WealthSimple is an investment management app and website. Wealthsimple invests your money automatically in diversified ETFs (exchange-traded funds). Their focus is on the low-cost index funds to help keep your front-load expenses and total expense ratios down. After completing a brief questionnaire, Wealthsimple will put together a recommended portfolio that they handle for you. They take into account your age, income, net worth, and risk tolerance. If you agree and fund your account, Wealthsimple then manages the funds, rebalancing as necessary to keep you on track.
Now the app is offering an incentive to invite new friends. If you invite three people this month, you can get a $500 bonus. First you need to have an account yourself. You can use my referral link to sign up.
To earn the $500 bonus:
- Invite friends to Wealthsimple between now and Oct. 31
- If 3 (or more) friends sign up and make a minimum deposit of $250 by Oct. 31, they’ll invest $500 into your account
It’s a win-win: you receive $500 added to your Wealthsimple account and you’ll both get $10,000 of investments managed free for a year.
- Offer available until Wednesday, October 31st, 2018 at 11:59PM EST.
- The Applicant(s) must accept your invite and open a new Wealthsimple account and deposit a Minimum Balance of $250 USD during the Promotional Period
- The Applicant must maintain the Minimum Balance in their account until December 31, 2018, or the Client is subject to have the Bonus withdrawn from their account
- The $500 Bonus will be applied to the Client’s account within 5-7 business days of the end of the Promotional Period, if they have 3 referrals
- Read full terms here.
This is a sweet deal if you think you can get three people to sign up and invest $250. There’s no fee to sign up and you get $10,000 of investments managed free for a year. People you refer just need to keep the account open until December 31, 2018. So they can close it without ever paying a fee. Keep in mind that in the past they’re had a $50 signup bonus, so if you’re not inviting three friends, it’s best to wait for some kind of bonus.