Member Benefits

Wealthpoint has a FAP License, but is not ‘just a FAP’. We offer a broad range of business support and development services that are designed to reduce operating costs for member business, help them run more efficiently, and most importantly, help our member businesses grow.

We offer comprehensive services for regulatory support, technology and professional development and these are supported with unique propositions for all major advice lines. Importantly, our offering is fully funded, which means our member benefits are provided as part of the total cost of membership.

Stav Soulis, Moneytree

Our Member Value
Proposition Overview

  • Compliance Infrastructure

    Compliance Infrastructure
    1

    Primary accountability to oversee and monitor adviser compliance.

    Advisers operate directly under Wealthpoint’s FAP license.

    FAP License and Regulatory Support

    2

    Regulatory compliance guidance, support tools and templates for advisers and member businesses.

    Compliance Framework / PSM

    3

    Fully funded QA testing of client files, supported by the Xplan CRM tool.

    Coaching support delivered for identified improvement areas.

    Quality Assurance

    4

    Access to Wealthpoint funded CloudCheck client ID verification tool.

    Policy guidance for advisers to meet AML/CFT obligations.

    AML / CFT Programme

    5

    Management of complaint investigation, resolution and reporting.

    All advisers are funded members of IFSO scheme.

    Complaints and Dispute Resolution

    6

    Comprehensive, industry leading adviser and member business professional indemnity, public liability and D&O cover.

    Insurance premiums paid by Wealthpoint.

    Professional Indemnity

    1

    FAP License and Regulatory Support

    Primary accountability to oversee and monitor adviser compliance.

    Advisers operate directly under Wealthpoint’s FAP license.

    2

    Compliance Framework / PSM

    Regulatory compliance guidance, support tools and templates for advisers and member businesses.

    3

    Quality Assurance

    Fully funded QA testing of client files, supported by the Xplan CRM tool.

    Coaching support delivered for identified improvement areas.

    4

    AML / CFT Programme

    Access to Wealthpoint funded CloudCheck client ID verification tool.

    Policy guidance for advisers to meet AML/CFT obligations.

    5

    Complaints and Dispute Resolution

    Management of complaint investigation, resolution and reporting.

    All advisers are funded members of IFSO scheme.

    6

    Professional Indemnity

    Comprehensive, industry leading adviser and member business professional indemnity, public liability and D&O cover.

    Insurance premiums paid by Wealthpoint.

  • Systems and Platforms

    Systems and Platforms
    1

    Centralised commission management.

    Inflows from suppliers are on paid to members with supporting tools and reporting

    Consolidated Commissions

    2

    Wealthpoint funds Xplan licenses for all advisers and member businesses.

    Best practice templates developed by adviser working groups available at no cost.

    Xplan and Templates

    3

    Fully funded access to Wealthpoint’s BiRT (Business Intelligence Reporting Tool) informs businesses on sales, clients and financial performance metrics

    Business Intelligence

    4

    Fully funded 24/7 helpdesk function with 4 working-hour response SLA. This covers both Wealthpoint supplied systems and general IT queries from members.

    Helpdesk Support

    5

    Fully funded access to ALEC, Wealthpoint’s cloud based LMS tool assists the delivery of training, tracking of CPD hours and personal development plans

    Learning Management System

    6

    Comprehensive search function on Wealthpoint website to profile all member businesses and advisers.

    Find an Adviser

    7

    Member intranet with large library of resources, templates, supplier information, comms library and discussion forums for information sharing between businesses

    Member Hub

    1

    Consolidated Commissions

    Centralised commission management.

    Inflows from suppliers are on paid to members with supporting tools and reporting

    2

    Xplan and Templates

    Wealthpoint funds Xplan licenses for all advisers and member businesses.

    Best practice templates developed by adviser working groups available at no cost.

    3

    Business Intelligence

    Fully funded access to Wealthpoint’s BiRT (Business Intelligence Reporting Tool) informs businesses on sales, clients and financial performance metrics

    4

    Helpdesk Support

    Fully funded 24/7 helpdesk function with 4 working-hour response SLA. This covers both Wealthpoint supplied systems and general IT queries from members.

    5

    Learning Management System

    Fully funded access to ALEC, Wealthpoint’s cloud based LMS tool assists the delivery of training, tracking of CPD hours and personal development plans

    6

    Find an Adviser

    Comprehensive search function on Wealthpoint website to profile all member businesses and advisers.

    7

    Member Hub

    Member intranet with large library of resources, templates, supplier information, comms library and discussion forums for information sharing between businesses

  • Product Offering

    Product Offering
    1

    Access to around 50 suppliers across key advice segments – life, health, general insurance, investments, Kiwisaver and mortgages.

    Broad Product and Advice Offer

    2

    Product Committee overseeing product due diligence.  Supported by independent external specialists for investment proposition.

    Product List Due Diligence

    3

    Network scale allows access to suppliers’ ‘key account’ offering including underwriting, claims and prompt issue resolution

    Supplier Access and Terms

    4

    Access to member owned general insurance brokerage and support proposition including premium funding and client servicing

    General Insurance Proposition

    5

    Exclusive access to five ‘best of breed’ investment Wealthpoint’s portfolios developed by Investment Committee.

    Investment Portfolios

    1

    Broad Product and Advice Offer

    Access to around 50 suppliers across key advice segments – life, health, general insurance, investments, Kiwisaver and mortgages.

    2

    Product List Due Diligence

    Product Committee overseeing product due diligence.  Supported by independent external specialists for investment proposition.

    3

    Supplier Access and Terms

    Network scale allows access to suppliers’ ‘key account’ offering including underwriting, claims and prompt issue resolution

    4

    General Insurance Proposition

    Access to member owned general insurance brokerage and support proposition including premium funding and client servicing

    5

    Investment Portfolios

    Exclusive access to five ‘best of breed’ investment Wealthpoint’s portfolios developed by Investment Committee.

  • Network and Member Growth

    Network and Member Growth
    1

    Wealthpoint branded option for member businesses. Marketing collateral designed to support lead generation for members.

    Wealthpoint Brand Marketing

    2

    Support for identification, recruitment, onboarding and training of new advisers. Includes facilitation of New Adviser Course.

    New Adviser Recruitment

    3

    Tailored and off the shelf training modules for advisers and support staff to promote skill development

    Professional Development

    4

    Active recruitment of new Member Businesses to expand commercial foundations of Wealthpoint and provide additional sale options for retiring advisers.

    Succession Planning

    1

    Wealthpoint Brand Marketing

    Wealthpoint branded option for member businesses. Marketing collateral designed to support lead generation for members.

    2

    New Adviser Recruitment

    Support for identification, recruitment, onboarding and training of new advisers. Includes facilitation of New Adviser Course.

    3

    Professional Development

    Tailored and off the shelf training modules for advisers and support staff to promote skill development

    4

    Succession Planning

    Active recruitment of new Member Businesses to expand commercial foundations of Wealthpoint and provide additional sale options for retiring advisers.

  • Other Benefits

    Other Benefits
    1

    Annual conference providing access to high quality educational content, industry speakers and suppliers.  Excellent networking and information sharing with peers

    National Conference

    2

    Access for new members to competitively priced group life and health insurance cover.

    Member Group Insurance

    3

    Access to library of industry publications and tools (eg business planning, contract templates, HR processes and policies etc)

    Knowledge Archive

    1

    National Conference

    Annual conference providing access to high quality educational content, industry speakers and suppliers.  Excellent networking and information sharing with peers

    2

    Member Group Insurance

    Access for new members to competitively priced group life and health insurance cover.

    3

    Knowledge Archive

    Access to library of industry publications and tools (eg business planning, contract templates, HR processes and policies etc)

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