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SelfWealth

SelfWealth empowers investors by enabling them to compare their portfolios with peers, professionals, and the market performance to help make informed decisions about investing.

DIY Tool Free Trial 4.43 Stars
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100%

Positive

Reviews above 3.0 stars

0%

Negative

Reviews below 3.0 stars

4.43

Average

Average of all reviews

5

Reviews

Total number of reviews

Reviewer opinions

100%
80%
60%
40%
20%
Ease of use
Customer support
Met expectations
Would recommend to others

Overview

SelfWealth is Australia's first investment solution that allows you to compare your portfolio performace to peers, professionals, and the market. SelfWealth is an online community for investors with the common purpose of better returns. SelfWealth is also Australia's only flat fee brokerage solution; members can trade shares for $9.50/trade with no commission - regardless of the trade size.

Reviews

4.4
out of 5 stars
4
1
0
0
0

Jarrod

25-35 years old
4.8

"It's easy to use, a lot less intimidating than other platforms. The main attraction for me was the community data, which gives a novice like me some direction on what to buy and what to sell. I've been using the target portfolio feature for a few months now and it has outperformed the market in that period. On top of all of this, the $9.50 fees are the cheapest going around for CHESS sponsored shares."

26 February 2019
details

Andrew

46-55 years old
5

"Brilliant concept, cheap and easy to use "

28 February 2019
details

Brendan

36-45 years old
4.6

"Easy to use and intuitive trading solution, and at $9.50 it is the most competitevly priced online platform in the market. The online support was timely and informative, I will definitely recommend to family and friends. "

20 March 2019
details

Debbie

46-55 years old
4.5

"I was a beginner on trading and found Selfwealth to be easy to use, straightforward and value for money. Would definitely recommend "

20 March 2019
details

Tania

36-45 years old
3.3

"The Selfwealth tool is reasonably easy to use and looking forward to using this tool to build my investments."

20 March 2019
details

Screenshots

Screenshot of Moneysmart Screenshot of Moneysmart Screenshot of Moneysmart Screenshot of Moneysmart Screenshot of Moneysmart Screenshot of Moneysmart Screenshot of Moneysmart Screenshot of Moneysmart Screenshot of Moneysmart

Article coverage:

Key information

Category
  • General Information
  • Investing
Life stage
  • Starting Out
  • Mid-Career
  • Established
  • Retiring
Financial plan produced?
No
Fee structure
  • Transaction Fees
  • Subscription
Is there a free trial?
90 days
Customer support
  • Email
  • FAQ
Date founded
2012
Company website
Visit site

Start using SelfWealth

 

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How it works

SelfWealth is Australia's first investment solution that allows you to compare your portfolio performace to peers, professionals, and the market. SelfWealth is an online community for investors with the common purpose of better returns. SelfWealth is also Australia's only flat fee brokerage solution; members can trade shares for $9.50/trade with no commission - regardless of the trade size.

Category
  • General Information
  • Investing
Type of help
  • DIY Tool
Where can I get this?
Online
Are there any other availability restrictions?
Services Offered
Will I learn what type of risk taker I am?
No
Will it produce a financial plan?
No
What types of investments are available?
Shares
How many investment portfolio options are available?
Where can I invest?
  • Australia
Who manages my investments?
Not Applicable
In whose name are investments held?
Your Name
Is there professional research available on the investment options?
Yes (Morningstar)
Will it allow me to trade automatically?
Yes
Will it automatically rebalance my portfolio?
Yes
Will it provide reports on my investment performance?
Yes
Cash management account
Yes
Automated alerts and updates
Yes
Can I access other professional help through this service?
  • No
On which platform can I use this?
  • Computer
  • Tablet
  • Smartphone
Account opening & closing
How do I create an account?
Online
Account opening speed
  • 5 minutes
Will it capture my personal financial information automatically?
No
Will I be asked questions about my situation?
No
How fast can I get my invested money back?
> 3 days

Who it's for

Accessable by
Myself
Life stage
  • Starting Out
  • Mid-Career
  • Established
  • Retiring
Type of customer
  • Consumer
  • Wholesale Investor (>$250k p.a income or $2.5m assets)
Advice stage
Assess My Financial Situation
Implement Financial Plan
Review My Progress
Multiple Stages
What is the minimum amount I have to invest?
No minimum
What is the minimum amount I have to be earning?
Not Applicable
Customer service & support
Is there general financial education information provided?
No
Customer support
  • Email
  • FAQ
Who do I complain to as a last resort?
  • Australian Financial Complaints Authority (AFCA)

What it costs

Fee structure
  • Subscription
  • Transaction Fees
  • Fees based On Value of Assets
Minimum contract period
Not Applicable
Free Trial
90 days
Payment method
  • Cash Management Account

Is it legitimate & secure

Trading name
SelfWealth Limited
Who owns the company
Listed Company
Who runs the business
  • Andrew Ward
Date founded
2012
Number of staff
11-50
Security & Regulatory Compliance
Will it verify my identity?
Online
Will it send me a confirmation security number to sign-up?
No
Are my records destroyed when I leave?
Yes
Is there detailed documentation about the product?
No
What company holds the financial license?
Selfwealth Ltd
Financial Services Guide?
Yes

Contact Information

Website
Visit website
Email
Send email
Phone Number
Address
PO Box 199, Surrey Hills, VIC 3127
Social Media

Start using SelfWealth

 

Get started

Jarrod

25-35 years old
4.8

"It's easy to use, a lot less intimidating than other platforms. The main attraction for me was the community data, which gives a novice like me some direction on what to buy and what to sell. I've been using the target portfolio feature for a few months now and it has outperformed the market in that period. On top of all of this, the $9.50 fees are the cheapest going around for CHESS sponsored shares."

26 Feb 2019
details

Customer opinions

Ease of use
Customer support
Met expectations
Recommend to others

Andrew

46-55 years old
5

"Brilliant concept, cheap and easy to use "

28 Feb 2019
details

Customer opinions

Ease of use
Customer support
Met expectations
Recommend to others

Brendan

36-45 years old
4.6

"Easy to use and intuitive trading solution, and at $9.50 it is the most competitevly priced online platform in the market. The online support was timely and informative, I will definitely recommend to family and friends. "

20 Mar 2019
details

Customer opinions

Ease of use
Customer support
Met expectations
Recommend to others

Debbie

46-55 years old
4.5

"I was a beginner on trading and found Selfwealth to be easy to use, straightforward and value for money. Would definitely recommend "

20 Mar 2019
details

Customer opinions

Ease of use
Customer support
Met expectations
Recommend to others

Tania

36-45 years old
3.3

"The Selfwealth tool is reasonably easy to use and looking forward to using this tool to build my investments."

20 Mar 2019
details

Customer opinions

Ease of use
Customer support
Met expectations
Recommend to others

Start using SelfWealth

 

Get started