Wealthsimple CEO Michael Katchen at the company's Toronto office in July. Mr. Katchen did not expect the company to hit $100-billion in assets until December, 2028.

Online financial services provider Wealthsimple Technologies Inc. has surpassed $100-billion in assets three years ahead of schedule as soaring markets entice more Canadians to pour money into online trading accounts.

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, a goal he had not expected to hit until December, 2028.

That is up from $52-billion in assets under management a year ago and $31-billion at the end of 2023.

“It took ten years to get to $50-billion. We doubled that in a single year

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