Wealth Management Collaboration: FinPeak X MyProperity

Wealth Management Collaboration: FinPeak X MyProperity

The Problem

Life seems to get more and more complicated each day. If you are like me or any one of our clients then you will have your financial life spread across different financial institutions, life companies and work with different service professionals. It becomes a nightmare to keep track of it all. You might think why don’t we just keep everything together with the one person or the one institution? In some cases this may work like going to supermarket and buying all your groceries in the one place but often this may not be the best approach because where you are shopping may not be the cheapest in the market or have the best products or offer the product that is right for you.

The Solution

MyProsperity is a platform that allows you to consolidate all your data into one place and is accessible via your PC, your smart devices and phone pretty much anywhere. Take a look at the following video:

What this means is that you can link your bank accounts, investments, loans, credit cards, property valuations, super, insurances and much more in one place. What it doesn’t do is allow you to transact which is reassuring because if this were to get into the wrong hands then the repercussions could be very costly. This means that you don’t have to move all your accounts but still access all your information in one place. MyProsperity draws all your live data from your institutions and stores it on one of the world’s largest cloud platforms, Amazon WebServices. The data is secured by the same 128-bit encryption that most banks use and is supported by McAffee Security.

With this up to date information at hand, it allows you to make better decisions with your adviser in a more timely manner. Not to mention saving you time in managing your finances so you can spend more time doing the things you enjoy, like going to the beach!

Check out the full range of benefits on our page here.

Who is MyProsperity?

MyProsperity was founded in 2011 by a successful financial adviser who spent 20 years in the financial services industry and was frustrated with the amount different institutions and platforms that he and his clients had to navigate through just to understand what their true financial picture looked like. The board at MyProsperity consists of an ex PwC chairman/partner and an ex-founder involved with the listed tech company, CarSales.

The firm recently won the 2018 Financial Advice Innovator of the year at the FinTech Business Awards.

The company is now the leading private wealth platform in Australia, with over 23,000 client subscribers and 530 advisor partners, tracking more than $33B in assets and $6B in liabilities. Their platform allows clients to come together with their advisers to get their entire financial world under control.

How we can help?

We will be rolling out this service to all our clients in the following months but please do reach out if you would like to get onto the Wealth Platform earlier. For non-clients of FinPeak you can also use this service on a monthly subscription service by signing up here

If you would like to know more, talk to Michael Sik at FinPeak Advisers on 0404 446 766 or 02 8003 6865.


Important information and disclaimer

The information provided in this document is general information only and does not constitute personal advice. It has been prepared without taking into account any of your individual objectives, financial solutions or needs. Before acting on this information you should consider its appropriateness, having regard to your own objectives, financial situation and needs. You should read the relevant Product Disclosure Statements and seek personal advice from a qualified financial adviser. From time to time we may send you informative updates and details of the range of services we can provide. If you no longer want to receive this information please contact our office to opt out.

FinPeak Advisers ABN 20 412 206 738 is a Corporate Authorised Representative No. 1249766 of Aura Wealth Pty Ltd ABN 34 122 486 935 AFSL No. 458254

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