Worthy vs Wealthsimple
The Wealthsimple alternative built for net worth tracking
Worthy
$16.99
One-time purchase. Free for up to 5 assets.
Wealthsimple
Free
with managed-account upsell
What Wealthsimple is, honestly
Wealthsimple is an investing and banking platform that includes a basic net worth view as a side feature. If you're not in Canada, or you want a tracker that handles real assets like mortgages properly, Worthy is purpose-built for the job.
Where Wealthsimple wins
Real strengths, no hedging.
Investing & robo-advisor services
Banking / chequing account
Where Worthy wins
Also no hedging.
100% offline & private
No bank connection required
Available worldwide (not just Canada)
Mortgage with amortization & payoff
Detailed liability tracking (loans, cards, auto)
Side by side
| Feature | Worthy | Wealthsimple |
|---|---|---|
| One-time purchase (no managed-account upsell) | Free (with upselling) | |
| 100% offline & private | ||
| No bank connection required | ||
| Available worldwide (not just Canada) | ||
| Net worth tracking | Barebones | |
| Mortgage with amortization & payoff | ||
| Detailed liability tracking (loans, cards, auto) | ||
| Asset & liability tracking | Limited | |
| Stock & crypto price updates | ||
| Investing & robo-advisor services | ||
| Banking / chequing account |
Which one is for you
Choose Worthy if
- You want your net worth kept current without linking your bank
- You want your financial data to stay on your device
- You prefer a one-time purchase to a subscription
Choose Wealthsimple if
- You need investing & robo-advisor services
- You need banking / chequing account
Switching from Wealthsimple
- 1
Note your current balances
You only need today's numbers to start: each account, investment, property and debt.
- 2
Add them to Worthy once
Stocks, ETFs and crypto update their prices automatically, mortgages amortize on schedule and savings accrue interest, so most numbers stay current without any bank connection.
- 3
Backfill the history you care about
Add past values month by month on the history timeline, so your net worth chart shows the journey you were on before you switched.
Wealthsimple vs Worthy FAQ
Does Wealthsimple have a real net worth tracker?
Wealthsimple has a basic net worth view, but it's a side feature of their investing app. Mortgages are entered as a single value rather than calculated from principal, interest rate, and payments - so you don't get amortization, payoff dates, or interest projections. Worthy is purpose-built for this and handles loans properly.
How does Worthy handle mortgages compared to Wealthsimple?
In Wealthsimple you type in one number for what you owe and update it manually. In Worthy you enter the loan terms (principal, rate, term, monthly payment) and the app calculates your remaining balance, interest paid, and payoff timeline. The same applies to auto loans, student loans, and credit cards.
Is Worthy a good Wealthsimple alternative outside Canada?
Yes. Wealthsimple's investing and banking products are mostly Canada-only, and the net worth feature is tied to their app. Worthy is available worldwide, doesn't require a brokerage account, and works as a standalone tracker no matter where you live.
Can I use Worthy alongside Wealthsimple?
Many people do. Keep Wealthsimple for investing or banking if it works for you, and use Worthy as the actual net worth tracker - especially if you have real estate, a mortgage, or liabilities that Wealthsimple's simple field-entry can't model accurately.