Wealthsimple is one of Canada's most popular fintech apps — and for good reason. It's made investing accessible with commission-free trading, managed portfolios, and a slick mobile experience.
But here's what Wealthsimple doesn't do: show you your complete financial picture.
Your Wealthsimple account only shows your Wealthsimple holdings. It doesn't show your TD chequing balance, your RBC savings, your BMO credit card, or your Scotiabank mortgage. It doesn't calculate your true net worth across all your financial institutions. And it doesn't track your daily spending patterns.
If you're searching for a Wealthsimple alternative — or a complement to it — you need an app that pulls all your accounts into one place.
That's exactly what Unified does.
Why Canadians Search for Wealthsimple Alternatives
Wealthsimple is excellent at what it does. But users hit these walls:
- No bank aggregation — you can't connect your TD, RBC, or BMO accounts to see everything together
- No spending tracking — Wealthsimple doesn't analyze where your money goes each week
- No cross-institution net worth — your "net worth" in Wealthsimple only reflects Wealthsimple accounts
- Investment-only focus — no visibility into chequing, savings, credit cards, or loans at other banks
- No privacy features — no balance masking or session timeout protection
If you want the full picture — investments, chequing, savings, credit cards, all together — you need something beyond Wealthsimple.
The Best Wealthsimple Alternatives for Canadians
1. Unified — Best Financial Dashboard for Canadians
Unified doesn't compete with Wealthsimple on investing. Instead, it fills the massive gap Wealthsimple leaves — seeing all your bank accounts in one secure dashboard.
What Unified gives you that Wealthsimple doesn't:
- Connect TD, RBC, BMO, CIBC, Scotiabank, Tangerine and more
- True net worth calculated across every account at every institution
- Weekly spending analytics with day-by-day breakdowns
- Transaction search across all your banks — search "groceries" and see every grocery purchase everywhere
- Balance masking — hide your numbers in public with one tap
- Auto-logout after 10 minutes of inactivity
- Built for Canadian banks — not adapted from a US app
Best for: Canadians who use Wealthsimple for investing but need a complete view of their finances across all banks.
2. Wealthica — Best for Portfolio Aggregation
Wealthica aggregates investment accounts from multiple brokerages (including Wealthsimple, Questrade, and others) into one dashboard.
Pros:
- Canadian-built
- Strong investment aggregation
- Connects multiple brokerages
Cons:
- Limited free tier
- Weak everyday spending tracking
- No balance masking
- No privacy features
Best for: Investors with accounts at multiple brokerages who primarily care about portfolio performance.
3. Questrade + Manual Tracking — The DIY Approach
Some Canadians switch from Wealthsimple to Questrade for lower-cost investing and track everything else manually.
Pros:
- Low-cost investing
- Full control
Cons:
- No aggregation
- No spending insights
- Requires spreadsheets for full picture
Best for: DIY investors who don't mind manual effort.
Unified vs. Wealthsimple: What's the Difference?
| Feature | Unified | Wealthsimple |
|---|---|---|
| Purpose | Financial dashboard & bank aggregation | Investing & trading |
| Price | $4.99/mo (7-day free trial) | Free (basic trading) |
| Canadian banks (TD, RBC, BMO, etc.) | All major banks | Wealthsimple accounts only |
| Net worth (all accounts) | Automatic across all banks | Wealthsimple holdings only |
| Spending analytics | Weekly + monthly | No |
| Transaction search (all banks) | Yes | No |
| Balance masking | Yes | No |
| Session timeout | Auto-logout | No |
| Stock trading | No | Yes |
| Managed portfolios | No | Yes |
| Crypto trading | No | Yes |
The Verdict
Wealthsimple and Unified aren't competitors — they're complements.
Use Wealthsimple to invest. Use Unified to see your complete financial picture — your Wealthsimple gains alongside your TD chequing, RBC savings, BMO credit card, and Scotiabank mortgage, all in one dashboard.
How Unified Works
- Start your free trial — email or Google
- Connect your banks — TD, RBC, BMO, CIBC, Scotiabank, Tangerine, and more via Plaid's secure infrastructure
- See everything — net worth, weekly spending, recent transactions, account statistics
- Search anything — find any transaction across all banks instantly
Setup takes less than 5 minutes.
Is Unified Safe?
| Security Feature | Details |
|---|---|
| Bank connections | Plaid (SOC 2 Type II certified — same as Venmo, Robinhood) |
| Password storage | Never — your bank handles authentication |
| Encryption | 256-bit, TLS 1.3 |
| Access level | Read-only — can never move your money |
| Privacy mode | Balance masking with 30-second temporary reveal |
| Session protection | Auto-logout after 10 minutes |
| Data deletion | Complete permanent removal on request |
FAQ
Can I use Unified and Wealthsimple together?
Absolutely — that's the ideal setup. Use Wealthsimple for investing and Unified to see all your bank accounts, spending, and net worth in one place.
Does Unified offer investment tracking?
Not yet. Investment portfolio tracking is on our roadmap. Right now, Unified focuses on bank account aggregation, net worth tracking, and spending analytics.
Which Canadian banks does Unified support?
TD, RBC, BMO, CIBC, Scotiabank, Tangerine, and many more through Plaid's Canadian banking network.
Does Unified store my bank password?
Never. All bank connections go through Plaid's secure infrastructure. Unified only has read-only access to your financial data.
See What Wealthsimple Can't Show You
Wealthsimple shows you your investments. Unified shows you everything else — your chequing, savings, credit cards, and loans across every Canadian bank, all in one dashboard.
All your banks. One view. Finally.
Unified is Canada's premier bank aggregation platform. Connect TD, RBC, BMO, CIBC, Scotiabank, and more in one secure, dashboard.
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