Wealth Wizards

About Wealth Wizards

Aside from Open Banking, the area Wealth Wizards finds most exciting is the potential for technology to completely transform the pensions and retirement financial advice landscape. Pensions are extremely complicated products – and retirement is possibly the most complex financial issue we ever have to deal with in our lives – but at the moment many people can’t afford traditional financial advice which would help them make the right decisions about saving for, or drawing, their pension.

Wealth Wizards believes that advice should be affordable and accessible to everyone and technology is a key way to do that. Wealth Wizards works with advice firms to create a hybrid advice model that is part human adviser and part automation. The Wealth Wizard system helps with heavy lifting of things like digitising fact-finds, assessing income and expenditure needs, automating quotes and shaping recommendations into suitability reports. This allows the adviser to focus on the customer engagement and ensuring the final advice is truly personalised to someone’s needs and preferences. For the adviser, this means they can save a huge amount of time and, for the customer means a much faster, more convenient process. Advisers may be able to use this saved time to help more customers with advice and develop new lower cost advice propositions – allowing those people who previously couldn’t afford advice to access it.

Wealth Wizards screenshots

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