A Member-owned Co-operative
Wealthpoint is a co-operative owned by a network of 50 financial services advisory businesses, operating from more than 70 locations across New Zealand. With over 150 advisers covering life, health and general insurance, investments, Kiwisaver and mortgages, Wealthpoint is one of New Zealand’s largest independent financial adviser groups.
Our Guiding Principles
The guiding principles of Wealthpoint drive all operational and strategic decisions and support Wealthpoint’s purpose, which is to make it easier for members to run successful businesses so they can deliver trusted advice to their clients.
Owned by Members
Member businesses all own an equal share of Wealthpoint and there are no non-trading shareholders. This is important as it ensures capital value is retained in the wider network.
Three year commitment
New entrants purchase a shareholding which gives them the same rights as existing members. While these shares must be sold if a business chooses to leave the network, no barriers exist to prevent a business from leaving with their client base.
As a licensed FAP, Wealthpoint takes full regulatory responsibility for advisers that operate under the FAP and stands behind the advice they provide to clients.
Fully funded offering
Wealthpoint covers many operating costs for Member businesses. This includes technology, license costs, PI premiums, quality assurance reviews, professional development costs and IFSO fees.
Wealthpoint applies a monthly membership fee and deducts a Co-Op Retention per commission settlement averaging around 4.5%. This is used to fund the development of the member value proposition. The Wealthpoint Board has set a strategic objective of reducing membership costs over time.