GROUNDFLOOR vs WealthSimple
GROUNDFLOOR is a crowdfunding platform for passive investors looking for short-term real estate debt investments. How does it compare to WealthSimple? Read our comparison chart below.
GROUNDFLOOR is a real estate investing and lending platform. It offers real estate notes and loans that investors can fund to earn interest. The minimum investment is only $100 and there's no accreditation required.
While WealthSimple offers auto-investing with support from real advisors, including a free portfolio review of all your finances. However, fees are higher at 0.5% for accounts $100k and less (and 0.4% for accounts over $100k). It also stands out by offering socially responsible and Halal investment options. There is no minimum to open an account.
Compare GROUNDFLOOR with WealthSimple, side-by-side.
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| Visit Site | Learn More | |
GROUNDFLOOR | WealthSimple | |
|---|---|---|
Invest in Real Estate with $100 - | Wealthsimple Cash Account - | |
Benefits and Features | ||
| Annual Fee | 0.5-1.0% management fee with Flywheel Portfolio | 0.5% for accounts up to $100k; 0.4% for accounts over $100k |
| Minimum Deposit | ||
| Phone Support | Yes - M-Th 9a-8p ET; Fri 9a-5:30p ET | |
| Live Chat Support | ||
| Email Support | ||
| Investment Types | ||
| Human Advisors | ||
| Robo Advisor |  | |
| Accredited Investor Requirements | ||
| Assets Under Management | ||
| Minimum Investment | ||
| Tax Loss Harvesting | Available for accounts over $100,000 | |
| Goal Tracker | ||
| Automatic Deposits | ||
| Online Platform | ||
| iPhone App | ||
| Android App | ||
| Dividends | Weekly repayments with the Flywheel Portfolio | |
| Investment Period | ||
| Fractional Shares | ||
| Taxable Accounts | ||
| 401k Plans | ||
| IRA Accounts | ||
| Roth IRA Accounts | ||
| SEP IRA Accounts | ||
| Trust Accounts | ||
| 529 Plans | ||
CreditDonkey® Reviews | ||
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| Minimum Deposit |  | |
| Commissions and Fees | | |
| Customer Service |  | |
| Ease of Use | | |
| Liquidity | | |
| Pros & Cons | Pros:
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| Bottom Line | Crowdfunding platform for passive investors looking for short-term real estate debt investments... | |
| Visit Site | Learn More | |
| Terms Apply. | ||
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. GROUNDFLOOR: Investments carry risk and may lose value. Not an offer or solicitation to purchase securities. Please consult the Offering Circular and related SEC filings before making an investment decision. | ||
Invest in Real Estate with $100
- Short-term real estate investments lasting just 6-18 months
- Open to non-accredited investors
- Low fees
Short Term High-Yield Real Estate Debt Investments
Groundfloor offers short-term, high-yield real estate debt investments to the general public.
Still need help deciding which investing is better? Read the in-depth reviews below. You may also be interested in comparing GROUNDFLOOR or Fundrise.
Articles on GROUNDFLOOR
Groundfloor Review
Which Do You Think is Best?
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