Wealtho2

Started in 2015, with WealthO2 MDA and WealthO2 Managed Accounts launching in 2016.

WealthO2 uXchange. An alternative to both platforms and mFunds, it slots into existing workflows and offers low cost and transparency.

WealthO2 Super Simplifier gives members the personalisation, transparency and flexibility of an SMSF, but for a fraction of the cost.

Under this approach, advisers and clients work together to choose a mix of assets that will best meet the goals of each investor. Like an SMSF, client assets are held in individual accounts, but unlike an SMSF, the trustee is APRA-regulated. The benefits of efficiency and scale this model offers means clients enjoy a customised, flexible investment experience but without the SMSF price tag.

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End User Advisers
Advice Process Steps Scope
Assessing
SOA
Implementing
Review
Benefits Process efficiency
Engagement uplift
Time savings
Cost to serve reductions
Compliance benefits
ROA automation
Cost per user per annum Not based on a user fee rather a costed per account solution
Time saving per client Saving $2000 per $250K under management
Cost saving per client Saving $2000 per $250K under management
Integration Xplan and Class
Website embedding Yes
White labelled Yes
System prerequisite No
Single sign on Yes
Data storage Cloud on AWS in Australia
Privacy standards Privacy Act 1988 (Cth) and the National Privacy Principles
Limits on use No
Disaster recovery and business continuity plans Yes
AFSL approval Not disclosed