Essential Money rebrands to Wealthwide

We’ve put together a story of why we decided to rebrand and our journey over the last few months.

There’s some FAQs below as well which should help answer any initial questions.

 
 

Frequently Asked Questions


Why have you decided to change the company name?

We wanted a company name that reflected what we actually do for our clients. We’ve moved on as a company in so many ways and the name Essential Money was no longer relevant. We also wanted a name our team, and future team members could be proud of.

How did you choose the name Wealthwide?

We engaged a creative agency called Studio LR to help us. They helped us work out the single, sharp idea of what we do – we help dentists see the full picture. We also defined our personality as a company that’s friendly, thought-provoking, mature, and upbeat. This gave us the confidence to select, from hundreds of options, the name Wealthwide, with the strap-line ‘life unboxed’.

Has Essential Money been bought out and has there been a change of ownership?

No, the owners/shareholders of Wealthwide remain the same and there has been no buy-out. Thomas Dickson remains the Managing Director.

Is Wealthwide Limited the same legal entity as Essential Money Limited?

Yes, it’s the same legal entity and the Company Registration Number remains 6127617. The FCA number will also remain the same 468119. The FCA will make the change on the register, within a few days of 23rd June 2021.

Will I notice any difference in the service I receive?

The purpose of our re-brand was to identify exactly what service we offer – lifestyle financial planning – and communicate that in a straightforward manner. Our service levels will remain as high as they always have been. One of the benefits of going through this process has been the fact it has injected an energy, enthusiasm, and excitement about the future for the whole team, so we are all committed and engaged in continuing to improve the service we offer.

Will my investments be affected?

Our investment philosophy remains the same, so there are no planned changes resulting from the re-brand. We have, however, been creating a sustainable investment portfolio to sit alongside our existing range, which we will launch later this year.


I’m not a dentist/no longer a dentist – is that OK?

Absolutely – although the majority of our clients are dentists, we have a significant number of non-dental clients that have been recommended to us over the last 25 years.

Will I be paying higher charges to fund this name change?

Certainly not! We’ve been planning this for a long time and the re-brand costs are all within budget.

Will the same administrative and adviser team still be in place at Wealthwide?

Yes, we’re all still here. We’re keen to continue to strengthen the team to help us maintain our service standards as we grow over the next decade, so we actually recruited more staff during lockdown.

Will the contact details changes?

Our phone number remains the same – 0121 685 5060. Our email addresses will change to ....@wealthwide.co.uk To avoid communication issues, any emails addressed to our previous emails ....@essentialmoney.co.uk will be forwarded to us, until further notice.

Will my login details for my Personal Finance Profile need to be changed?

You can continue to access your Personal Finance Profile with your usual login details. The link will eventually change to https://wealthwide.gb.pfp.net but for the time being you can access your portal here https://wealthwide.mypfp.co.uk

Will I need to re-sign my Terms of Business or Fee agreement?

As we are not changing the legal entity or our FCA registration, the existing Essential Money agreements will remain valid. To avoid any potential confusion, we have decided to re-issue our Client Agreement and Service and Payment Agreements under the Wealthwide Limited name. We will do this electronically (unless you have previously requested to be excluded from this service) so you can sign on-line. We have not made any material changes to the agreements.

Does the new name mean new bank details?

Our HSBC sort code and account number remain unchanged – the account name however will change to Wealthwide Limited. We’ve been advised that any standing orders will continue to be collected. If there’s any problems we’ll be in touch.

Where can I ask any further questions about the rebrand?

You can email team@wealthwide.co.uk You can also call us on 0121 685 5060.