The Canadian robo-advisor firm beat out well-established major U.S.-based financial services institutions for the prize
New ETF products will have slightly higher fees
That change was made possible thanks to the firm’s acquisition of ShareOwner, whose dollar-based investment services allows investors to purchase fractional shares of ETFs
Robo-advisor will be able to work more closely with advisors as a result of the transaction
Power Financial's investment in Wealthsimple gives the Montreal-based firm a way to reach young, prospective clients
Investment will allow robo-advisor firm to increase staff, bolster product lineup
Canadian finance institutions are “dragging their heels”, says Wealthsimple
App designed to make investing easier
Online investment manager launches in three more provinces
This development should be seen as an opportunity