Wealthsimple Set to Launch Mutual Fund Investment Firm

According to the Globe and Mail, Toronto’s Wealthsimple is set to announce the launch of their own mutual-fund investment firm, armed with a suite of in-house advisors.

The new service will be called Wealthsimple Advisor Services and it is registered with the Mutual Fund Dealers Association (MFDA), the organization that provides oversight and regulations for investors.

According to documents from MFDA, Wealthsimple has been registered since October 4th.

Running as an independent firm under a parent banner, Wealthsimple Advisor Services will allow licensed advisors to manage portfolios including ETFs.

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