How Absolute Wealth Advisers gets clarity and accuracy with Sharesight

Absolute Wealth Advisers is a financial planning business that offers a range of services, including financial advice, coaching and educational events.

The Financial Advice team manages clients on a whole-of-wealth basis, taking into account all their assets. The business generally takes on clients with existing assets, which makes it challenging to get the quality information they need to give the best advice, such as performance, cost base and tax-related data. These issues were further highlighted after they acquired another financial planning business, so the team turned to Sharesight for help.

With Sharesight, the team can:

Access an accurate cost base of investments

“Traditionally, this is something advisers and clients haven’t been keeping good track of,” says Dean, Co-Founder of Absolute Wealth Advisers.

Compare actual performance vs. benchmarks

“When you’re buying direct shares over a period of time, you don’t get the same clarity of what your return is compared to what you get with an index or super fund.”

Offer reports for international shares

“Getting performance and tax reporting as well as analysis has been really valuable for clients that want to be more hands-on with their investments.”

See a whole-of-wealth view

“We can sync the portion of a client’s wealth within Sharesight with AdviserLogic, giving us a client’s total wealth position, which has been really valuable,” adds Dean.

“The information we get from Sharesight helps us give clients the right advice and to give them performance information over time. We’re having better conversations with our clients, especially when talking about the cost base and the strategies we develop on the back of that information.”

— Dean Holmes, Co-Founder of Absolute Wealth Advisers

Track your clients’ performance with Sharesight

Join thousands of professionals using Sharesight to track their clients’ wealth and get the full picture of their investment performance. Sign up for a free trial so you can:

• Track all your clients’ investments in one place, including stocks, ETFs, mutual/managed funds, property and even cryptocurrency
• Get the true picture of your clients’ investment performance, including the impact of brokerage fees, distributions, and capital gains with Sharesight’s annualised performance calculation methodology
• Run powerful reports built for investors, including performance, portfolio diversity, contribution analysis, multi-period, multi-currency valuation and future income (upcoming distributions)
• Run tax reports including taxable income (dividends/distributions), capital gains tax (Australia and Canada), traders tax (capital gains for traders in NZ) and FIF foreign investment fund income reports (NZ)

Put Sharesight to the test with a free 30-day no-risk trial – there are no billing details or credit card required and you can upgrade, downgrade or cancel at any time.

FURTHER READING

• How InstructAnt improved client service with Sharesight and AdviserLogic
• Why one accountant switched from Excel to Sharesight
• How SuperEquity uses Sharesight to keep clients informed on performance