Sign up to receive our regular news and insights.

WealthO2 launches new app

By Karren Vergara   22 June 2021


WealthO2 has launched an app for financial advisers and their clients to help them manage their investment and superannuation information.


Available on Apple and Android, the app aims to provide advisers and their clients transparency on their holdings, returns and how they are progressing towards their goals, the company said.


“While increasingly we are seeing all ages of clientele utilising apps, it’s the next generation of adviser’s client who have viewed the issues from the Royal Commission and are even more aware of possible hidden fees and lack of transparency,” WealthO2 co-founder and managing director Shannon Bernasconi said.


Bernasconi added that advisers have told her that many of their clients are more engaged with their financial strategies and processes thanks to the ease of technology.


“Taking the next step and providing investors with the capability to check their investments on their personalised app will only enhance engagement and interest,” she said.


In May, Wealth02 lowered the admin fee on its superannuation offering, Super Simplifier, by 3.3 basis points.


Fees are capped at $1760 per member or $3630 across six family members.


“Super Simplifier gives members the personalisation, transparency and flexibility of an SMSF but for a fraction of the cost. It is the only a low cost offering of its type in the market and offers full transparency of assets through the use of the HIN structure and managed accounts,” Bernasconi said.


Link to article here

Other News

WealthO2 to offer complete tech solution to financial planners

Hear from Andrew Whelan, our Acting CEO as he talks to Penny Pryor from Industry Moves about Wealth02’s goal to become a complete tech solution for financial planners and rapid expansion plans for the business.

New structured pilot program with Ord Minnett announced

We are excited to announce a new structured pilot program with Ord Minnett’s most senior advisers who use an MDA offering for their UHNW clients. Andrew Whelan, Acting Chief Executive Officer of WealthO2 said: “This exciting pilot with Ord Minnett demonstrates our commitment to delivering meaningful efficiencies through customer-led technology innovation that puts advisers and their clients first.”

Stay up to date with our latest news
and adviser education.