Why Wealthwise

The current market for Advisors is one of rapid change with a recent focus on Advisor business systems and the possibility of financial regulation. For all Advisors this may mean increases to their business administration and service delivery costs.

Over and above due to rising client expectations of an Advisor, Advisors now more than ever have to be more thorough, professional and innovative in how they do business.

Wealthwise® is an online financial software tool that financial advisors can use to support your business systems, client information collection and delivery, and all this by reducing time on administration. The software includes;

1. An online Fact Find tool that clients can access to provide their advisor with their current financial information
2. Advisor access to software that allows easy analysis of the Fact Find information and the creation of a multiple page financial report (Recommendation Report) for the client
3. Covers financial areas of; Bank Account, Money Flow, Debt, and Insurance Structures

Access to the Welathwise system is via monthly license fee

Clients

Your clients more than ever would like to build a relationship with an Advisor who can help them achieve financial clarity and provide consistent advice in the future to allow them to make informed financial decisions.

Through the Wealthwise system of the Fact Find, and creation of the tailored financial report (Recommendation Report) your client will have a documented process which provides total financial clarity and in a very professional way.

Advisors

One area of concern for Advisors is the increase in required systems and business documents, which in turn may increase the cost of administration not just on a day to day level but in possible legal action from clients in the future.

With Wealthwise® we seek to help with this, by transferring data collection to the client, then taking that data automatically (through technology) to other areas in the business.

For example:

At present when an Advisor meets a client for the first time, you may fill out a Fact Find form, this could be a special branded form you have created or a loan application form – but the outcome is the same; that data will now need to be put into your company’s computer systems and that data entry is via yourself or an administrator.

Wealthwise changes this;

You can email a special link to your client, the link will open an electronic online web based Fact Find form which the client fills out. That means the data is automatically online (and completed by your client NOT you or your admin team and the data is ready for you to transfer to your other business systems such as a Recommendation Report, Loan application and even your CRM system. No more manual data entry!

This will reduce time and cost, PLUS improve your system reducing manual errors.