Wealthsimple offers 3x CDIC insurance coverage

TORONTO, ON (May 17, 2023) - Wealthsimple, the money management platform on a mission to help Canadians achieve financial freedom, today announced it is tripling CDIC deposit insurance on clients' funds their Cash accounts, up to $300,000.

This new coverage limit is designed to help Wealthsimple clients feel more secure and confident that their savings are protected.

Previously, Canadians looking for more than $100,000 in deposit protection on their cash would have to open multiple bank accounts with CDIC member institutions — a time-consuming hassle. However, by working with several CDIC member institutions to hold cash deposits in trust, Wealthsimple is expanding CDIC coverage for our clients up to $300,000.

_{About Wealthsimple}

_{Wealthsimple is one of Canada’s fastest growing and most trusted money management platforms. The company offers a full suite of simple, sophisticated financial products across managed investing, do-it-yourself trading, cryptocurrency, tax filing, spending and saving. Wealthsimple currently serves 3 million Canadians and holds over $30-billion assets. The company was founded in 2014 by a team of financial experts and technology entrepreneurs, and is headquartered in Toronto, Canada. To learn more, visit www.wealthsimple.com.}

_{Contact: press@wealthsimple.com}