More than half a million 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
| Announcement | What it is | Availability |
|---|---|---|
| Penny | AI assistant that can move money and place trades with client confirmation | 2027 |
| ChatGPT and Claude connections | Link a Wealthsimple account to outside AI tools | Early 2027 |
| Wealthsimple Pay | Instant transfers of up to $100,000 between Wealthsimple clients | Now |
| Temporary virtual cards | Up to five disposable cards per client | End of 2026 |
| Business credit card | No FX fees, 1% cash back | Early 2027 |
| Wealthsimple Pro | Advanced trading platform with Level 2 market data | Late November |
| Faster trading | Orders placed and filled up to six times faster | Now |
| Commission-free CAD options | $0 commission on options for Canadian stocks | Now |
| Perpetual futures | Leveraged trading with no expiry date, 24/7 | Late November |
| CADD | Canadian-dollar-backed stablecoin | Late November |
| Direct indexing in existing accounts | Buy Wealthsimple’s four direct indexes in accounts you already have | Now |
| New mobile app | Rebuilt iOS and Android app with a customizable home screen | Early 2027 |
Penny and outside AI connections
Penny
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.
ChatGPT and Claude connections
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
Wealthsimple Pay
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.
Temporary virtual cards
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.
The Wealthsimple Business credit card
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
Wealthsimple Pro
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.
