Fintech

Drake and Ryan Reynolds value Wealthsimple at $5 billion!
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Iconic investors, blockbuster valuation.

Fintech

Mogo, Moka, some Montreal players and the El Mocambo's Michael Wekerle
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From zero to $50m exit in 4 years.

Fintech

Wealthsimple is leaving the US...is still bloated
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This post is only for those of you who follow Wealthsimple. I am the world’s foremost Wealthsimple expert, people depend on me. And this story may bring schadenfreude to some, which is an important feeling, especially during these difficult times. Wealthsimple has announced the transfer of its US business

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The need for an Apex Allocator
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A thought piece on changes in the investment industry.

NoBull Klev

Mike Katchen started it
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Is Mike Katchen as affable as everyone says?

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Are Wealthsimple and Allianz really BFFs?
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In the four months I have been paying attention to Wealthsimple, no one - with the possible exception of Mike Katchen - has done more to refocus the company on the bundling opportunity in Canada than me. I think the banking product they launched this week is the best everyday

Fintech

Wealthsimple, OPM Wire and The Globe are caught in a Mexican standoff
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Wealthsimple is employing some Trumpian exaggeration tactics.

Fintech

Wealthsimple's new initiatives in banking and crypto
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OPM Wire was first to report on these major new initiatives by Wealthsimple.

Fintech

Philip Fayer of Nuvei - Move over Mike Katchen, there's a new king of fintech - with unicorn status
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A financing last week minted Canada’s first fintech unicorn. Nuvei, a Montreal based payments processor, raised US $270 million at a US $2 B valuation. Nuvei was started by Philip Fayer in 2003, when he was 24 years old. Philip started the company while taking some time off from

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What Wealthsimple can learn from Kevin O'Leary
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Fred H. Mannix is a new billionaire scion in fintech land
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Wealthy heir joins Accelerate in biz dev role.

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The Wealthsimple founders before Wealthsimple
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The three co-founders of Wealthsimple.

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Is Dave Nugent still Chief Investment Officer of Wealthsimple?
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Let me start by telling you about a pivotal event that happened at the foundation of Wealthsimple.  In Canada, in order to have a license to manage discretionary money, you generally need two things: real experience in the field and an educational certification (either the CFA or a more local,

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Are Koho, Wealthsimple and Power one happy family?
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As I promised last time, I am moving on from Wealthsimple to talk about Koho.  As it happens, Koho also has the Power / Portage group as a majority investor and even has Michael Katchen as a director, so I will still need to talk a bit about Wealthsimple.  But how

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Forgive me for saying this, but Wealthsimple is one of the more bloated robo-advisors
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The central tenet of passive investing is that lower fees are the surest path to satisfactory performance.  Pioneer John Bogle took many steps to achieve this, such as setting up a mutual structure (ie the investing clients own the management company) or being based out of suburban Philadelphia.  Here's a

Fintech

Wealthsimple's global ambitions are - to date - a flop...we have the numbers
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In 2018, Wealthsimple founder Michael Katchen penned an essay saying "Canada is bad at thinking big". Wealthsimple launched in the US in January 2017.  By then, US robo-advisors had been around since 2008.  So it was pretty bold of Wealthsimple to try to break into that competitive market. Let's check

Fintech

What Wealthsimple acquiring SimpleTax means and why tax preparers are the urologists of the financial world
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UK fintech unicorn Revolut is coming to Canada
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Revolut - the UK based digital only bank unicorn - had been quieter for several months, its global expansion plans somewhat stalled. But today, it announced that it is going ahead with expanding into 24 new markets through a new global deal with Visa. It aims to hire 3,500

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