We make transferring an existing GRSP easy and simple. We handle everything form A to Z and keep you informed of our progress throughout the way. When you choose to move your plan to Wealthsimple for Work, our team will be in touch with a clear list of next steps for a smooth transfer.
In general, there are three steps to transferring a GRSP:
- Communication to your former service provider and to your employees (we assist you with this part).
- Open GRSP accounts at Wealthsimple (we assist your employees with this part).
- Transfer assets from your former service provider to Wealthsimple (we handle this part).
Administration fees reimbursement policy:
If you decide to transfer your existing Group plan to Wealthsimple, we will cover the admin fees of the bulk transfer for your employees. Please note that Wealthsimple doesn't reimburse Deferred Sales Charges (DSC fees), Low Load Fees (LL fees), trading fees, or commission fees. Multiple partial transfer fees for one account will not be accommodated. Transfer fee reimbursement doesn't apply to advisor-referred clients.
New to Wealthsimple for Work? Book a call with us to learn more about offering group plan to your company.
Already using our platform? Please contact us at firstname.lastname@example.org for support.