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First Foreign Robo Advisor Serving US Clients Set to Launch
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First Foreign Robo Advisor Serving US Clients Set to Launch

First Foreign Robo Advisor Serving US Clients Set to Launch

Fintech Nexus Staff·
FintechNews RoundupNorth America
·Jan. 26, 2017·1 min read

Wealthsimple is a Canadian firm backed by Montreal-based Power Financial and they are looking to launch their robo advisory solution to US clients soon; in accordance with US securities law, Wealthsimple received approval to operate as an investment advisor by the SEC in October 2016; there is no account minimums for their product and the first $10,000 invested will be fee free, anything above $10,000 will be subject to a management fee of 0.5%.  Source

  • Fintech Nexus Staff
    Fintech Nexus Staff

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