Wealthsimple for Advisors announced March 6 that it has formed a partnership with Forstrong Global Asset Management to enable financial advisors using its platform to invest their clients' assets in any of Forstrong's seven actively managed investment strategies.

Forstrong has managed globally balanced ETF portfolios since 2001. Through Wealthsimple for Advisors, advisors can invest client assets in Forstrong portfolios with no minimum account size and no trading fees.

Investment advice industry is undergoing a shift

"The investment advice industry is undergoing a shift in which the drive to lower costs is very important," said Dave Nugent, Head of Investments, Wealthsimple for Advisors. "We can achieve significantly greater efficiencies through technology, creating a great experience for both the client and the advisor, regardless of their investment strategy."

"Wealthsimple's platform is a great solution for efficiently delivering our investment strategies to advisors of any dollar amount," said Tyler Mordy, President and Chief Investment Officer, Forstrong Global. "Through this partnership, we can focus on delivering the best risk adjusted returns to our clients."