Wealthsimple prepares to launch new services

Wealthsimple has registered new business names in preparation for the launch of new services aimed at providing a one-stop financial service for clients, according to a report by The Globe and Mail.

The Canadian robo-advisor has registered three new businesses across several provinces, including Wealthsimple Cash, Wealthsimple Payments Inc., and Wealthsimple Digital Assets Inc. This follows Wealthsimple’s push to broaden their business beyond investment portfolios over the past two years, adding savings, trading, and tax services.

Wealthsimple Cash will likely provide an online chequing account for Wealthsimple clients. In an email to the Globe, the company’s chief executive, Michael Katchen, said that such a service is part of Wealthsimple’s “road map”.

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