Member Info
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.
Our Member Value
Proposition Overview
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Compliance Infrastructure
Compliance Infrastructure1Primary accountability to oversee and monitor adviser compliance.
Advisers operate directly under Wealthpoint’s FAP license.
FAP License and Regulatory Support
2Regulatory compliance guidance, support tools and templates for advisers and member businesses.
Compliance Framework / PSM
3Fully funded QA testing of client files, supported by the Xplan CRM tool.
Coaching support delivered for identified improvement areas.
Quality Assurance
4Access to Wealthpoint funded CloudCheck client ID verification tool.
Policy guidance for advisers to meet AML/CFT obligations.
AML / CFT Programme
5Management of complaint investigation, resolution and reporting.
All advisers are funded members of IFSO scheme.
Complaints and Dispute Resolution
6Comprehensive, industry leading adviser and member business professional indemnity, public liability and D&O cover.
Insurance premiums paid by Wealthpoint.
Professional Indemnity
1FAP License and Regulatory Support
Primary accountability to oversee and monitor adviser compliance.
Advisers operate directly under Wealthpoint’s FAP license.
2Compliance Framework / PSM
Regulatory compliance guidance, support tools and templates for advisers and member businesses.
3Quality Assurance
Fully funded QA testing of client files, supported by the Xplan CRM tool.
Coaching support delivered for identified improvement areas.
4AML / CFT Programme
Access to Wealthpoint funded CloudCheck client ID verification tool.
Policy guidance for advisers to meet AML/CFT obligations.
5Complaints and Dispute Resolution
Management of complaint investigation, resolution and reporting.
All advisers are funded members of IFSO scheme.
6Professional Indemnity
Comprehensive, industry leading adviser and member business professional indemnity, public liability and D&O cover.
Insurance premiums paid by Wealthpoint.
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Systems and Platforms
Systems and Platforms1Centralised commission management.
Inflows from suppliers are on paid to members with supporting tools and reporting
Consolidated Commissions
2Wealthpoint funds Xplan licenses for all advisers and member businesses.
Best practice templates developed by adviser working groups available at no cost.
Xplan and Templates
3Fully funded access to Wealthpoint’s BiRT (Business Intelligence Reporting Tool) informs businesses on sales, clients and financial performance metrics
Business Intelligence
4Fully 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
5Fully 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
6Comprehensive search function on Wealthpoint website to profile all member businesses and advisers.
Find an Adviser
7Member intranet with large library of resources, templates, supplier information, comms library and discussion forums for information sharing between businesses
Member Hub
1Consolidated Commissions
Centralised commission management.
Inflows from suppliers are on paid to members with supporting tools and reporting
2Xplan and Templates
Wealthpoint funds Xplan licenses for all advisers and member businesses.
Best practice templates developed by adviser working groups available at no cost.
3Business Intelligence
Fully funded access to Wealthpoint’s BiRT (Business Intelligence Reporting Tool) informs businesses on sales, clients and financial performance metrics
4Helpdesk 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.
5Learning 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
6Find an Adviser
Comprehensive search function on Wealthpoint website to profile all member businesses and advisers.
7Member Hub
Member intranet with large library of resources, templates, supplier information, comms library and discussion forums for information sharing between businesses
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Product Offering
Product Offering1Access to around 50 suppliers across key advice segments – life, health, general insurance, investments, Kiwisaver and mortgages.
Broad Product and Advice Offer
2Product Committee overseeing product due diligence. Supported by independent external specialists for investment proposition.
Product List Due Diligence
3Network scale allows access to suppliers’ ‘key account’ offering including underwriting, claims and prompt issue resolution
Supplier Access and Terms
4Access to member owned general insurance brokerage and support proposition including premium funding and client servicing
General Insurance Proposition
5Exclusive access to five ‘best of breed’ Wealthpoint model portfolios and ability to construct tailored models through our proprietary Bespoke Portfolio Tool.
Investment Portfolios
6Subsidised access to Trail technology platform and broad panel of bank and non-bank lenders.
Mortgage Proposition
1Broad Product and Advice Offer
Access to around 50 suppliers across key advice segments – life, health, general insurance, investments, Kiwisaver and mortgages.
2Product List Due Diligence
Product Committee overseeing product due diligence. Supported by independent external specialists for investment proposition.
3Supplier Access and Terms
Network scale allows access to suppliers’ ‘key account’ offering including underwriting, claims and prompt issue resolution
4General Insurance Proposition
Access to member owned general insurance brokerage and support proposition including premium funding and client servicing
5Investment Portfolios
Exclusive access to five ‘best of breed’ Wealthpoint model portfolios and ability to construct tailored models through our proprietary Bespoke Portfolio Tool.
6Mortgage Proposition
Subsidised access to Trail technology platform and broad panel of bank and non-bank lenders.
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Network and Member Growth
Network and Member Growth1Wealthpoint branded option for member businesses. Marketing collateral designed to support lead generation for members.
Wealthpoint Brand Marketing
2Support for identification, recruitment, onboarding and training of new advisers. Includes facilitation of New Adviser Course.
New Adviser Recruitment
3Tailored and off the shelf training modules for advisers and support staff to promote skill development
Professional Development
4Active recruitment of new Member Businesses to expand commercial foundations of Wealthpoint and provide additional sale options for retiring advisers.
Succession Planning
5Wealthpoint facilitated business loans to fund register acquisition, shareholder succession or business refinancing.
Member Lending Facility
6Opportunities to buy client bases to support business growth. Financial assistance provided for new register brought into the network.
Register Acquisition
1Wealthpoint Brand Marketing
Wealthpoint branded option for member businesses. Marketing collateral designed to support lead generation for members.
2New Adviser Recruitment
Support for identification, recruitment, onboarding and training of new advisers. Includes facilitation of New Adviser Course.
3Professional Development
Tailored and off the shelf training modules for advisers and support staff to promote skill development
4Succession Planning
Active recruitment of new Member Businesses to expand commercial foundations of Wealthpoint and provide additional sale options for retiring advisers.
5Member Lending Facility
Wealthpoint facilitated business loans to fund register acquisition, shareholder succession or business refinancing.
6Register Acquisition
Opportunities to buy client bases to support business growth. Financial assistance provided for new register brought into the network.
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Other Benefits
Other Benefits1Annual conference providing access to high quality educational content, industry speakers and suppliers. Excellent networking and information sharing with peers
National Conference
2Access for new members to competitively priced group life and health insurance cover.
Member Group Insurance
3Free national and international travel insurance for all members and their staff.
Travel Insurance
4Access to library of industry publications and tools (eg business planning, contract templates, HR processes and policies etc)
Knowledge Archive
1National Conference
Annual conference providing access to high quality educational content, industry speakers and suppliers. Excellent networking and information sharing with peers
2Member Group Insurance
Access for new members to competitively priced group life and health insurance cover.
3Travel Insurance
Free national and international travel insurance for all members and their staff.
4Knowledge Archive
Access to library of industry publications and tools (eg business planning, contract templates, HR processes and policies etc)
