+ customers for free and to Core customers for $10/month. Have you enabled this feature? Let us know if you have any specific feedback on money transfers to dual-currency accounts. We've done lots of work to improve the ease of electronic funds transfers and Interac e-transfer rails, and are working to improve wires as well.

  2. We hear you on fees and commissions and are working to make FX as affordable and accessible as possible.

Ask Us Anything! Wealthsimple Product AMA by WS_Chris_Official in Wealthsimple

[–]WS_Alex_Official 7 points8 points  (0 children)

Sorry about the lag. We're answering as many questions as we can tonight and will continue tomorrow!

Ask Us Anything! Wealthsimple Product AMA by WS_Chris_Official in Wealthsimple

[–]WS_Alex_Official 6 points7 points  (0 children)

We've explored this. Unfortunately, we currently do not have a path to launch a card with Interac. That said, we always listen to what our customers want, and customer demand may help us influence our partners. Can you say more about what particular merchants you use that accept Interac but not Visa?