Wealthsimple for Advisors has partnered with Forstrong Global Asset Management to give financial advisers using its platform access to Forstrong’s investment portfolios.
Through this partnership, advisers will be able to invest their client’s assets in Forstrong's seven investment strategies with no minimum account size and no trading fees.
Forstrong is managing globally balanced ETF portfolios since 2001.
Wealthsimple for Advisors head of investments Dave Nugent said: "The investment advice industry is undergoing a shift in which the drive to lower costs is very important. We can achieve significantly greater efficiencies through technology, creating a great experience for both the client and the advisor, regardless of their investment strategy."
Forstrong Global president and chief investment officer Tyler Mordy said: "Wealthsimple's platform is a great solution for efficiently delivering our investment strategies to advisors of any dollar amount. Through this partnership, we can focus on delivering the best risk adjusted returns to our clients."