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.

What's the Open Banking use case?

Wealth Wizards allows users of financial advice chatbot, MyEva, to link their financial accounts – including bank, credit card, investment, savings and borrowing – to the app. MyEva helps users improve their financial situations with independent personalised guidance and advice throughout key life stages – whether they are clearing debt, building up savings, buying a home or preparing for retirement.

Wealth Wizards is powered by Moneyhub Enterprise