Frank Wealth
Specialises in: Managed funds, shares and retirement investing.
Cost for advice: Up to 1% of your investment (for ongoing management of your money).
How they get paid: They charge you a management fee.
First meeting free: Yes.
Frank Wealth is a fully independent financial advice firm.
That means they do not take commissions or rebates when you invest with them. If they do receive commissions, they give the money back to you.
That means their advice is fully independent. They are not incentivised to recommend a particular fund or investment to get a higher commission. If they recommend an investment, that’s because it makes sense for you.
The focus is simple. Frank Wealth helps you:
- Build wealth for retirement and
- Create a sustainable income from your investments once you stop working
Frank Wealth advises on a wide range of investment options, including New Zealand and global shares as well as managed funds.
That means if you work with Frank Wealth, they can recommend funds from lots of different managed fund providers. Whereas if you just approached a managed fund provider (e.g. Milford), they can typically only recommend their funds.
Traditionally, investors might need $1 million+ to invest to get this kind of independent advice. But Frank Wealth intentionally leaves the door a little wider.
They work with investors who have:
- $50,000+ in KiwiSaver, or
- $200,000+ to invest in funds or shares
Frank Wealth suits people who want a clear, strategic plan without the jargon. As the name suggests, the approach is direct and straightforward. If you want retirement advice without the fluff, this is worth a conversation.
Frank Wealth is owned by its director, Angela McKnight. She is sharp. She started university at just 15, where she studied mathematics. She then worked at ANZ as a private banker before becoming an independent financial adviser in 2023.
You might also like to know Angela is married to Ed – our economist here at Opes!
