Wealthsimple expanding service to the U.K.

Michael Kitchen, CEO of Wealthsimple poses for a photograph at his office in Toronto on Thursday, April 27, 2017. (Nathan Denette / THE CANADIAN PRESS)

TORONTO - Wealthsimple says it's expanding its robo-adviser service to the United Kingdom.

The Toronto-based company says an invitation-only trial version of the product will be tested this summer in the U.K., followed by a public launch in September.

CEO Michael Katchen says the expansion fits in with Wealthsimple's plan to build a global financial services firm.

The U.K. is Wealthsimple's second international market after launching in the United States at the end of January.

The company currently has more than 30,000 clients in Canada and the U.S. with $1 billion in assets.