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

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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

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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

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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

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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

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Journey Updates

Interview: New Partnership between Wealthica and CoinTracking

I recently sat down with Dario Kachel, CEO and Founder at CoinTracking, and Wealthica’s CEO Simon Boulet. Munich, Germany-based CoinTracking recently partnered with Wealthica; it is a platform that analyzes all your cryptocurrency transactions and generates in real-time a vast amount of useful insights such as the profit / loss of your trades, the value…

March 19, 20190Comments

Journey Updates

Announcing support for the new Wealthsimple API!

Connecting your Wealthsimple account to Wealthica has never been easier. Wealthsimple joins Questrade, WealthBar and Interactive Brokers in allowing their clients open access to their data through a secure API. This means you no longer need to enter your credentials when connecting your Wealthsimple account to Wealthica. If you already have your Wealthsimple account connected to…

March 12, 20190Comments

Wealthica Mobile

Journey Updates

Wealthica Mobile App Now Available

You’ve been asking for a mobile app for a long time. We’re happy to announce that it’s finally here! You can now track your entire net worth and investments on your mobile phone. Available for both Android and iOS, the new Wealthica App is the perfect companion to Wealthica’s web dashboard. Wealthica allows you to stay…

January 30, 20190Comments

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Department of Finance Canada Launching Public Consultation on Merits of Open Banking

The Department of Finance Canada has launched a public consultation on the merits of open banking. Concretely, what would open banking legislation in Canada mean for Wealthica users? It could enable easier access to your data through third party apps like ours, perhaps without even entering your credentials. Such would also regulate how data is…

January 22, 20190Comments

Journey Updates

Wealthica Team Members on their 2018 Milestones

It's nearly the end of the year and it's time to reflect on our successes as well as challenges. Instead of writing a typical year end recap, I asked several Wealthica team members and partners about their own experience in the last 12 months. Simon Boulet, CEO and Co-Founder "There was really two main goals for…

December 19, 20180Comments

Journey Updates

Wealthica Interviews ShareAlpha at the 2018 Canada Fintech Forum (Video)

On October 30 at the Canada Fintech Forum conference, I met with both Simon Boulet (CEO and co-founder of Wealthica) and Patrick Kuczynski, CFA (COO and co-founder of ShareAlpha, a platform for DIY investors). Last month, Patrick and his team launched an add-on for Wealthica users; the event at the Palais des congrès de Montréal…

November 7, 20180Comments

$10B Journey

Journey Updates

Wealthica at the 2018 Canada Fintech Forum (Video Interview)

The Canada Fintech Forum in Montreal is the biggest event of its kind in the country. Of course, the Wealthica team was there at the 2018 edition which took place on October 30 and 31. Simon Boulet, our CEO and co-founder gave a rare video interview in which we discussed his impression of the conferences,…

October 31, 20180Comments

Journey Updates

Support for Great-West and BMO adviceDirect, and Adjusted cost base (ACB) calculation

We are excited to announce the release of the latest version of Wealthica. This new release adds support for importing data from Great-West GRS and BMO adviceDirect, and fixes an outstanding issue that would prevent realized gains from being properly calculated. All transactions that did not have their realized gain set were reprocessed using the…

October 25, 20180Comments

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Journey Updates

Interview with Patrick Kuczynski, Co-Founder and COO of ShareAlpha

I sat down with Patrick Kuczynski, co-founder and Chief Operations Officer (COO) of ShareAlpha, a Montreal-based stock market investing tool that helps DIY investors find new investment ideas in seconds that match their investing style (I previously interviewed him last year on behalf of Fintech publication BankNXT). Patrick and his team recently developed an add-on…

October 9, 20180Comments

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Journey Updates

Financial aggregation: What’s in it for established banks? (A conversation with Simon Boulet)

I recently caught up with Simon Boulet, CEO and co-founder of Wealthica. This is a follow up to an interview Nuadox (a publication I manage) has published last March. We discussed the meaning of “Open Data”, recent changes in the Canadian Open Banking space and the potential benefits of financial aggregation for established financial institutions. Phil…

October 1, 20180Comments

Journey Updates

Add-ons and Google Sheets Export! Opening Wealthica to 3rd Party Developers

Today marks an important milestone for Wealthica, and in my opinion one of those "game changing moments" in the Canadian Open banking revolution. Wealthica is opening its platform to third-party developers, allowing anyone to make use of the data they have in Wealthica. We are also releasing the Google Sheets Export feature allowing our users…

July 26, 20180Comments

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Journey Updates

A Conversation with Software Developer and Wealthica Supporter Nicolas Delattre

I had an opportunity to sit down with Nicolas Delattre, a Montreal-based software developer and Wealthica supporter who released an unofficial mobile app using the Wealthica API (the application was authorized by the Wealthica team). He is the first Wealthica user to release an application that uses our API and we hope this encourages others…

July 4, 20182Comments

Journey Updates

Wealthica Celebrates its 3rd Anniversary!

Three years ago we embarked on this crazy journey to allow investors to take back control of their investment data. https://wealthica.com/blog/wp-content/uploads/2018/06/3rd-W.mp4 In early 2015, I sat down for a coffee with Eric Chouinard, one of my mentors, and now co-founder in Wealthica. I wasn't sure what do do; the two last startups I was involved with…

June 26, 20180Comments

Wealthica CEO to Speak at CFA Montréal’s “Fintech Series – The Future of Advice” Event

Simon Boulet, Wealthica's CEO, will be a speaker at the "Fintech Series - The Future of Advice" event on May 23 in downtown Montreal. Organized by CFA Montréal, the event will offer an overview of the rapidly changing financial advisory landscape due to technological and societal factors. It is open to both CFA and non-CFA…

May 8, 20180Comments

Journey Updates

Wealthica Now Supporting RBC Dominion Securities and BMO Nesbitt Burns

Today is a great day for Wealthica as we are announcing support for both RBC Dominion Securities and BMO Nesbitt Burns, two of the largest investment firms in Canada. In the last years our focus has been growing our users base exponentially by adding support for all the most popular investment platforms. Today thousands of investors…

April 19, 20180Comments

Wealthica’s Partner Hardbacon Launches iOS App

On February 8, Wealthica’s partner Montreal-based startup Hardbacon launched its iPhone app, aiming to democratize investing among younger population groups. The application is compatible with a number of online brokers including BMO InvestorLine and TD Direct Investing. It is designed to help users monitor their investments as well as to obtain real-time analysis of their…

February 12, 20180Comments

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Interview With Bill and Chris Bruner, Founders of Stockchase

I had the opportunity to sit down with Bill and Chris Bruner, a father and son duo that founded the successful DIY investors community Stockchase. Recently, Wealthica acquired Stockchase, with the intention of continuing their ground-breaking work. Hi Bill and Chris, nice to connect with the both of you. Can you please tell me a…

January 9, 20180Comments

Journey Updates

$1B Aggregated Investments and Counting!

It’s official: Wealthica has surpassed 1 billion dollars in aggregated investments and assets. The team is delighted to have met such milestone by year end. Last month coincided with a period of robust growth as 300+ new members were added. So... how did we achieve this? We had some help from Google! Google Finance…

December 19, 20170Comments

Investing Stock Investment Ideas

Wealthica + Stockchase: A New Way to Discover your Next Favourite Stocks

It’s official: Wealthica has acquired Stockchase, an established online community for DIY investors. There is a wealth of information collected on the site from investment experts; many years of comments have been captured and are easily accessible. The team at Wealthica has worked hard to modernize the site and improve the overall user experience. Today…

November 27, 20170Comments

Google Finance Axes Portfolio Feature, Wealthica to the Rescue

Google recently announced some changes to Google Finance and its Portfolio features. The full communication from Google can be found here. They announced that from November, the portfolio tracking feature will be discontinued. If you use Google Finance to track you portfolio you might be looking for some alternatives. Now that Google Finance is closing…

September 29, 20171Comment

Commented Finance Links

Commented Links

Are robo-advisors risky?

Moneysense's Jason Heath writing about risk and robo-advisors... Robo-advisors are not safe. Nor are they risky. A robo-advisor is simply a type of investment company. Like mutual fund companies. And sometimes people irrationally think mutual funds are either safe or risky as well. They are. And they are not. I've been asking myself how robo-advisors clients…

September 12, 20170Comments