What can we help you with?

How does hiring an advisor work through Wealthminder?

Hiring an advisor through Wealthminder works in two ways. If you wish to reach out to specific advisors directly, you can go to their page, and assuming we have contact information for them, you can send them a message. At that point, you are in direct contact with the advisor and you will go through their standard process for determining if it's a good fit for both of you.

The second (and recommended way) is to use our proposal / introduction service. To get started, you fill out a short questionairre to describe your current situation, what you want help with and what you require in an advisor. We then send your request to pre-screened matching advisors in our network. They have the ability to send you follow-up questions on your request as well as to make you a proposal if they are interested in your business. You can then review the proposals you are sent, ask your own follow-up questions and ultimately decide who you want to talk with further. You can then request a call with those advisors you wish to speak with and we will facilitate online introductions to them. Throughout this process, you maintain control. Unlike other services, we don't share your contact information with an advisor until you ask us to by requesting a call.

Why should I trust Wealthminder?

We built this site to help people find great advisors, and to help people avoid the bad ones. We take this incredibly seriously, and we have a zero tolerance policy for financial advisors who don’t adhere to our standards. Our business depends on your trust, and you telling your friends about us. If an advisor does poor work, they will be blacklisted from getting future leads from us and their score will reflect this. Once an advisor is part of Wealthminder, we require them to

  • Adhere to a fiduciary standard (this means they must legally put your interests above their own)
  • Offer fee-only work (this means they don't get paid based on the products they recommend)
  • Maintain a clean record with the SEC
  • Respond promptly to prospect and customer communications - and of course, do quality work.
What are the ways I can use Wealthminder?

There are several ways you can use Wealthminder to help achieve your financial goals.

  • You can browse and read some of the great financial content on our site
  • You can search / browse top advisors in your area and reach out to them directly
  • You can fill out a short questionnaire describing what you want help with and get free proposals from highly qualified advisors who have the experience and knowledge to help and are interested in your business
What is the Wealthminder score?
The Wealthminder score is designed to give you a general idea of an advisor’s trustworthiness and ability. The score is calculated from an analysis of their work history and license status, based on data from a host of sources. If you are a financial advisor and would like to improve your score, please claim your profile and tell us as much as possible about your business and work history. The more we know about you, the better our algorithm is at differentiating you from other advisors in your area.
What does the Wealthminder score do?
The Wealthminder score helps us figure out which advisors to recommend to consumers, and incentivizes advisors to do great work and communicate promptly with consumers. A financial advisor must be a licensed Investment Advisor Representative (IAR) to get a profile on Wealthminder. Licensed advisors start out with a Wealthminder score of 90. When an advisor registers with the SEC or their state, they appear on Wealthminder with a score of 90. If you see a Wealthminder score below 90, it indicates that there are either new to the industry or have had issues in the past that have been disclosed to regulators. Wealthminder keeps advisors who have recently recently deregistered on the site for a period of time, so that consumers who run across them will be able to see their history.
How is the Wealthminder score calculated?

The Wealthminder score takes into account a variety of factors and continues to evolve as we gather more data on advisors. Some of the factors we currently use include:

  • Independent validation of the advisor's information
  • Completeness of the data on the advisor
  • The advisor's experience
  • The advisors credentials
  • Prior issues that have been disclosed to the regulators
  • Feedback from the community on an advisor.

The Wealthminder score isn't a perfect measure of an advisor. In many cases, we have limited information on the advisor and the score will reflect that. These advisors will have a score of around 90, because we have no data to judge them beyond that.