A modern group retirement fund that lets your employees invest in cryptocurrency while managing risk.
Our Wealthsimple Work product is offered by Wealthsimple Inc., a registered portfolio manager in each province and territory of Canada. Assets in your W4W account are held in an account with Wealthsimple’s affiliated custodial broker, Canadian ShareOwner Investments Inc. (“ShareOwner”). ShareOwner is a member of the Investment Industry Regulatory Organization of Canada. Customer accounts held at ShareOwner are protected by CIPF within specified limits in the event ShareOwner becomes insolvent. A brochure describing the nature and limits of coverage is available upon request or at CIPF. Wealthsimple is not a member of IIROC nor a member of CIPF.
With any investment, your capital is at risk. The value of your portfolio with Wealthsimple can go down as well as up and you may get back less than you invest. Past performance is no guarantee of future results. Read our (investment risk disclosure) for more information.
By using this website, you accept our (Terms of Use) and (Privacy Policy). Copyright 2021 Wealthsimple Technologies Inc.
Designed for the modern employer
We make investing easy - Take the questions out of investing with an accessible and award winning online investment tool.
Access expert financial advice - Employees get advice anytime and at their convenience. No visits to a bank branch needed.
Admin Portal - Central hub for managing employees, plan details, and reporting.
Employers across Canada trust Wealthsimple
On-demand access to financial experts
Why employees love Wealthsimple
Award-winning client experience
Low and transparent fees,
with no minimums
Help employees save for the future
More money in your employees' pocket - Sollars are contributed pre-tax, which means your employees receive more of their paycheque throughout the year.
Set and forget - Employees set contributions directly from their paycheque that get automatically invested.
Investing for all - We combine user-friendly digital tools and personal financial advice to make smart investing accessible to everyone.
Work with dedicated and established Financial Advisors
On-demand - Easy to use online investing platform and access to your financial advisor offering 1:1 calls, portfolio reviews, webinars and more.
Human touch - Your dedicated Wealthsimple advisor has been vetted by Wealthsimple and can help your employees diagnose their finances - not just investments, but also buying a home, managing debt or setting financial goals.
Flexible fee schedule - Whichever service you may be looking for, we will have the right fee structure for you
Dedicated support
Easy-to-use self-service platfom
Simple onboarding
Why employers trust Wealthsimple
Ready to reward employees with an investing experience they'll love?
Get in touch to find out why employers across Canada are choosing Wealthsimple for Work.
Want to be first in Canada to offer this unique benefit? Talk to our team today!
Top talent: Create recruitment buzz by adding a unique financial wellness benefit that helps you stand out from other employers.
Employee retention: Give your people one more reason to stay at your organization by offering a benefit they can’t get anywhere else.
Enrollment rates: More options, more excitement about your total rewards package. Get more from your investment in the program while helping employees save for the future.
Canada's First
Group Retirement Fund
with Cryptocurrency
What is a crypto ETF?
A cryptocurrency exchange-traded fund (ETF) is similar to a “regular” ETF in that it also lets someone invest in an index or basket of assets, except that a portion or all of that basket is made up of digital tokens (or cryptocurrencies). That means you can buy a single crypto fund on the stock market and get exposure to the price movement of cryptocurrencies while also holding other, more traditional retirement assets within the same account. Cryptocurrencies cannot directly be placed in a registered account, whereas crypto ETFs can, which is why we include crypto ETFs in these retirement funds.
What portion of an employee’s retirement fund will be invested in the crypto ETF?
Up to 3% of the retirement fund deposits will be invested in crypto ETFs, depending on the risk level you choose. You can see how much cryptocurrency is in your account at any time by looking at your holdings information in the app or desktop platform. If the total value of cryptocurrencies declines below that amount, we will allocate more of the employee’s subsequent retirement deposits to cryptocurrencies. However, we will not sell other existing assets in the portfolio to buy more cryptocurrency should it decline in value. This is a part of managing the risk and ensuring that, even if the value of cryptocurrencies declines severely and permanently, employees who choose this portfolio will still be able to reach a good retirement outcome.
Is this a riskier investment strategy than “regular” retirement funds?
Yes, cryptocurrencies are riskier than regular retirement funds because they have a wider range of potential outcomes. They can also appreciate and depreciate in value quickly. This is where Wealthsimple’s expertise comes in. We have designed risk management technology that’s customized for cryptocurrency’s unique features as an asset class and our institutional investors work to mitigate risk by sizing the cryptocurrency position within the ETF. This combination of technology and financial expertise means that even if employees see extremely bad long-term cryptocurrency returns, their total retirement assets won’t be affected too much.
What exactly is your approach to risk management within this portfolio?
We’ve customized our unique approach to risk management within this fund so it’s specific to the fluctuations of cryptocurrency. Wealthsimple will only fund crypto purchases with a small percentage of deposits. We also won't sell stocks to buy more cryptocurrency if the price declines, which helps you maintain a good retirement outcome regardless of cryptocurrency’s long-term performance. Instead, we cap the overall crypto risk and take profits if it appreciates rapidly. This allows you to capture the unique opportunity for returns, while managing the risk.
Who would be interested in having a crypto ETF allocation in their retirement portfolio?
Employers may find that many younger employees are eager to get into crypto investing, as well as informed investors who already have some knowledge and experience in crypto markets. Offering this unique benefit is a great way to both attract and retain this top talent, as well as allowing them to invest thoughtfully in their future.
Why is Wealthsimple adding this portfolio to their offering?
We’re expanding our portfolio offering with this crypto fund because many Canadian workers are more excited about investing in crypto than investing in a traditional retirement fund, due to the potential upside of this transformational market. We are always looking for ways to help more Canadians invest for retirement while managing the risk of investing so this was a natural next step.