At the event, Wealthsimple co-founder and Chief Product Officer Brett Huneycutt said around 700,000 people registered to watch the event via livestream.
The new products and features include an AI assistant that can move money and place trades, a Canadian-dollar stablecoin, an advanced trading platform, a rebuilt mobile app, and more.
Four of the 12 are available now, and the rest are scheduled for late November, the end of this year, or early 2027.
Here’s what Wealthsimple announced, with the timing it gave.
At a glance
Penny and outside AI connections
Wealthsimple says its AI assistant, Penny, looks at a client’s finances and turns their goals into actions.
In an example shared with MoneySense, a client tells Penny to “max out my RRSP by March.” Penny checks across linked financial institutions, sets up recurring investments, and adapts if the client’s situation changes.
It can also send e-Transfers and wires, flag duplicate card charges, manage expenses, pay invoices, and help buy and sell stocks, ETFs, and other assets. Wealthsimple says Penny never completes an action without client confirmation and that client information stays on its platform.
The fintech giant will enable clients to securely link their Wealthsimple accounts to AI tools like ChatGPT and Claude, and choose how much access each gets. Each connection needs client approval at setup and that critical actions get an extra check.
It’s expected in early 2027.
Moving money
This feature lets clients send up to $100,000 instantly to other Wealthsimple clients. The company says that’s 33 times more than most big banks typically allow per e-Transfer.
It’s available now.
Wealthsimple clients who hold prepaid or credit cards will have temporary virtual cards by the end of this year, being able to hold up to five at a time, each with its own card number, custom expiry and spending limit, and use them in the app or a digital wallet.
The cards add fraud protection and can support “agentic payments,” meaning purchases made by AI tools.
This card has no foreign exchange fees and 1% cash back on every purchase, plus any business can apply. It’s due in early 2027.
Wealthsimple already offers a prepaid Business Visa.
Trading
In the trading sphere, Wealthsimple Pro brings positions, watchlists, and Level 2 market data into one trading platform inside the Wealthsimple app. It’s expected to launch in late November.
