Chronicle Journal: Finance

Wealthsimple brings simple, accessible investment advice to the UK

Leading digital investing service expands to its third market with UK launch

TORONTO, Sept. 19, 2017 /PRNewswire/ - Wealthsimple is making smart investing accessible and low-cost to more people with  the company's expansion to the United Kingdom. UK residents can now open an account and have access to diversified investment portfolios in minutes through wealthsimple.com or by downloading the iOS or Android app. 

"The response we've seen from our early testers in the UK has been pretty remarkable, and speaks to the demand for a product that simplifies investing and makes it accessible,"  said Michael Katchen, CEO and co-founder, Wealthsimple. "We've never been shy about our ambitions to be a global company that helps people around the world live their best financial lives, and we're really excited to bring Wealthsimple to our first European market."

Wealthsimple's platform has won two consecutive Webby Awards for best financial services website. It combines revolutionary technology with human expertise to build sophisticated investment portfolios tailored to clients' financial goals, whether they're long-time investors or just starting out. Wealthsimple has differentiated itself with exceptional design and engaging creative content that simplifies and humanizes the world of money. 

Wealthsimple's UK team, based in London, is led by Fintech entrepreneur Toby Triebel, the former CEO and co-founder of the global online lending platform Spotcap. Triebel joined the Wealthsimple team in September 2016 and has led the company through its initial beta testing, in which over five thousand people signed up for early access. 

Founded in 2014, Wealthsimple now serves more than 40,000 clients with over $1 billion in assets. It's backed by the Power Financial group of companies, which have invested $100 million in Wealthsimple to date. Based in Toronto, Canada, Wealthsimple launched in the United States in January, making the UK its third market. 

About Wealthsimple
Wealthsimple is an online investment manager that combines user-friendly digital tools and personal financial advice to make smart, automated investing available to everyone. With no minimum account size and low fees, Wealthsimple makes investing simple, accessible, affordable and personalized. Available in the U.S., the UK, and Canada, Wealthsimple was founded by a team of financial experts and technology entrepreneurs, and is backed by the Power Financial group of companies. Power Financial Corporation (TSX: PWF) is a diversified management and holding company that has interests, directly or indirectly, in companies in the financial services sector in Canada, the United States and Europe. To learn more, visit www.wealthsimple.com.

SOURCE Wealthsimple

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