WLTH strongly believe in members obtaining the correct type of financial advice and information from industry leading firms.
This is why we have teamed up with some of the nation’s best firms in order to give you a range of advice across your entire financial portfolio.
Set yourself with a team of professionals at your fingertips, who will be available to upload, input and manage all you data for you, with full transparency.
For example, a computer will not clarify your goals and objectives, nor will it correct any details you enter. It cannot account for changes in your circumstances if you have a break from work, increase your debt levels or lose income due to sickness or injury.
Digital advice questionnaires may focus on your investment goals and risk profile but not ask about your mortgage, debts or other investments. This is fine if you have already addressed these areas of your finances but you need to know if the advice won't take into account your overall financial circumstances and needs.
Robo-advisers should explain upfront that they are only offering limited advice and should be clear about the risks associated with the advice.
If you believe that relevant information has not been taken into consideration, you should think carefully about whether the advice is right for you and whether the recommendations are appropriate.
The advice you receive will only be as good as the data you enter so it's important to enter your details correctly.
With the help of a WLTH approved firm, our members will be able to navigate the challenges financial advice throws at us in Australia. Our members will become evermore confident and comfortable in the knowledge that their firm is WLTH approved and supports the very platform they choose to manage their entire financial needs.
WLTH put every firm through rigorous testing parameters and they must pass our 100 point requirement check before we will begin their certification and training process.
So select Firm MGMT now to become apart of the WLTH movement.
Interested in becoming a WLTH approved firm? Contact us at firstname.lastname@example.org today.
So what exactly is robo-advice or a robo-advisor?
Robo-advisors are automated online services that ask you a set of questions about your personal financial goals and preferences, and then provide you with investment advice and access based on your answers.
As according to the Australian Securities and Investment Commission there are advice limitations on what digital advice software can and can’t do.Reference: https://www.moneysmart.gov.au/investing/financial-advice/robo-advice