What are Wealthsimple's client levels?

Wealthsimple offers three account tiers for its clients: Core, Premium (minimum of $100,000), and Generation (minimum of $500,000). Each Wealthsimple account tier comes with its own benefits, such as lower management fees and higher interest rates on savings.

What are the new benefits for Premium and Generation customers?

The rewards program offers new benefits for Premium and Generation customers. These exclusive rewards are lifestyle-related, such as travel (DragonPass, Uber One and Gigs), wellness (Strava Premium, Headspace, Maple and Willful) and culture (The Globe and Mail, DINR). The more assets you have, the more rewards you earn.

How do I get rewards and benefits for Premium and Generation customers?

Once you reach $200,000 in assets, you can claim your reward directly in the Wealthsimple application. Then you get another reward for every additional $100,000 in assets (until you reach $400,000). These rewards are in addition to Premium and Generation privileges.

Can you lose your Wealthsimple Premium status?

If you withdraw money from your account and the balance of all your Wealthsimple accounts falls below $100,000, you lose your Premium status and the associated benefits.