The Globe and Mail reports in its Thursday edition that on-line financial services provider Wealthsimple Technologies has surpassed $100-billion in assets three years ahead of schedule as soaring markets entice more Canadians to pour money into on-line trading accounts. The Globe's Clare O'Hara writes that on Wednesday, chief executive officer Michael Katchen told an audience in Toronto that the financial services company passed $100-billion in assets under administration this month -- up from $52-billion a year ago and $31-billion at the end of 2023. The surge in assets has followed an explosive trend of Canadian investors looking to take ownership of their own savings and retirement. With the rise of social media financial influencers, a younger demographic and booming stock markets, more than 2.9 million Canadians opened trading accounts in the 12 months ended June, 2025, according to Investor Economics. Discount brokerage Questrade has also seen its assets under administration spike this year, up to $85-billion this month. Wealthsimple is majority-owned by Power Corp. of Canada and serves about three million clients. As of June 30, Power Corp. valued its 54.2-per-cent stake in the company at $2.7-billion.