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Information Account Personal space on the web owned by the consumer. A new consumer centric industry |
By creating an Information account I will be able to deal securely and efficiently with others and in particular those that help me maintain or improve my lifestyles and path to success. As a Consumer I want to learn how to manage my network of service and product providers so that we mutually benefit from our sustainable association and professional partnership relationships.
WealthCare (Link each wealthcare reference to WIG Industry Initiative words A ii.) gives me the opportunity to achieve this by providing a system allows me and other customers to through simple authorisations manage and share information, professional services fees and permissions relating to aggregation and consolidation of information by chosen service providers.
In simple terms I am doing nothing different from what I am doing now in working with my FP, Accountant, Loan manager and legal adviser. The WealthCare (Link each wealthcare reference to WIG Industry Initiative words A ii.) system simply enables me to appoint them as my “Agents” to create a ‘first duty of care’ to me and for them to interact with me within an electronic environment in which I control who can access what.
Importantly this is consumer centric in that only I can consolidate all of my information to my own totally secure personal device and many of the the ultimate benefits of aggregation and consolidation pass back to me via a unique, system, better products at a better price, discounts, equity trade credits and dividends. We call this the efficiency dividend, which is shared by all members including consumer, advisers, suppliers & the initial funders that create and develop this sustainable win win win solution.
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