Wealth Maximiser review
Our verdict
Wealth Maximiser offers financial planning and coaching to help you take control of your finances.
When you think financial adviser, "expensive" and "only for rich people" is what might spring to mind.
Wealth Maximiser is looking to change that by giving you the resources and knowledge to better manage your financial affairs, without the huge cost.
While it's not going to offer the active management you'd get from a traditional financial adviser, Wealth Maximiser is designed to put you in the driving seat with personalised advice and a clear financial plan you can follow.
Pros
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Cheaper alternative to traditional financial adviser.
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Get personalised advice and ongoing support.
Cons
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There's no active portfolio management. You're given advice and knowledge but are responsible for your own investments.
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It's a lot cheaper than a financial advisor but still relatively pricey.
About
Wealth Maximiser is operated by NobleOak Services Limited, which is part of the NobleOak group of companies. NobleOak Life Limited is an APRA-regulated Australian life insurance company. Wealth Maximiser has been designed to give Australians the skills to better manage their financial future using coaching, personalised goal setting and action plans.
It is authorised under the Australian Financial Services (AFS) licence held by NobleOak Services.
How it works
When you sign up to Wealth Maximiser, you'll be given help to choose and personalise a financial strategy that should empower you to achieve your financial goals.
The process is broken down into 4 main steps:
1. Goal Setting
Fill out a questionnaire on your goals and overall financial health (called your Wealth Health score).
2. Review financial strategies
You'll be given 3 different wealth building plans to review.
3. Meet with your Wealth Coach
You'll discuss your strategy options in a one-on-one meeting with your assigned adviser and set up an action plan.
4. Receive ongoing support
Depending on your pricing tier, you'll receive up to 4 coaching sessions a year, as well as monthly group coaching sessions and emails to help you enact your 12-month financial action plan.
Features
These are the notable features that are included in your Wealth Maximiser membership:
- Initial goal setting
- Wealth Health diagnosis
- Multiple wealth strategies to choose from
- Personalised 12-month action plan
- Coaching sessions
- Ongoing support and coaching
Fees
There's three main pricing tiers to choose from if you want a yearly plan: Bronze, Silver and Gold. If you want a monthly plan there are two tiers: Silver and Gold. All of the plans have no sign up fee and 30 days free cancellation, and include your initial coaching strategy session and action plan, as well as ongoing support.
The silver tier (monthly plan) costs $99 per month, and includes 1 additional coaching check-in session each year.
The gold tier (monthly plan) costs $175 per month and includes 3 additional coaching check-in sessions each year.
Yearly plans range from $699 a year for the bronze package to $1,899 a year for the Gold package.
Wealth Maximiser also does not offer product recommendations or receive commission from financial service providers.
Is it right for me?
Ultimately, Wealth Maximiser suits those who need help planning their financial strategy but who don't want to shell out for a financial adviser, or would prefer to retain control of their investments.
Your reviews
Thomas Finder
Publisher
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