We approach investing and serving clients very differently than traditional wealth managers. In fact, there’s a lot we do differently.
THE INDUSTRY STANDARD
In order to talk about how WealthFactor is different, we need to examine two things:
First, our founder, Bill Woodruff, realized after decades in the wealth management industry, that a few things were broken.
Second, clients today typically have two options for managing their wealth.
Of course, there are positives and negatives for both options.
TRADITIONAL PROS AND CONS
With the traditional route, clients can expect to receive personalized planning that’s good for complex situations (fantastic!) but also pay more for that service, often with less subject matter expertise and technology that isn’t built for the client, but the advisor (boo!).
Some common pain points we often hear about the traditional wealth service model are:
The typical cost is an average of 1% of assets.
ROBO/ONLINE PROS AND CONS
With the robo route, clients can expect technology that’s actually built for them (yay!) and lower fees (also yay!), but if they have complex needs or require expert advice, that may be hard to find, or at least difficult to get ahold of someone who can actually help (bummer!).
Some common pain points we hear about often with this model are:
The typical cost is 0.5% of assets or less.
Our founder thought there should be a better option!
THE WEALTHFACTOR WAY
WealthFactor has reimagined wealth services by removing the parts that do not work and reworking the parts that do. Here’s how:
Our technology:
Our experts:
Our cost:
HOW IS THIS POSSIBLE?
Does it seem too good to be true that we can offer the best part of both the traditional model and the robo model and still provide it for less cost?
Nah.
By cutting out unnecessary layers of people and processes, and instead focusing on the efficiency found by leaning into technology, we can offer real wealth expertise only when you need it via a user-friendly, secure platform.
And best of all, you maintain control of your wealth.
LEARN MORETake a deeper look at WealthFactor, including how we approach investing and serving clients.Insights: Why You Shouldn't Start with Goals Insights: What's a Wealth Concierge? Insights: WealthFactor: An Overview |
We think you’ll find WealthFactor offers the best of both worlds without the cost.Schedule a time with Bill Woodruff, our Founder, to get your questions answered and to learn more about the difference you’ll experience with WealthFactor. Not ready to talk? Meet our Wealth Concierge Team. |