Wealthsimple

"Is Wealthsimple working?"

Wealthsimple is working normally

All systems are operational. Wealthsimple is accessible and functioning properly.

Status Chart

This chart displays the hourly status data for over a 24-hour period

Now

24h ago

Operational

Partially working

Major outage

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Recovering

Timeline

A chronological log of system events, performance fluctuations, and user reports. Each entry is tagged with time, status, affected regions, and resolution details for comprehensive tracking and analysis.

Service Status: All systems operational and responding normally

Performance Trend (24h): Stable performance with no significant issues reported

Community Reports: No issues reported by users in the last 24 hours

Global Availability: Working normally worldwide

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Reporting chart

This graph shows problem reports in the last 24 hours compared to typical patterns. The dashed line shows historical baseline when available.

Recent reports

Every user report, from every country, visualized in real-time. Reports are displayed in descending chronological order (newest first) to ensure the most recent issues are immediately visible and no problem goes unnoticed.

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Wealthsimple is a Canadian financial technology company that offers a comprehensive suite of digital financial services. Founded in 2014 by Michael Katchen, its business model is built on providing low-cost, easy-to-use financial tools that challenge the traditional banking sector. The company's primary revenue streams are generated from a diversif... Wealthsimple is a Canadian financial technology company that offers a comprehensive suite of digital financial services. Founded in 2014 by Michael Katchen, its business model is built on providing low-cost, easy-to-use financial tools that challenge the traditional banking sector. The company's primary revenue streams are generated from a diversified mix of services. These include management fees from its robo-advisor service, Wealthsimple Invest, which charges a percentage of a client's assets under management. It also earns revenue from its commission-free trading platform, Wealthsimple Trade, through various sources like currency conversion fees for U.S. dollar trades and interest on uninvested cash. A key competitive advantage is its all-in-one app, which integrates its various products, including investing, banking, and tax filing, into a single user-friendly experience. Wealthsimple’s core products are designed to make finance simple and accessible to everyone. Wealthsimple Invest is an automated investment service that builds and manages diversified portfolios for clients based on their risk tolerance. Wealthsimple Trade allows users to buy and sell stocks, ETFs, and cryptocurrencies with no trading commissions. The company's banking-related services include a high-interest chequing account with no monthly fees, a credit card, and an international money transfer service. In addition, Wealthsimple also offers a pay-what-you-want tax filing software and a wide range of registered accounts, such as TFSAs, RSPs, and FHSAs. The company's value proposition is its ability to combine technology with human advice, providing a seamless digital experience while still offering access to a team of financial advisors for clients with larger accounts. By forgoing a physical branch network, Wealthsimple significantly reduces its operational costs, allowing it to offer services with competitive fees and higher interest rates than many traditional banks.

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