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Wealthica's Journey to $100BWe share everything on our journey to $100B aggregated net worth.

Journey Updates Uncategorized

Connect your Wealthica

We've been working hard to enhance our product capability and our aggregation offering for developers and other Fintech apps for Canadians. If you are a developer, have a look at Wealthica for Developers. We are happy to announce 3 third-party apps that now work with Wealthica. …

April 26, 20210Comments

ByBilly Kawasaki

wealthica v2 preview

Journey Updates

Introducing Wealthica V2

We're happy to announce that we are about to launch we're launching a huge enhancement for the desktop application that we call V2. Wealthica V2 features an enhanced design, better filtering options and lots of new features on the Holdings page. We've also made it easier to distinguish your regular banking from your investments…

January 28, 20210Comments

ByBilly Kawasaki

Help and How To

How to buy stocks in Canada? The DIY Investing, Advisors or Robo Dilemma

Are you ready to start investing your hard earned money so your money works just as hard for you? You might be wondering how to buy stocks in Canada and where to start on your DIY Investing journey. But, do you really have to do it yourself? There are a variety of different resources…

November 3, 20200Comments

ByMelisa Hernandez

FDATA North America Releases Report On Competition Issues Around Open Banking in Canada

On July 17, the Financial Data and Technology Association (FDATA) of North America released a paper on competition issues around customer-directed finance (often referred to as "Open Banking") and the financial data access competitive landscape in Canada. The paper’s release coincided with a virtual presentation by FDATA North America Executive Director Steve Boms, Senator Colin…

July 22, 20200Comments

Banking+Investment: Effortlessly Track All Accounts In One Place

We're bringing you even more ways to effortlessly track all accounts in one place. Late last year, we quietly introduced support for banking institutions as a beta, so you could track your global wealth across all your financial accounts. This feature enables you to add your regular bank accounts, credit cards, and investments you hold within…

June 8, 20200Comments

Help and How To Investing

Use the Wealthsimple API to Do More: Wealthsimple and Wealthsimple Trade Enhanced

Connecting your Wealthsimple account to Wealthica has never been easier. The Wealthsimple Trade and Wealthsimple API allow you to easily connect your account to Wealthica securely with just a few clicks. This means you no longer need to enter your credentials when connecting your Wealthsimple account to Wealthica, securely giving you instant control over your…

March 9, 20200Comments

Help and How To

Questrade API and the App Hub – Quickly Export Transactions to Google Sheets

Questrade is the most popular Canadian online brokerage, an independent company recommended by thousands of online reviews and real users. We selected it as the Best of All Canadian Brokerages in Stockchase's Questrade vs Others comparison of all Canadian brokerages. We also wrote a full Questrade Review on Stockchase. One of our favourite features on Questrade is…

February 18, 20200Comments

Tax Season

Journey Updates

It’s Tax Season! Here’s how Wealthica can help

The last product update was about Wealthica being free, teaming up with Finance Montréal and Wealthscope scorecard. This month, it's all about tax season! Tax Season Tax season is coming up, and it’s important for investors to have a simple way to declare taxable gains and transactions. For TFSAs and registered accounts such as RRSPs…

February 17, 20200Comments

Move Over ‘Open Banking’, Say Hi to ‘Consumer-Directed Finance’

About a year ago, I reported on the Department of Finance Canada launching a public consultation on the merits of open banking. On January 31, 2020, Minister of Finance, Bill Morneau, released the findings from the first phase of the review by the Advisory Committee and announced that the committee will go through a…

February 12, 20200Comments

Wealthica Welcomes Eric Lemieux

Eric Lemieux, former Senior Executive at Desjardins, Joins Wealthica

MONTREAL, Jan. 29, 2020 - Wealthica the largest financial aggregator in Canada and the only aggregator specialized in Canadian investment accounts is pleased to announce that Eric Lemieux has joined the leadership team. Eric Lemieux is also an investor in Wealthica. Eric Lemieux, a senior executive specializing in the financial industry has developed extensive experience notably…

January 29, 20200Comments

Automated Portfolio Rebalancing Coming to Wealthica, Thanks to Passiv

We are happy to announce a partnership with Canadian Fintech Startup Passiv, to automatically calculate trades and follow a target portfolio asset allocation. Rebalance Instantly Canadian Investors can use Passiv Lite for free within Wealthica. Wealthica makes it possible for self-directed investors to automatically load one's ETF portfolio into Passiv and calculate trades needed based on the…

January 24, 20200Comments

Help and How To

How to Succeed with Canadian Couch Potato Investing

Index investing, passive investing or Couch Potato investing is meant to reduce your costs (i.e. low management fees) while beating most of the mutual funds and/or advisor-managed accounts. The strategy is no secret: you choose a few low cost index-trade funds (ETFs) to create your own all-ETF portfolio according to your risk profile and…

January 23, 20200Comments

Journey Updates

Why is Wealthica Free? Happy New Year from Wealthica

Happy New Year! ? We’re happy to be starting off the year with a new product update for January. We’ve added several new add-ons to facilitate your investment management, announced a partnership with Fintech Station, and continue to improve your user experience on Wealthica. But before we go further into our product update, an early 2020…

January 14, 20200Comments

Help and How To

Instant Portfolio Analysis – The Secret to Exceed Your Financial Goals

Have you ever wondered if your portfolio is properly diversified and protected against downside? Wealthica is excited to announce the Wealthscope Portfolio Scorecard, available on Wealthica. The scorecard is available to all Wealthica users through a monthly or annual subscription. Interestingly, while it is not difficult to find individual stock or fund reports (most brokerages provide…

January 10, 20200Comments

Help and How To

How to Automatically Import/Export your Stocks Portfolio to Yahoo! Finance

Yahoo! Finance has a great app for stock quotes and news. You might like to use Yahoo! Finance mobile app to stay informed about the stocks you watch or own. Keeping your Yahoo! Finance watch list in sync with your actual portfolio might be a challenge. Wealthica solves this problem for you…

December 29, 20190Comments

Journey Updates

Wealthica + Montréal Fintech Station = Free API Access

Great news for the Fintech ecosystem in Canada! ? Free Wealthica API Access As an official partner of the Montréal Fintech Station, Wealthica has teamed up with Finance Montréal to offer free access to its API to tenants; meaning Fintech Station startups and developers will have the opportunity to integrate functionalities of Wealthica into their offering. Finance…

December 18, 20190Comments

Help and How To

LendingLoop Returns and Performance; Now Aggregated on Wealthica

Peer-to-peer lending (P2P) is a great addition to your investment portfolio with added diversification and monthly fixed-income. In Canada, the peer-to-peer lending leader is Lending Loop. Wealthica now allows you to consolidate your Lending Loop Returns and Performance with your full investment portfolio. Let's explore how Wealthica can help you track your Lending Loop…

December 9, 20190Comments

December Product Update

Journey Updates

Hurray! We’re at $5B

What's new for Wealthica in November December.... December is already here. ? It’s almost time for us to wish you a Merry Christmas and Happy New Year! Let’s put your Black Friday and Cyber Monday shopping lists aside for a few minutes and review what’s been happening in December for Wealthica. We're at $5B We won’t be bragging about…

December 2, 20190Comments

Wealthica PU October

Journey Updates

Now Tracking $4.5B, Banking Beta Testing, Wealthsimple Trade and More!

Let's start with some great news: We are now tracking more than $4.5B in aggregated investments! That's a lot of zeros : $4,500,000,000 Thank you all for trusting us with your investing data. With your support, we've reached $4.5B in aggregated investment value and it won't stop getting better. Hopefully, we'll be tracking $10B at the…

October 9, 20190Comments

Image of microphone

Journey Updates

Wealthica’s CEO Simon Boulet Featured on the Fintech Impact Podcast

In the 82nd episode of the Fintech Impact podcast, Jason Pereira, a well-known financial planner, university lecturer, writer, and host interviews Wealthica's co-founder and CEO Simon Boulet. We simply think this could be the best interview about Wealthica and Canadian Open Banking to date! https://soundcloud.com/fintechimpact/wealthica-with-simon-bolet Notable quotes: ● “We built Wealthica from the ground up: multi-currency, multi-language,…

August 21, 20190Comments

Wealthscope header image

Journey Updates

Interview: Wealthscope Releases Add-on For Wealthica

I recently caught up with Pauline Shum Nolan, PhD and CEO of Toronto-based PW Portfolio Analytics Inc., the maker of Wealthscope. Wealthscope has just released an add-on for Wealthica: a suite of portfolio tools and comprehensive analytics for Wealthica users to better understand and manage their investments. We discussed the history of the Wealthscope platform,…

August 8, 20190Comments

Image of purple world globe

Could Canada’s Digital Charter Be a Game Changer for Open Banking?

In May 2019, Navdeep Bains, Canada's federal Minister of Innovation, Science and Economic Development, announced a Digital Charter which enumerates 10 principles for modernizing the rules guiding digital technology in the country. There are two principles in it that are quite relevant towards the adoption of Open Banking. The third states “Canadians will have…

July 4, 20190Comments

Image of purple compass

Journey Updates

A Conversation with Elayamani Krishnamoorthi, Creator of the Portfolio Tracker Add-On for Wealthica

I had an opportunity to sit down with Vancouver-based software developer and Wealthica supporter Elayamani Krishnamoorthi. He is the author of the Portfolio Tracker Add-On for Wealthica, which enables users to compare their portfolio value against the total deposits made as of date. We discussed what attracted him to Wealthica, his reasons for conceiving the…

June 27, 20190Comments

Picture of purple boxed presents

Journey Updates

Celebrating 4 years of Wealthica, On Our Way to Tracking $4 Billion

Time flies! Today Wealthica celebrates its fourth anniversary. The team has worked hard and these are our bragging rights for this special occasion. The reality is you, the Wealthica users, make us feel like each day of Wealthica is an anniversary day. ? You promoting Wealthica either by email, on Reddit, Twitter, Facebook and other…

May 22, 20190Comments

picture of realized gains dashboard

Journey Updates

New Realized Gains Reports and the Power of Adjusted Cost Base (ACB)

Wealthica has recently enhanced its realized gains reports, now providing Adjusted Cost Base (ACB) to its users. In this article, we’ll brush up on those key concepts, and discuss the benefits of the ACB calculation method. Realized Gains 101 Capital gains are profits on an investment. When you sell investments at a higher price than what you…

April 16, 20190Comments