Wealthsimple Portfolio Migration

In June 2021 Wealthsimple transferred its existing US customer accounts to Betterment. The account transfer involved (i) the assignment by Wealthsimple US, Ltd., an SEC registered investment adviser, of each customer’s investment advisory agreement and account to Betterment LLC, an SEC registered investment adviser, and (ii) the transfer of each customer’s related brokerage account from Apex Clearing Corporation, an SEC registered broker-dealer and FINRA member clearing firm, to MTG LLC d/b/a ...

Wealthsimple transfer

For Wealthsimple customers transferring their assets

Basics

In June 2021 Wealthsimple transferred its existing US customer accounts to Betterment. The account transfer involved (i) the assignment by Wealthsimple US, Ltd., an SEC registered investment adviser, of each customer’s investment advisory agreement and account to Betterment LLC, an SEC registered investment adviser, and (ii) the transfer of each customer’s related brokerage account from Apex Clearing Corporation, an SEC registered broker-dealer and FINRA member clearing firm, to MTG LLC d/b/a ...
Read More