WealthMore provides subscription-based financial planning by pairing clients with a dedicated CFP® advisor and an AI wealth coach named Mora. The service includes personalized investment portfolio management designed by professionals, all accessible through a mobile application. This advisor-led model offers ongoing support and progress tracking for a flat monthly fee without asset management charges.
Funding
$1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many individuals and families lack access to affordable, personalized financial advice due to high account minimums and fees associated with traditional wealth management services. This disparity prevents underserved communities from effectively planning for retirement, managing investments, and achieving their financial goals.
Solution
WealthMore provides a tech-enabled platform that connects users with licensed financial advisors and offers access to advisor-led portfolios and financial planning services, regardless of their current wealth. The platform aims to democratize wealth-building by removing barriers to entry, such as high minimum account balances, and offering a tiered pricing model to suit various financial situations. WealthMore combines the efficiency of technology with personalized human advice through direct messaging, texting, chat, and community features. The platform also incorporates an AI-powered scoring system to help users understand their financial standing and identify areas for improvement.
Target Audience
WealthMore primarily targets individuals and families who have been historically excluded from traditional wealth management services due to income or asset limitations, with a focus on Black women and other underserved communities.
Features
- Access to licensed wealth advisors for personalized financial guidance
- Interactive financial planning tools within a mobile app
- AI-powered scoring platform to assess financial health across multiple dimensions
- Community features enabling users to connect with others for support and shared learning
- Tiered pricing model starting at $25 per month
- Low account minimum of $5,000
- Financial planning advice on home buying, taxes, estate planning, insurance, and college and retirement planning