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Barcha huquqlar himoyalangan.
69.01
0.00 (0.00%)
Wealthsimple holds $155.6 billion for 3.6 million clients. Assets are up 84% in one year. The second quarter alone added $30.8 billion, with roughly $17 billion of that arriving as net inflows. $155.6 billion in assets under administration puts Wealthsimple in the top three or four brokerages in Canada. Wealthsimple turned profitable about two years ago, so this is a business still early in its margin story. At a 10% to 20% net margin, $1 billion of revenue produces $100 million to $250 million of net income.
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