Toronto-based fintech giant Wealthsimple has announced a major hiring expansion in Alberta, tapping into the province’s deep pool of talent as it continues its rapid growth.
The company, which has already doubled its Alberta workforce in the past year, plans to triple the number of full-time employees in the region by the end of 2025.
This expansion will bring Wealthsimple’s Alberta-based workforce to 105 employees, accounting for approximately 10% of the company’s total workforce. Roles being actively recruited include positions in engineering and product development, client experience, sales, and operations.
“There is so much amazing talent in Alberta and we’re excited to continue growing in the province,” said Diana McLachlan, Head of People Operations at Wealthsimple. “With over 3 million Canadians trusting Wealthsimple with their finances, we need more people who want to solve real-world problems, enhance financial services for Canadians, and be part of building a great company.”
Wealthsimple’s localized hiring strategy will play a key role in the development of financial products tailored to the specific needs of Albertans. Alberta is home to the youngest population of any Canadian province and boasts the highest average income in the country. These demographics have led more than 400,000 Albertans to choose Wealthsimple as their trusted partner in building generational wealth.
The government of Alberta and Invest Alberta have both expressed strong support for Wealthsimple’s ongoing investment in the province. Matt Jones, Alberta’s Minister of Jobs, Economy, and Trade, highlighted the significance of Wealthsimple’s growth: “By expanding more of the Wealthsimple team into Alberta, they are tapping into our highly-skilled workforce and contributing to our vision of making Alberta a hub for fintech. This growth will empower more Albertans to achieve their financial goals and build a brighter future.”
Wealthsimple’s Alberta expansion follows a milestone announcement last month, when the company celebrated its tenth anniversary by surpassing $50 billion in assets under administration. Alberta has played a significant role in that achievement, with nearly 12% of Wealthsimple’s total assets now coming from clients based in the province. The company’s assets in Alberta have more than doubled over the past year alone, reflecting the growing demand for its fintech services in the region.
With a strong foothold in Alberta and ambitious plans for continued growth, Wealthsimple’s expansion signals its ongoing commitment to revolutionizing financial services for Canadians while contributing to Alberta’s growing technology and innovation ecosystem.
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