With the rollout of Wealthsimple Black, clients with account values between $100,000 and $250,000 will now enjoy lower management fees (0.40% instead of 0.50%).

The management fee tier of 0.35% for clients with $1,000,000 and up has been eliminated, although it's still being honoured for those who were eligible for it prior to the fee change.

No changes have been made to the MERs of the underlying funds.

The calculator has been updated to reflect the new fees, although we haven't yet been able to successfully model the fact that the first $5,000 on deposit is always free (which amounts to an annual difference of -$20).