Wealthsimple
Canadian investment management company
Wealthsimple Inc. is a Canadian online investment management service. The firm was founded in September 2014 by Michael Katchen, Brett Huneycutt, and Rudy Adler and is based in Toronto. As of October 22, 2025, the firm holds over C$100 billion in assets under administration. It is primarily owned by Power Corporation, which holds a 52.4% undiluted stake aggregated through three entities: its wholly-owned subsidiary (Power Financial), its majority-owned subsidiary (IGM Financial), and its controlled alternative asset platform (Sagard's Portage Ventures).
History
Pre-founding
Prior to founding Wealthsimple, Michael Katchen worked for 1000Memories, a Silicon Valley–based startup. After Ancestry.com bought 1000Memories in 2012, Katchen developed a spreadsheet with tips to help his colleagues set up investment portfolios. Interest in the spreadsheet helped inspire the idea for Wealthsimple. In 2014, he returned to Toronto to launch the company.
2015 acquisition of Canadian ShareOwner Investments Inc.
The public source identifies “Wealthsimple” as canadian investment management company. This brief keeps that definition visible, then builds a research path around Wealthsimple, Canadian and investment.
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Contemporary correspondence, administrative files and participant testimony can test how later narratives organized the event or institution. The source revision retrieved here is dated Sep 1, 2026. The linked authority identifier is Q24521620. 1 of 2 selected statements include explicit references; 1 carry qualifiers and 0 use preferred rank. The first chronological checks are 2014, 2025, 2012 and 2015.
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This entry incorporates text from “Wealthsimple” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.