IRVINE, Calif., Feb. 7, 2017 /PRNewswire/ -- WealthWise Financial is excited to be on the cutting edge of new technology and meeting the needs of millennial investors through offering Guided Wealth Portfolios (GWP). LPL Financial is launching a hybrid Robo platform as a low-account minimum investment solution, designed to appeal to millennials and to individuals with less than $250,000 to invest. LPL is piloting the program with 50 offices out of the 15,000 advisors across the nation. WealthWise Financial is one of the few west coast offices to be chosen for this pilot.
GWP offers the best of both worlds: a low-account minimum solution plus an advisor to reach out to as life events happen. As investors' needs change, they can transition to working more hands-on with an advisor. Utilizing the marriage between human and digital advice, WealthWise Financial Services is taking the lead in 21st century wealth management.
Robo-advisors use complex mathematical formulas, algorithms, to compare financial information that you provide about your investment objectives, financial assets and time horizon to a menu of typically low cost investment vehicles, usually exchange traded funds. The fund fees are low, typically 0.5% annually, or less depending on the amount invested.
"We are excited about the impact of robo advice – it is access to both worlds, a new era in investing and financial advice," according to Loreen Gilbert president of WealthWise Financial Services Inc., Irvine, California. "Combining 'robo' technology with personalized human advice means that people new to investing can now have a clearer path to financial and retirement future," she added.
"The decision on which offices would be chosen was based on their commitment to digital marketing and social media, having one person in the office as a point person to manage the platform, having a millennial advisor in the office, a commitment to marketing efforts and already being ranked as a top producing advisor," said Robert Steinau, VP, Strategic Relationship Manager, of LPL. "We are confident WealthWise Financial Services is an excellent fit meeting the criteria."
Founded in 2005, WealthWise Financial Services is an Irvine, California headquartered private wealth management and financial planning company serving clients in twenty states. The firm offers securities and investment advisory services to individuals, business owners and corporations through Loreen Gilbert's affiliation as a registered principal with LPL Financial.
For more information, https://www.lplguidedwealth.com/advisor/WEALTHWISEROBO.
Securities and advisory services offered through LPL Financial, a registered investment advisor.
Guided Wealth Portfolios (GWP) is a centrally managed, algorithm-based, investment program sponsored by LPL Financial LLC (LPL). There is no assurance that the GWPs are suitable for all investors or will yield positive outcomes.
An investment in Exchange Traded Funds (ETF), structured as a mutual fund or unit investment trust, involves the risk of losing and additional risks such as non-diversification, price volatility, competitive industry pressure, international political and economic developments, possible trading halts, and index tracking errors.
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SOURCE WealthWise Financial