WealthSolver tip: don't forget fee aggregation

When comparing platform fees in WealthSolver, it is easy to overlook one thing that can seriously skew your comparison: fee aggregation.

Where a platform offers discounted admin fees based on the total balance held across eligible accounts, forgetting to model that aggregation can make a proposed product look more expensive than it actually is.

How to set it up

Once you have added the relevant plan to your scenario:

Open the relevant Existing or Proposed Plan.
Navigate to the Balances/Aggregation tab.
Under "Other Balances for fee aggregation purposes", select the chain-link icon.
WealthSolver will display eligible accounts available for linking.
Select the relevant accounts, the client's own or eligible family group members' accounts, where applicable.
Check the total aggregated balance is correct.
Continue your fee comparison once aggregation is applied.

A few things to keep in mind

Finalise account balances and investment selections before applying aggregation. Both can affect the fee calculation.
Not every product supports fee aggregation within WealthSolver. You may need a manual adjustment.
Only link eligible accounts. Aggregation should reflect balances that qualify for the discount, not every account the client owns.
Modelling a retained existing product? Remember to consider aggregation in both the current and proposed situations, where applicable.

Small step, big impact on the accuracy of your comparison.

Tips like this are the difference between a comparison you can defend and one you have to redo. If you would like a plain-spoken read on where your advice technology is costing you time and money, a free Advice Tech Health Check is thirty minutes with a senior consultant. No obligation.