Multiplywealth Launches New Financial Planning Business Model to Provide High-Quality Wealth Management Services to Ordinary Investors
New service eliminates conflict of interest built into traditional financial planning models.
London (I-Newswire) October 17, 2012 - Multiplywealth opens it doors today, offering not only a new
financial planning service but a new business model for the financial planning industry.
Multiplywealth’s hybrid, Modern Portfolio Theory-based business model places the client first by design and eliminates the conflicts of interest inherent in traditional models. As with fee-only advisors, clients receive a comprehensive financial planning service prepared by highly qualified investment advisors who take on fiduciary responsibility, but unlike traditional fee-based services, Multiplywealth’s advisors are compensated exclusively on the quality of their planning and the client’s satisfaction.
“It is a complete departure from the status quo,” said Alexey Mikhaylov, Multiplywealth’s founder and CEO. “Multiplywealth
overcomes one of the major criticisms of the financial planning industry. Our advisor representatives never receive fees or commissions from the sale of financial products and asset management.”
Every aspect of Multiplywealth is aligned with the client’s interests. The company’s tagline is “Trustworthy by Design.”
“We reward our advisor representatives for being better planners, not for being better product salespeople,” added Andrew Simeonov, Multiplywealth’s Chief Marketing Officer. “Their bonuses are based entirely on client satisfaction ratings.”
Built around Modern Portfolio Theory that has long been advocated in academic circles but ignored in the marketplace, Multiplywealth eliminates the conflicts of interest built into traditional financial planning and money management models. For a fixed annual fee, Multiplywealth clients receive a comprehensive, continuously
updated, fiduciary-advised financial plan, including tax and living trust preparation and asset management. The firm provides high-quality wealth management services without requiring clients to be
high net worth, and all costs are completely transparent to clients.
1 Northumberland Avenue
Phone : 79252235130
Published On:October 17, 2012
Print Release:Print Release
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