Online investment manager Wealthsimple is now available in all 50 states.
Users can visit Wealthsimple’s website or download the iOS or Android app and quickly create a personalized portfolio. There is no minimum account size and the first $5,000 is managed at no charge.
“Our mission is to help everyone grow their savings, no matter who they are or how much they have to invest,” founder and CEO Michael Katchen said.
Wealthsimple, whose website won the 2016 Webby for best financial services website, offers digital tools and editorial content. It has partnered with the Power Financial group of companies, which has invested $38 million in capital. Eighty-five per cent of its clients are under 45.