Everyday we get a bunch of questions about who we are and what we do so we thought it would be a good idea to pick 6 of the most commonly asked questions and turn it into a blog post.
What is Plenty?
This question is a daily occurrence for us.
We liken ourselves to GPS but instead of showing you physical directions we give you financial directions – Financial GPS.
We show you how to reach your financial goals and live a more plentiful life – along the way we can advise you on every aspect of your financial life.
Our goal is to put a financial roadmap in every Australian household.
How Does Plenty Work?
We import data (securely) from your bank accounts and ask a few questions. We analyse this information and then produce a financial roadmap which shows exactly where you are today and maps out how to get where you want to be. The map covers goal setting, budgeting, choice of super fund, insurance, debt, investing, super contributions, super pensions and retirement. This advice is free and can be updated as your finances evolve.
This video shows you how our process works:
You can see a sample of the advice here.
You can get your very own free financial roadmap now.
Do You Have Any Online Reviews?
Yes – at the moment you can find unbiased reviews on Adviser Ratings; a directory that gives ratings and reviews of financial advisers. Check out our profile here.
We are also in the process of posting more reviews to our website – watch this space.
I Am 35 and Just Started a Family – How Does Plenty Help Me?
As someone who is getting married next year this is a very relevant question to me and something we get asked often.
As the financial lives of you and your partner become more intertwined, it is a great time to start acting as a unit financially. Personally, this has meant combining our incomes and taking a closer look at both the now in terms of spending and the future in terms of goals.
Plenty can help make sure you are staying on top of your spending today while still planning for the future – we also make sure that all of your financial choices and products make sense. We also can evolve with you which means as your lives progress so will our advice.
To find out who else Plenty helps click here.
Why Is Your Roadmap Free?
The reason we give our roadmap away for free (as opposed to the $2,500 a traditional adviser will charge you) is because technology is at our core – this means we can provide services at prices that other advisers can’t match.
Just like Uber is cheaper than taxis or Amazon is cheaper than stores so we are cheaper than physical advisers.
How Does Plenty Make Money?
Since our roadmaps are free people often wonder how we make money – we do this in a variety of ways:
- Ongoing support – once you get your financial roadmap we offer the ability to have meetings and ongoing email support with your very own advisor for a small monthly fee – check out our pricing page to find out more.
- Superannuation and Investments – For a small monthly fee we can manage your investments* and superannuation.
- Mortgages & Insurance – When we assist with your mortgage or life insurance we get a commission from the provider you end up with. We are completely supplier agnostic and our system is programmed to only ever recommend either of these if they are in your best interest.
There you have it – some of the most commonly asked questions we get here at Plenty.
If you are curious to find out more get started with us today or hit that little chat button in the bottom right hand corner if you have any more questions.
Josh is the co-founder of Plenty. Along with being a mortgage broker, he spent 5 years in banking and has an honours in Finance from UNSW. He loves all things tech and finance.
The information contained on this page is of a general nature and may not be appropriate for your personal circumstances. You should obtain personal financial advice before acting on this information.
*At the moment we can’t implement your investments – it is a feature that is coming soon!