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Alternative
A stronger alternative for modern money tracking
Compare the tradeoffs, try the interactive demo, then start a free trial if Clarity fits your setup.
Category page
Money Tracking App
The category-center page for people who need spending, net worth, investing, crypto, and taxes in one system.
- Built for fragmented finances, not one-account simplicity
- Spending, portfolios, crypto, and taxes together
- NFT gallery with collection grouping, floor prices, and collectible tax treatment
- The clearest category entry into the full product story
Explore money tracking
Investor wedge
Personal Finance App for Investors
A sharper wedge for self-directed investors and complex households who need cash flow and portfolio context together.
- Cash flow plus portfolio, allocation, and tax visibility
- Full DeFi dashboard with health factor monitoring and yield optimization
- Designed for people who outgrew budgeting-only apps
- The strongest fit page in the flagship cluster
See the investor angle
Aggregation promise
Track All Your Money
See every account in one place across banks, brokerages, retirement accounts, exchanges, wallets, and planning workflows.
- One system across account types, entities, and weekly reviews
- Useful for weekly reviews, planning, and tax prep
- Pre-filled IRS Form 8949, Schedule D, and Schedule 1 PDF generation
- Turns fragmented financial data into operational context
See all-account tracking
Net worth
Net Worth Tracker
Track net worth with cash, liabilities, portfolios, retirement accounts, and crypto in one operating view.
- Net worth with allocation, spending, and portfolio context
- Useful for reviews, planning, and tax-aware decisions
- Stronger than a bank-only or brokerage-only snapshot
Explore net worth tracking
Spending
Spending Tracker
Track transactions, recurring bills, merchants, budgets, and cash-flow shifts with the wider financial picture attached.
- Transactions, merchants, recurring, and budgets together
- Better for operational finance than a static bank feed
- Connects day-to-day spending back to the bigger system
Explore spending tracking
Why people switch from Wealthsimple
- Primarily Canada-focused — limited value for US investors
- No budgeting or spending features
- Robo-advisory charges 0.4-0.5% AUM on managed portfolios
- Primarily built around Wealthsimple-held accounts rather than broad external aggregation
- No multi-platform portfolio aggregation from external brokerages
Where Clarity is the better fit
- Investors holding assets across multiple providers who need a single dashboard covering banks, brokerages, and crypto.
- Banks + crypto exchanges + on-chain wallets in one dashboard
- AI-powered categorization with bring-your-own-key (BYOK) so users can route model traffic through their own provider
- Complete data deletion on account closure — your data is fully purged, not archived
Start from the Clarity page that best replaces Wealthsimple
The best switch path depends on why the current product stopped being enough.
You need a stronger money tracker
Use the broad money-tracking page if your current tool covers only one slice of your financial life.
You need investor-grade context
Use the investor page if the gap is portfolio visibility, tax workflow, crypto coverage, or all-account net worth.
You want proof before switching
Validate integrations, product surfaces, and related comparisons before moving your workflow.
Side-by-side comparison
Scored across 9 criteria. Sources linked where available.
| Criterion | Clarity | Wealthsimple |
|---|---|---|
| Account Coverage | 5/5 Aggregates banks via Plaid, crypto exchanges via direct API connections, and on-chain wallets via on-chain indexing. | 3/5 Covers Wealthsimple-managed accounts plus limited external account linking. No direct crypto wallet or exchange aggregation. |
| Sync Reliability | 4/5 Plaid connection reliability depends on institution; crypto syncs are direct API calls with retry logic. | 4/5 Managed accounts are first-party, which reduces handoff complexity. External links can lag. |
| Pricing Predictability | 4/5 Flat subscription pricing with no hidden fees or per-account charges. | 4/5 Transparent management fee (0.4-0.5%) with no trading commissions. Fee scales with AUM. |
| Data Freshness | 4/5 Syncs on-demand and via scheduled background jobs. Crypto balances update in near real-time. | 3/5 Managed account data is real-time. External linked accounts may have a delay of several hours. |
| Historical Depth | 4/5 Imports up to 2 years of transaction history via Plaid. Crypto history depends on exchange API limits. | 3/5 Full history for Wealthsimple-managed accounts. Limited history for externally linked accounts. |
| Export & Reporting | 4/5 CSV export, cost-basis reports, and portfolio snapshots available from the dashboard. | 3/5 Tax documents and monthly statements provided. No granular CSV export for custom analysis. |
| Privacy & Security | 4/5 Read-only connections, encryption at rest, no ad tech, and no data sales. BYOK AI keeps model traffic under user control, and closing an account triggers full data purge. | 2/5 Wealthsimple is a brokerage and managed-investing platform, which creates a different trust model from a read-only tracker. No AI features and no BYOK option. |
Who should switch (and who shouldn't)
Choose Clarity if…
Investors holding assets across multiple providers who need a single dashboard covering banks, brokerages, and crypto.
- Hybrid investors with both traditional and crypto assets
- Privacy-conscious users who want BYOK AI and full data deletion
- Users who need a single net worth view across all accounts
- Crypto holders who need cost basis tracking for taxes
Choose Wealthsimple if…
Canadian investors looking for a simple, managed portfolio with automatic rebalancing and tax-loss harvesting.
- Canadian investors wanting a local platform
- Beginners who want robo-advisor management
- Canadians who want commission-free trading
What users say
"Wealthsimple manages my RRSP, but Clarity is how I see everything together: my US brokerage, crypto, and Canadian accounts in one dashboard."
"I needed a single view across Wealthsimple, Questrade, and two crypto exchanges. Clarity was the only tool that connected all of them."
How to switch
medium15-30 minutes depending on number of accounts
- 1Sign up for Clarity and connect your Canadian bank accounts via Plaid.
- 2Add any crypto exchange API keys for exchanges you use.
- 3Connect on-chain wallets by entering public addresses.
- 4Review imported transactions and verify account balances match.
- 5Optionally export data from Wealthsimple statements for historical reference.
Frequently asked questions
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Ready to move on from Wealthsimple?
14-day free trial. No credit card. Connect your accounts in under 5 minutes and see your real net worth across banks, crypto, and investments.
See the product
Try Clarity before you switch
Explore the interactive demo with sample data. No signup needed.
Ready to move on from Wealthsimple?
14-day free trial. No credit card. Connect your accounts in under 5 minutes and see your real net worth across banks, crypto, and investments.