Allwealth.com Review

Based on checking the website Allwealth.com, it presents itself as an asset management company offering financial planning services for high and ultra-high net worth individuals, families, and institutions.

While the site emphasizes transparency, honesty, and a fiduciary standard, a deeper look reveals critical areas that raise concerns, particularly from an Islamic ethical perspective.

The core issue lies in the implicit and explicit offering of interest-based financial services, which is strictly prohibited in Islam due to the concept of Riba.

Furthermore, the lack of explicit information regarding Sharia-compliant investment options means the services are likely to involve conventional financial practices that are not permissible.

Therefore, Allwealth.com cannot be recommended for Muslims seeking ethical financial planning and asset management.

0.0 0.0 out of 5 stars (based on 0 reviews) Excellent0% Very good0% Average0% Poor0% Terrible0% There are no reviews yet. Be the first one to write one. Your review Your overall rating Select a Rating5 Stars4 Stars3 Stars2 Stars1 Star Title of your review Your review Your name Your email This review is based on my own experience and is my genuine opinion. ​ Submit Review

Amazon.com: Check Amazon for Allwealth.com Review Latest Discussions & Reviews:

Overall Review Summary:

• Company Name: All Seasons Wealth Allwealth.com
• Services Offered: Asset Management, Financial Planning, Divorce & Estate Planning, Retirement Planning, Specialized Services for Medical Professionals, Young Professionals, Business Owners, Women Investors.
• Target Audience: High and Ultra-High Net Worth Individuals, Families, Institutions.
• Ethical Review Islamic Perspective: Not recommended. The services appear to be based on conventional financial models which typically involve interest Riba, a practice forbidden in Islam. There is no mention of Sharia-compliant investment options or financial products.
• Transparency: Claims transparency and fiduciary standard, but lacks clear information on underlying investment structures, especially regarding Riba.
• Key Concern: Apparent reliance on conventional, interest-based financial instruments.

While Allwealth.com emphasizes personalized guidance and aligns with a fiduciary standard, ensuring client interests are prioritized, the absence of any mention of Sharia-compliant financial products or services is a significant red flag for Muslim clients.

For those seeking to grow their wealth in a manner consistent with Islamic teachings, exploring genuinely Sharia-compliant alternatives is paramount.

Here are some ethical, non-edible alternatives in the financial and wealth management space that align with Islamic principles:

• Amanah Ventures: A venture capital firm focusing on ethical investments in startups that align with Islamic values. Key Features: Focuses on equity-based investments, avoids interest, and seeks to foster innovation in ethical sectors. Price: Investment amounts vary based on funding rounds. Pros: Direct equity, supports ethical businesses, potential for high growth. Cons: Higher risk associated with venture capital, less liquidity.
• Wahed Invest: An automated investment platform robo-advisor offering Sharia-compliant portfolios. Key Features: Diversified portfolios screened for Sharia compliance, low minimums, easy-to-use platform. Price: Management fees typically range from 0.49% to 0.99% annually depending on account size. Pros: Accessible, fully Sharia-compliant, automated rebalancing. Cons: Limited customization compared to traditional advisors, primarily focused on ETFs and Sukuk.
• Guidance Residential: A leading provider of Sharia-compliant home financing in the U.S. Key Features: Offers Ijara lease-to-own and Murabaha cost-plus-profit financing structures, avoids conventional mortgages and interest. Price: Varies based on property value and financing structure. Pros: Allows home ownership without Riba, established track record, widely accepted in the Muslim community. Cons: Can have a longer application process, potentially higher closing costs than conventional loans.
• Lariba Bank: A pioneering institution offering interest-free banking and financing solutions. Key Features: Provides various Sharia-compliant financial products including business financing, personal financing, and investment accounts. Price: Fees and profit rates vary by service. Pros: Comprehensive range of interest-free services, committed to Islamic finance principles. Cons: Branch network may be limited depending on location, perhaps less technologically advanced than mainstream banks.
• Safa.vc: An investment platform focused on ethical and Sharia-compliant alternative investments, often in real estate or private equity. Key Features: Direct investment opportunities in real assets, strict Sharia screening, transparency. Price: Varies by investment opportunity. Pros: Direct exposure to real assets, avoids stock market volatility, high potential for ethical impact. Cons: Less liquidity, higher investment minimums, requires due diligence on specific projects.
• Wealthsimple Halal Investing Check for US availability as they are strong in Canada: A robo-advisor offering a Halal investment portfolio. Key Features: Automatically invests in a diversified portfolio of Sharia-compliant ETFs, low fees, easy setup. Price: Management fee typically 0.5% on balances under $100,000. Pros: Simple, diversified, automated, and Sharia-compliant. Cons: Limited to ETFs, less personal interaction compared to human advisors.
• Zoya App: While not an investment firm, Zoya is an app that helps Muslims screen stocks for Sharia compliance. Key Features: Real-time stock screening, portfolio tracking, and ethical analysis. Price: Free with premium features available. Pros: Empowers self-directed investors to make Sharia-compliant choices, user-friendly interface. Cons: Does not manage investments directly, requires user to execute trades through a brokerage.

Find detailed reviews on Trustpilot, Reddit, and BBB.org, for software products you can also check Producthunt.

IMPORTANT: We have not personally tested this company’s services. This review is based solely on information provided by the company on their website. For independent, verified user experiences, please refer to trusted sources such as Trustpilot, Reddit, and BBB.org.

Allwealth.com Review & First Look

Based on looking at the website Allwealth.com, the platform presents itself as “All Seasons Wealth,” an asset management company targeting high and ultra-high net worth individuals, families, and institutions.

The initial impression is one of professionalism and trustworthiness, with a clean design and language emphasizing core values like transparency, honesty, and a fiduciary standard.

They highlight a personalized approach, acknowledging that “Everyone has a different money situation and starts their financial journey at different times.” This bespoke service aims to provide “realistic and personalized financial guidance” to support clients’ decisions, monitoring investments and adjusting strategies as life, goals, and markets evolve.

The website clearly states its commitment to acting in the client’s best interest, aligning their practice with clients’ goals.

They position themselves as independent financial advisors, offering “a personalized financial strategy, not a generic investment program.” This implies a tailored portfolio design based on “unique situation, your attitudes, preferences, and goals,” built to adapt to changing market conditions and personal circumstances. Crackersbay.com Review

A significant point of assurance is the mention of FINRA’s BrokerCheck, allowing users to verify the firm’s background, which adds a layer of regulatory transparency.

However, from an ethical standpoint, particularly within an Islamic framework, several critical questions arise regarding the underlying financial instruments and practices, which are not explicitly detailed.

What is Allwealth.com?

Allwealth.com, operating as All Seasons Wealth, positions itself as a specialized financial planning and asset management firm.

Their primary offering revolves around managing investments and providing strategic financial advice.

The firm targets a specific demographic: affluent individuals and entities who require sophisticated wealth management solutions. Ideastoreach.com Review

They present their service as a partnership, aiming to help clients “achieve financial independence and plan for life’s events.” The core of their business involves understanding client needs, offering professional advice, managing risk, and overseeing investments to help clients reach their financial aspirations.

• Core Services: Asset management, financial planning, investment monitoring.
• Target Market: High net worth individuals, families, institutions.
• Client Philosophy: Personalized, transparent, fiduciary standard.
• Operational Focus: Long-term financial planning, adapting to client and market changes.

The Missing Sharia Compliance Check

One of the most glaring omissions on the Allwealth.com website, from an Islamic ethical perspective, is any mention of Sharia-compliant investment options or principles.

In Islamic finance, adherence to Sharia law is paramount. This means strictly avoiding:

• Riba Interest: Any form of interest, whether charged or received, is forbidden.
• Gharar Excessive Uncertainty: Transactions with excessive ambiguity or speculation are prohibited.
• Maysir Gambling: Investments or transactions involving gambling or excessive risk are not allowed.
• Investments in Haram Industries: Companies involved in alcohol, tobacco, pornography, conventional banking, gambling, or pork are generally excluded.

Without explicit declarations or offerings of Sharia-compliant products, it is safe to assume that Allwealth.com operates within conventional financial frameworks that inherently involve interest-based transactions and investments in industries that may not align with Islamic principles.

This makes their services problematic for observant Muslims. Omancloud.com Review

• Absence of Key Terms: No mention of “Halal investing,” “Sharia-compliant funds,” “Sukuk,” or “Takaful.”
• Assumed Conventional Practices: The standard offerings of asset management typically involve bonds, interest-bearing accounts, and conventional stock markets that include non-Sharia-compliant companies.
• Ethical Incompatibility: The fundamental structure of their services, without specific Sharia screening, is likely to be incompatible with Islamic financial ethics.

Allwealth.com Features: An Overview

Allwealth.com, through its “All Seasons Wealth” brand, outlines a suite of features designed to cater to the complex financial needs of its affluent clientele.

They emphasize a holistic approach to financial planning, acknowledging that wealth management is not just about numbers but about supporting clients through various life stages and financial decisions.

The website highlights their commitment to “developing trust by having honest conversations,” aiming to foster long-term partnerships rather than transactional relationships.

Their feature set appears to cover several critical aspects of wealth management, from direct investment oversight to specialized planning for specific life events.

However, as noted previously, the underlying mechanisms of these features are presumed to be conventional, raising concerns for Sharia-conscious investors. Vxldollar.com Review

The lack of any specific callouts for Islamic finance or ethical screening beyond broad “transparency” is a significant gap.

Comprehensive Financial Planning and Advice

Allwealth.com positions itself as more than just an investment manager. they aim to be a comprehensive financial advisor.

They state, “We’re here through every step of the financial planning process to translate and help you make a custom financial plan based on your specific goals in each precious season of your life.” This implies a deep engagement with clients to understand their financial aspirations, risk tolerance, and life circumstances.

• Personalized Strategy: The firm promises individualized financial strategies, moving away from generic investment programs.
• Goal-Oriented Planning: Services are tailored to help clients achieve specific financial dreams and life goals.
• Adaptability: Plans are designed to account for changes in market conditions and personal situations, ensuring flexibility.
• Risk Management: Emphasis on “sound risk management” to protect and grow client assets responsibly.

Specialized Financial Solutions for Diverse Needs

The website showcases distinct “Learn More” sections catering to various client segments and specific life events.

This indicates a specialized approach to address the unique financial challenges faced by different groups. Growtechworld.com Review

While this level of specialization can be beneficial, the same Islamic ethical concerns apply to these tailored services if they involve conventional financial products.

• Divorce & Estate Planning: This highly sensitive area involves planning for asset division, trusts, wills, and ensuring smooth wealth transfer, often requiring legal coordination.
• Medical Professionals: Tailored advice for doctors, surgeons, and other healthcare professionals who often have unique income streams, debt loads, and retirement planning needs.
• Young Professionals: Guidance for individuals early in their careers who are accumulating wealth, managing student debt, and planning for major life milestones.
• Business Owners: Services for entrepreneurs and business owners, focusing on business succession, liquidity events, tax strategies, and integrating personal and business finances.
• Women Investors: Recognition of the distinct financial considerations and empowerment needs for women in investing, potentially addressing longevity, career breaks, and family planning.
• Retirement Planning: Comprehensive strategies for pre-retirement and post-retirement phases, ensuring sustainable income, healthcare planning, and legacy building.

Fiduciary Standard and Transparency Commitment

A significant emphasis on the Allwealth.com homepage is their adherence to a fiduciary standard.

They explicitly state, “We will always follow a fiduciary standard throughout the financial planning engagement.

As such, we will place your interests ahead of our own when providing professional services.” This is a crucial distinction in the financial industry, as it legally obligates the advisor to act solely in the client’s best interest, avoiding conflicts of interest.

• Fiduciary Duty: Legal and ethical obligation to put client interests first.
• Open Communication: Belief in “openness, transparency, and honesty in all of our communications.”
• Aligned Interests: Assurance that “our interests are aligned with yours,” fostering trust.
• Simplified Approach: A stated preference for simplicity, avoiding complex offerings that “generally have higher hidden expenses and questionable liquidity issues.” This suggests a client-centric view on investment complexity.

Allwealth.com Pros & Cons from a general perspective

When evaluating Allwealth.com from a conventional financial perspective, several potential advantages and disadvantages emerge based on the information provided on their homepage. Craftszone.shop Review

It’s important to remember that these are assessed without the lens of Islamic finance, which would heavily shift the balance towards “cons” due to the inherent interest-based nature of typical wealth management.

Potential Advantages of Allwealth.com from a conventional view

• Fiduciary Standard: Their explicit commitment to a fiduciary standard is a major plus, as it legally binds them to act in the client’s best interest. This can offer a higher level of trust compared to advisors who operate under a suitability standard.
• Personalized Approach: The emphasis on tailored financial plans for diverse client segments e.g., medical professionals, business owners, women investors suggests a deep understanding of varied financial needs. This contrasts with one-size-fits-all solutions.
• Transparency Focus: Their claim of “openness, transparency, and honesty” is a positive signal, aiming to demystify complex financial decisions for clients.
• Independent Advisors: Being independent allows them to offer a broader range of investment options without being tied to specific proprietary products, potentially leading to more objective advice.
• Holistic Planning: Beyond just investment management, they offer comprehensive financial planning covering various life events like divorce and estate planning, which adds significant value.
• Geographic Reach: Mentioning multiple locations Tampa, Seminole, Tulsa, Williamsport indicates a broader physical presence, which might be appealing to clients in those areas.
• FINRA BrokerCheck Link: Providing a direct link to FINRA BrokerCheck enhances credibility and allows potential clients to easily verify the firm’s regulatory history and professional qualifications.

Significant Disadvantages of Allwealth.com from an Islamic ethical view

For a Muslim audience, the “pros” listed above become largely irrelevant due to the fundamental incompatibility with Islamic financial principles. Here are the critical disadvantages:

• Lack of Sharia Compliance: This is the most significant drawback. The website makes no mention of Sharia-compliant investment options, screening processes, or Islamic finance principles. This strongly implies that their services operate within conventional financial systems that involve interest Riba and investments in impermissible industries, both of which are forbidden in Islam.
• Involvement in Interest Riba: Standard asset management practices invariably involve interest-bearing instruments like bonds, money market accounts, and loans. Engaging in such transactions, whether receiving or paying interest, is strictly prohibited in Islam.
• Investments in Non-Halal Sectors: Without explicit Sharia screening, the investment portfolios likely include companies involved in alcohol, gambling, conventional banking, pornography, and other industries deemed impermissible haram in Islam.
• Conventional Estate Planning: While beneficial in a secular context, conventional estate planning may conflict with Islamic inheritance laws Fara’id unless specifically structured to adhere to them. The website gives no indication of offering Sharia-compliant estate planning.
• Potential for Gharar Uncertainty and Maysir Gambling: While the firm emphasizes sound risk management, conventional investment strategies can still involve elements of excessive uncertainty or speculation that might be considered Gharar or Maysir from an Islamic perspective, especially in derivatives or highly speculative assets.
• No Explicit Ethical Investment Filter: Beyond broad claims of transparency, there is no mention of environmental, social, and governance ESG or other ethical screening criteria that would align with Islamic values e.g., avoiding companies with high debt, non-halal revenue streams.
• Focus on “Wealth” Without “Blessing”: The very name “Allwealth” and the focus on “high and ultra-high net worth” implicitly prioritizes material accumulation within conventional frameworks, potentially overlooking the spiritual dimension of wealth Barakah and its ethical acquisition and distribution as emphasized in Islam.

In summary, while Allwealth.com might be a suitable choice for those operating within conventional financial paradigms, its complete lack of alignment with Islamic finance principles makes it an unsuitable and ethically problematic option for Muslims.

Allwealth.com Alternatives

Given the fundamental incompatibility of Allwealth.com’s conventional financial services with Islamic principles, it is crucial for Muslims to seek out genuinely Sharia-compliant alternatives.

These alternatives focus on ethical wealth management that adheres to Islamic law, ensuring investments and financial planning avoid Riba interest, Gharar excessive uncertainty, Maysir gambling, and investments in impermissible industries. Bitlucy.com Review

Here are seven prominent alternatives that align with Islamic ethical guidelines, offering solutions for investing, financing, and financial planning:

• Wahed Invest:
  • Key Features: Global Sharia-compliant robo-advisor. Offers diversified portfolios automatically screened for adherence to Islamic principles, including stocks, Sukuk Islamic bonds, and gold. User-friendly mobile app for easy account management.
  • Pros: Fully automated, low minimums, broad diversification, transparent Sharia screening. Accessible for beginners.
  • Cons: Limited customization compared to human advisors, primarily ETF-based.
  • Average Price: Management fees typically range from 0.49% to 0.99% annually depending on account size.
• Amanah Ventures:
  • Key Features: Focuses on venture capital and private equity investments in ethical, Sharia-compliant startups and growth companies. Aims for high social and financial impact.
  • Pros: Direct equity investment, supports innovative ethical businesses, potential for significant returns, aligns with entrepreneurial spirit in Islam.
  • Cons: Higher risk typical of venture capital, illiquid investments, higher minimum investment thresholds.
  • Average Price: Varies based on specific investment opportunities and fund structures. typically involves management fees and carried interest.
• Guidance Residential:
  • Key Features: Leading provider of Sharia-compliant home financing in the U.S. Utilizes Ijara lease-to-own and Murabaha cost-plus-profit models to avoid interest-based mortgages.
  • Pros: Enables homeownership without Riba, widely recognized and trusted within the Muslim community, clear and transparent financing structures.
  • Cons: Application process can sometimes be longer than conventional mortgages, availability may vary by state, potentially higher closing costs.
  • Average Price: Profit rates and closing costs vary based on market conditions, property value, and financing type.
• Lariba Bank:
  • Key Features: Offers a range of interest-free banking and financing services for individuals and businesses, including commercial financing, personal loans Murabaha, and investment accounts. Pioneers in Islamic banking in the U.S.
  • Pros: Comprehensive suite of Sharia-compliant financial products, committed to ethical banking, long-standing presence.
  • Cons: May have fewer physical branches and a less extensive ATM network than large conventional banks, digital services might not be as advanced.
  • Average Price: Fees and profit rates on financing vary by product.
• Safa.vc:
  • Key Features: An investment platform specializing in Sharia-compliant alternative investments, often in real estate, private equity, and structured finance deals. Focuses on real asset-backed opportunities.
  • Pros: Direct investment in tangible assets, potential for stable returns, rigorous Sharia compliance, diversification away from public markets.
  • Cons: Less liquid investments, typically higher investment minimums, requires careful due diligence on each specific deal.
  • Average Price: Varies per project. generally involves a percentage of profits or fixed fees.
• Wealthsimple Halal Investing:
  • Key Features: Primarily strong in Canada, confirm US availability A robo-advisor offering a Halal investment portfolio. Automatically invests in a diversified portfolio of Sharia-compliant Exchange Traded Funds ETFs and Sukuk.
  • Pros: Simple setup, automated investing, low management fees, broad market exposure through ETFs, easy rebalancing.
  • Cons: Limited investment options primarily ETFs, less personalized advice than a human advisor, geographical limitations for some users.
  • Average Price: Management fee typically 0.5% on balances under $100,000.
• Zoya App:
  • Key Features: A mobile application that helps Muslims screen individual stocks for Sharia compliance in real-time. Provides detailed reports on company activities, financial ratios, and permissibility status. Includes portfolio tracking and news.
  • Pros: Empowers self-directed investors, user-friendly interface, comprehensive Sharia screening, constantly updated database.
  • Cons: Does not manage investments directly. users still need a brokerage account to trade. Free version has limitations.
  • Average Price: Free basic access. premium subscription for advanced features e.g., ~$10-$15/month.

These alternatives represent a crucial shift from conventional finance, offering ways to manage and grow wealth while adhering to the profound ethical principles of Islam.

How to Avoid Conventional Financial Services Like Allwealth.com

Avoiding conventional financial services like those offered by Allwealth.com, which inherently rely on interest-based models and potentially invest in non-halal sectors, is a fundamental step for Muslims seeking to align their wealth with Islamic principles. This isn’t just about financial prudence.

It’s about spiritual integrity and seeking Barakah blessing in one’s earnings.

The key lies in being proactive, informed, and diligent in seeking out Sharia-compliant alternatives. Claimfreetrx.online Review

Understanding the Islamic Stance on Riba and Conventional Finance

The prohibition of Riba interest is one of the most emphasized commandments in Islamic finance. It’s not merely a moral suggestion.

It’s a fundamental principle designed to foster equitable economic systems, discourage exploitation, and promote real economic activity over speculative gains.

• Riba’s Prohibition: Explicitly condemned in the Quran e.g., Al-Baqarah 2:275-280 and Hadith. It’s viewed as an unjust increase in wealth without corresponding real economic activity or risk-sharing.
• Consequences: Engaging in Riba is considered a major sin. It is believed to remove Barakah blessing from wealth and lead to societal imbalances.
• Beyond Interest: Islamic finance also restricts investments in industries like alcohol, gambling, pork, and conventional banking/insurance due to their impermissible nature haram.

Steps to Ensure Sharia Compliance in Financial Planning

For Muslims, engaging in financial planning and asset management requires a different approach than what conventional firms offer.

It demands a commitment to understanding and applying Islamic ethical guidelines at every step.

1. Educate Yourself on Islamic Finance: Before making any financial decisions, understand the basics of Islamic finance, including the prohibitions of Riba, Gharar, and Maysir, and the permissibility criteria for investments. Resources include books, online courses, and reputable Islamic scholars.
2. Seek Sharia-Compliant Institutions: Prioritize financial institutions and advisors that explicitly state their adherence to Sharia principles and ideally have a Sharia supervisory board. These entities are structured to offer halal products and services.
3. Invest in Halal Assets: Focus on real assets, equity-based investments, and ethical businesses. This includes:
   • Halal Stocks: Companies whose primary business activities are permissible and whose financial ratios e.g., debt to equity meet Sharia standards. Utilize screening tools like the Zoya App.
   • Sukuk Islamic Bonds: Asset-backed securities that represent ownership in tangible assets or ventures, structured to avoid interest.
   • Islamic Funds: Mutual funds or ETFs that invest only in Sharia-compliant assets.
   • Real Estate: Direct investment in properties not through interest-bearing mortgages.
4. Avoid Interest-Bearing Products:
   • Conventional Savings Accounts: Steer clear of traditional bank accounts that pay interest. Opt for current accounts or profit-sharing Mudarabah accounts if available from Islamic banks.
   • Conventional Loans/Mortgages: Avoid standard interest-based loans. Instead, look for Murabaha cost-plus financing, Ijara lease-to-own, or Musharakah partnership financing.
   • Credit Cards: Be cautious with credit cards. If used, ensure timely payment to avoid interest charges entirely. Some Islamic financial institutions offer Sharia-compliant credit cards without interest.
5. Plan for Zakat and Inheritance: Integrate Zakat obligatory charity calculations into your financial planning. Ensure your estate planning aligns with Islamic inheritance laws Fara’id, which often differ significantly from conventional wills. Seek advice from knowledgeable Islamic scholars or specialized Sharia estate planners.
6. Regularly Review Investments: Periodically review your investment portfolio to ensure ongoing Sharia compliance. Markets and company activities can change, potentially affecting the permissibility of an investment.

By diligently following these steps, Muslims can build a financial plan and manage their wealth in a way that is not only robust but also spiritually fulfilling, earning Barakah and contributing to a more just and ethical economic system. Medical-secure.com Review

Allwealth.com Pricing

The Allwealth.com website, while providing extensive information about its services and philosophy, notably does not disclose specific pricing, fee structures, or minimum investment requirements directly on its homepage or in easily accessible public sections. This is a common practice among high-net-worth wealth management firms, as their services are highly customized, and fees often depend on the complexity of the client’s financial situation, the volume of assets under management AUM, and the specific services requested.

Instead of fixed pricing, the site encourages potential clients to “Send us a message to get started today!” or “Let’s get in touch” by phone or email.

This implies that pricing discussions occur after an initial consultation where the firm assesses the client’s needs and assets.

Typical Fee Structures in Conventional Wealth Management

For high-net-worth individuals, wealth management fees typically fall into a few categories:

1. Assets Under Management AUM Fee: This is the most prevalent model. Advisors charge a percentage of the total assets they manage for the client.
   • Typical Range: For assets over $1 million, these fees often range from 0.50% to 1.50% annually.
   • Tiered Structures: Often, firms use a tiered system, where the percentage decreases as the AUM increases. For example, 1% on the first $1 million, 0.75% on the next $2 million, etc.
   • Example Calculation: If a firm charges 1% on $5 million AUM, the annual fee would be $50,000.
2. Hourly Fees: Less common for comprehensive wealth management, but sometimes used for specific financial planning consultations.
   • Typical Range: $150 to $400+ per hour.
3. Flat Fees: A fixed annual or one-time fee for a specific service or comprehensive plan, regardless of AUM.
   • Typical Range: Can range from a few thousand dollars to tens of thousands annually, depending on complexity.
4. Commissions: While Allwealth.com emphasizes its fiduciary standard which generally means fee-only or fee-based to minimize conflicts of interest, some firms might incorporate commission-based products, though this is less likely for independent fiduciaries.
5. Performance Fees: Rarely used for standard wealth management due to regulatory complexities, but common in hedge funds or private equity. This involves the advisor taking a percentage of the investment gains.

Why Transparency on Fees is Important and Often Lacking

While customized pricing makes sense for bespoke services, the absence of even a general fee range or a clear explanation of their fee model on a public website can be a point of concern for consumers. Sosocialadvertising.com Review

• Consumer Clarity: Potential clients have no initial benchmark to assess if the services are within their expected budget.
• Comparison Difficulty: Without fee information, it’s challenging to compare Allwealth.com’s cost-effectiveness against competitors.
• Hidden Costs Perception: Lack of upfront pricing can sometimes create a perception of hidden costs or that fees are negotiable only for very high-net-worth clients.

For Islamic finance, understanding the fee structure is even more critical.

While AUM fees themselves are generally permissible as they are service fees, not interest, it’s the underlying investments that must be rigorously screened for Sharia compliance.

The absence of specific fee details means that, even if the fee structure were deemed permissible, the core services rendered would likely remain problematic from an Islamic perspective due to the conventional nature of the investments.

Allwealth.com vs. Sharia-Compliant Alternatives

When comparing Allwealth.com with Sharia-compliant alternatives, it’s not a matter of which firm is “better” in a general sense, but rather which aligns with specific ethical and religious requirements.

Allwealth.com, as a conventional wealth management firm, aims to maximize financial returns within established market norms. Essicosmeticsurgery.com Review

Sharia-compliant alternatives, however, prioritize adherence to Islamic law as a foundational principle, even if it means foregoing certain conventional investment opportunities.

Allwealth.com Conventional Wealth Management

• Primary Objective: Maximize financial growth and manage risk using conventional financial instruments and strategies.
• Fee Structure: Likely AUM-based fees, potentially other service fees not explicitly stated.
• Investment Scope: Broad access to conventional stock markets, bonds, mutual funds, ETFs, and other mainstream financial products.
• Ethical Framework: Operates within secular financial regulations e.g., SEC, FINRA and a fiduciary duty to prioritize client financial interests. No inherent religious or moral screening beyond legal requirements.
• Target Audience: High and ultra-high net worth individuals seeking standard, personalized financial planning.
• Advantages Conventional: Broad investment universe, extensive historical data on conventional products, potential for highly diversified portfolios across all sectors, robust regulatory oversight.
• Disadvantages Islamic Perspective: Almost certainly involves Riba interest, invests in non-halal industries alcohol, gambling, conventional banking, etc., estate planning may conflict with Islamic inheritance laws, spiritual incompatibility for observant Muslims.

Sharia-Compliant Alternatives e.g., Wahed Invest, Guidance Residential, Amanah Ventures

• Primary Objective: Maximize financial growth while strictly adhering to Islamic ethical and legal principles Sharia. This means avoiding Riba, Gharar, Maysir, and investments in impermissible sectors.
• Fee Structure: Varies, but structured to be permissible e.g., management fees for AUM, profit-sharing for financing, service fees.
• Investment Scope: Limited to Sharia-compliant assets, including:
  • Halal Stocks: Equities of companies whose business activities and financial ratios pass rigorous Sharia screening.
  • Sukuk: Asset-backed Islamic bonds structured without interest.
  • Real Estate: Direct investments or equity-based property financing.
  • Ethical Private Equity/Venture Capital: Investments in startups or private companies that align with Islamic values.
  • Halal Gold/Silver: Investments in physical precious metals.
• Ethical Framework: Governed by a Sharia Supervisory Board that vets all products, services, and transactions for compliance with Islamic law. Adherence to ethical investment principles is paramount.
• Target Audience: Muslims who wish to manage their wealth in accordance with their faith, and increasingly, non-Muslims interested in ethical investing.
• Advantages:
  • Spiritual Peace: Ensures wealth is acquired and managed in a way that is pleasing to God, bringing Barakah.
  • Ethical Alignment: Supports industries and businesses that contribute positively to society, avoiding harmful sectors.
  • Risk-Sharing: Promotes risk-sharing models over interest-based debt, fostering greater economic stability and justice.
  • Growing Market: Increasing number of sophisticated and accessible Sharia-compliant products globally.
• Disadvantages:
  • Limited Investment Universe: The exclusion of interest-based products and certain industries can reduce the total universe of investment options.
  • Potentially Lower Liquidity: Some Sharia-compliant investments, especially in private equity or real estate, might have lower liquidity than publicly traded conventional assets.
  • Slightly Higher Fees in some cases: The additional layer of Sharia compliance and screening can sometimes lead to marginally higher operational costs, though this is becoming less common.
  • Niche Market: While growing, the Islamic finance sector is still smaller than conventional finance, meaning fewer providers and less widespread awareness.

The Decisive Factor: Values and Beliefs

The choice between Allwealth.com and Sharia-compliant alternatives is ultimately driven by one’s values and beliefs.

For a Muslim, the foundational principles of Islamic finance make conventional wealth management problematic, regardless of its secular efficiency or personalization.

The spiritual imperative to avoid Riba and engage in ethical financial practices outweighs the perceived benefits of conventional offerings.

Therefore, for a Muslim seeking to manage their wealth according to their faith, Sharia-compliant alternatives are not merely an option but a necessity. Cubixcoolers.com Review

How to Cancel Allwealth.com Subscription Hypothetical

Based on the information available on the Allwealth.com website, there is no mention of a “subscription” model in the typical sense like a monthly digital service. Instead, Allwealth.com appears to be a traditional asset management and financial planning firm that operates on a client-advisor relationship, likely with fees based on assets under management AUM or specific service agreements. Therefore, “canceling a subscription” would translate to terminating the client relationship and withdrawing assets.

Since the website does not provide specific instructions for terminating services, the process would generally follow the protocols for disengaging with a financial advisory firm.

General Steps for Terminating a Financial Advisor Relationship:

1. Review Your Client Agreement: The very first step is to carefully review the client agreement or service contract you signed with All Seasons Wealth Allwealth.com when you onboarded. This document will outline the terms of termination, notice periods required, any potential exit fees, and procedures for transferring assets.
   • Key things to look for:
     • Notice period for termination e.g., 30, 60, or 90 days.
     • Any penalties or fees for early termination or asset transfer.
     • Instructions on how to formally submit a termination request.
2. Notify Your Advisor Formally: While a phone call or email might initiate the conversation, it is crucial to submit a formal, written notice of your intent to terminate.
   • Recommended Method: Send a certified letter with a return receipt requested to ensure proof of delivery. An email can also be sent as a backup, but always follow up with a formal letter.
   • Content of the Letter: Clearly state your intention to terminate the advisory relationship, the effective date of termination adhering to any notice periods, and instructions regarding your assets.
   • Example Wording: “Please accept this letter as formal notification of my decision to terminate my financial advisory relationship with All Seasons Wealth, effective . I request that all my assets currently managed by your firm be prepared for transfer to or .”
3. Initiate Asset Transfer: You will typically need to open an account with a new financial institution e.g., a Sharia-compliant investment platform, a new brokerage firm, or an Islamic bank before you formally terminate.
   • ACATS Automated Customer Account Transfer Service: For transfers between brokerage firms, your new firm can usually initiate an ACATS transfer, which is the most efficient way to move assets e.g., stocks, bonds, mutual funds directly without liquidating them.
   • Direct Rollover/Wire Transfer: For retirement accounts like IRAs or cash, you might need to initiate a direct rollover or wire transfer.
   • Liquidation: If your assets cannot be transferred in kind e.g., proprietary funds, or if you wish to invest in entirely different Sharia-compliant assets, you may need to request the liquidation of your portfolio, with the proceeds wired to your designated bank account.
4. Confirm All Accounts Are Closed/Transferred: After the designated termination date and asset transfer, verify that all accounts with Allwealth.com are formally closed and that all your assets have been successfully transferred to your new custodian.
   • Check Statements: Monitor your statements from both the old and new firms to ensure everything is accounted for.
   • Final Confirmation: Request a final confirmation in writing from Allwealth.com that your account is closed and they no longer hold any of your assets.
5. Address Any Outstanding Fees: Ensure any final outstanding fees are settled according to your agreement.

Key Considerations for a Muslim Client:

• Sharia-Compliant Destination: The most critical step is to ensure that the destination of your assets is a genuinely Sharia-compliant institution. This might mean opening accounts with Islamic banks, halal investment platforms, or ethical wealth managers specializing in Islamic finance.
• Asset Liquidation: If your current portfolio contains non-Sharia-compliant assets e.g., conventional bonds, interest-bearing ETFs, stocks of haram companies, you will need to liquidate these. Any income generated from these impermissible assets e.g., interest, dividends from haram companies should be purified by donating it to charity, without expecting any reward.
• Consult a Scholar: For complex financial situations or questions regarding purification, consult with a knowledgeable Islamic scholar specializing in finance.

Since Allwealth.com does not offer a public “cancel subscription” button or clear termination policy online, the process would be a formal disengagement requiring direct communication and adherence to contractual terms.

How to Cancel Allwealth.com Free Trial Hypothetical

Based on the publicly available information on the Allwealth.com website, there is no indication of a “free trial” offer for their asset management or financial planning services. Companies offering services to high and ultra-high net worth individuals typically do not provide free trials in the way a software-as-a-service SaaS company or a media streaming service would. Their model is based on personalized consultations and a client onboarding process that leads directly into a paid service agreement.

Therefore, the concept of “canceling a free trial” for Allwealth.com is not applicable. Potential clients would likely engage in: Atalis.io Review

• Initial Consultations: These are usually complimentary meetings where the firm assesses the prospective client’s financial situation and explains their services. These consultations are for information gathering and relationship building, not a trial of managed assets.
• Proposal Presentation: Following the initial consultation, the firm might present a tailored proposal outlining their recommended strategy and associated fees.
• Contract Signing: If the client agrees, they would sign a formal client agreement or contract, at which point the paid services would commence.

What if a “Trial” was offered Hypothetically?

If, hypothetically, Allwealth.com were to offer some form of a “trial” e.g., a limited-time analysis of a portfolio without commitment, or access to a restricted planning tool, the cancellation process would almost certainly involve:

1. Reviewing Trial Terms: Any legitimate trial would have explicit terms and conditions outlining how to cancel, what services are included, and any data retention policies.
2. Direct Contact: Contacting Allwealth.com directly via their listed phone number 813 490-6610 or email would be the primary method.
3. Confirmation: Requesting written confirmation of the trial cancellation to ensure no unintended charges or services continue.

Key Considerations if a “Trial” Involved Financial Activities Hypothetical

Even if a “trial” existed, for a Muslim client, it would still raise the fundamental question of Sharia compliance.

If the trial involved any form of investment or financial planning that did not explicitly adhere to Islamic principles e.g., by simulating interest-based returns or suggesting investments in non-halal sectors, it would still be problematic.

• No Engagement in Impermissible Activities: A Muslim should avoid even “trying out” services that involve Riba or other forbidden elements, as it legitimizes them.
• Seeking Halal Alternatives: Focus should immediately shift to exploring and engaging with Sharia-compliant financial advisors and platforms that offer genuinely ethical services from the outset, rather than attempting to navigate or cancel potentially problematic conventional offerings.

In conclusion, the concept of a “free trial” for Allwealth.com does not seem to exist based on their public website.

Their engagement model is built on direct consultation and formal service agreements. Islesco.com Review

FAQ

Allwealth.com operates as All Seasons Wealth, an asset management and financial planning company specializing in services for high and ultra-high net worth individuals, families, and institutions.

Does Allwealth.com offer Sharia-compliant financial services?

No, based on the information available on their website, Allwealth.com does not explicitly mention or offer any Sharia-compliant financial services, implying their offerings align with conventional, interest-based financial models.

Is Allwealth.com suitable for Muslim investors?

No, Allwealth.com is generally not suitable for Muslim investors due to its apparent reliance on conventional financial practices which typically involve interest Riba and investments in industries that are not permissible in Islam.

What kind of financial planning services does Allwealth.com offer?

Allwealth.com offers comprehensive financial planning, asset management, risk management, and specialized services for specific client segments like medical professionals, business owners, women investors, and those needing divorce or retirement planning.

What is the primary concern with Allwealth.com from an Islamic perspective?

The primary concern is the absence of any indication of Sharia compliance, meaning their services likely involve interest-based transactions Riba and investments in non-halal sectors, both of which are forbidden in Islam. Atlascarpetart.com Review

Does Allwealth.com adhere to a fiduciary standard?

Yes, Allwealth.com explicitly states on its website that it follows a fiduciary standard, meaning they are legally and ethically obligated to place clients’ interests ahead of their own.

Where is Allwealth.com located?

Allwealth.com mentions operating in Tampa, Seminole, Tulsa, and Williamsport, indicating a physical presence in these areas.

How transparent is Allwealth.com about its fees?

Allwealth.com’s website does not publicly disclose specific pricing or fee structures.

Typically, such firms discuss fees after an initial consultation, often based on a percentage of assets under management.

Can I get a free trial of Allwealth.com’s services?

No, based on their website, Allwealth.com does not appear to offer a “free trial” in the typical sense.

Their engagement model involves initial consultations followed by formal service agreements.

What are some ethical alternatives to Allwealth.com for Muslims?

Ethical alternatives for Muslims include Wahed Invest, Amanah Ventures, Guidance Residential, Lariba Bank, Safa.vc, Wealthsimple Halal Investing, and the Zoya App for stock screening, all of which aim for Sharia compliance.

What is Riba in Islamic finance?

Riba refers to interest or any unjust, exploitative, or gratuitous increase in money or goods obtained from a transaction without corresponding risk-sharing or tangible economic activity, and it is strictly prohibited in Islam.

How do Sharia-compliant investments avoid Riba?

Sharia-compliant investments avoid Riba by focusing on equity-based financing, profit-and-loss sharing agreements, asset-backed transactions like Sukuk, and tangible asset investments rather than debt-based instruments.

What types of industries are prohibited for investment in Islam?

Industries typically prohibited for investment in Islam include those primarily involved in alcohol, tobacco, gambling, conventional banking and insurance, pork products, and pornography.

What is a Sharia Supervisory Board?

A Sharia Supervisory Board is a panel of qualified Islamic scholars who oversee and certify that the products and operations of an Islamic financial institution comply with Islamic law.

How can I ensure my existing investments are Sharia-compliant?

You can ensure your existing investments are Sharia-compliant by using Sharia screening tools like the Zoya App, consulting with an Islamic financial advisor, and regularly reviewing your portfolio for any non-compliant assets.

What should I do with non-Sharia-compliant earnings from my investments?

Any income or returns generated from non-Sharia-compliant investments e.g., interest income, dividends from prohibited companies should be purified by donating them to charity, without the intention of receiving spiritual reward.

Does Islamic finance allow for profit?

Yes, Islamic finance encourages earning profit through legitimate trade, investment in real assets, and risk-sharing ventures, as long as the methods adhere to Sharia principles and avoid Riba, Gharar, and Maysir.

How does Islamic home financing work without interest?

Islamic home financing typically works through models like Ijara lease-to-own, where the bank buys the property and leases it to the customer with an option to buy, or Murabaha cost-plus-profit, where the bank buys the asset and sells it to the customer at a marked-up price, paid in installments.

Can Allwealth.com help with Islamic estate planning?

The website does not indicate any services tailored to Islamic estate planning.

Conventional estate planning may conflict with Islamic inheritance laws Fara’id, so a specialized Sharia estate planner would be necessary for Muslims.

What is the importance of Barakah in Islamic finance?

Barakah blessing in Islamic finance signifies divine blessing in one’s wealth, which is sought through ethical earnings, charitable giving like Zakat, and adherence to Islamic principles, fostering both material and spiritual prosperity.