WealthWise is not a broker. It's the analysis tool that plugs on top of your Wealthsimple, Questrade, Disnat or RBC accounts — and gives you what brokers don't: consolidated multi-account tracking, projected dividends, FIRE projection, and AI analysis.
Free up to 10 assets · Keep your Wealthsimple · No bank link required
Let's be honest: Wealthsimple is an excellent broker for most Canadians. Here's what it does well:
Wealthsimple Trade charges zero commission on Canadian and US stock trades. Unbeatable for beginners.
The mobile app is probably the most polished in Canada. Simple, fast, aesthetically pleasing.
You can open your registered accounts directly inside Wealthsimple, without complicated paperwork.
Wealthsimple Invest automatically manages a portfolio for you (0.5% fee). Good for total passive.
Wealthsimple is good as a broker, but becomes frustrating as an analysis tool. Here are the most frequent complaints from serious investors:
Basic asset-class allocation, no beta, no concentration, no benchmark comparison. Good for seeing your balance, not for understanding your portfolio.
You see dividends received, but no forecast of next quarter. No ex-dividend calendar. No yield-on-cost. No DRIP simulator.
No target capital, no Monte Carlo simulation, no compound growth curve. Impossible to answer "how many years until I can stop working?"
Many Canadians have Wealthsimple + Questrade + RBC Direct. Wealthsimple only shows Wealthsimple accounts. No consolidated view.
In 2026, this is table stakes. What do you think of my allocation? Am I too concentrated? Wealthsimple doesn't answer these questions.
T5/T3 yes, but no automatic ACB calculation, no detailed downloadable gains/losses history for your accountant.
The key idea: you keep Wealthsimple as your broker (zero commission, clean interface), and use WealthWise as the analytics layer on top. You enter your positions manually (10 minutes in Quick Add mode) or via CSV import.
Wealthsimple + Questrade + RBC in a single view. Total net worth, global allocation, aggregated sector exposure.
How much you'll receive in Q3, by holding, total. Ex-dividend calendar. DRIP simulator with fractional shares.
Lean/Regular/Fat target capital, years to FIRE, 1,000-scenario Monte Carlo. (Premium)
Our AI (powered by Google Gemini 2.5) analyzes your portfolio, identifies concentration, beta, diversification — with clear informational disclaimers.
Are you beating the index or underperforming? Side-by-side visualization over 1 month, 1 year, 5 years.
2026 limits (TFSA $7,000, RRSP 18% of income) computed, available room real-time, over-contribution alerts.
| Need | Wealthsimple | WealthWise |
|---|---|---|
| Buy/sell stocks and ETFs | ✅ Excellent (0 commission) | ❌ Not a broker |
| Open a TFSA/RRSP | ✅ Excellent | ❌ Not a bank |
| View today's balance | ✅ Good | ✅ Good (manual/import) |
| Track multiple brokers together | ❌ Wealthsimple only | ✅ Unlimited |
| Projected dividends Q+1 | ❌ No | ✅ Yes |
| AI portfolio analysis | ❌ No | ✅ Yes (HARFANG) |
| FIRE projection / Monte Carlo | ❌ No | ✅ Yes (Premium) |
| S&P 500 / TSX benchmark | ❌ Limited | ✅ Yes |
| TFSA/RRSP room tracking 2026 | ⚠️ Basic | ✅ Yes (alerts) |
| Auto robo-advisor | ✅ Wealthsimple Invest | ❌ No (by design) |
Based on what most of our users tell us, here's the combo that works best:
Total cost: $0 trading commission + $0 to $19.99/month WealthWise depending on plan. Much cheaper than Sharesight ($20–49 USD/mo) or a financial advisor at 1% AUM/year.
No bank link required, no credit card, free up to 10 assets. Data stored in Canada (Law 25 + PIPEDA).