Wealth Assistants Review

With the help of Wealth Assistants, you don’t have to worry about how you’ll pack, ship and deliver products that you have listed on Amazon. You can leave it on autopilot and do other things that you love like traveling the world, spending your time with your friends and family, managing other businesses and many more. 

E-commerce is still relevant up to this date. It has helped people have the convenience of obtaining products delivered in front of their doorsteps, without going out and having to drive long miles just to go to a department store or a mall. 

Amazon is one of the most successful e-commerce platforms with its revenue still showing an upward hill up to date. The renowned platform has catered to these customers and has also produced countless millionaires with the use of their services.

With that in mind, is Wealth Assistants the “go-to” company that can help you bring your e-commerce business into higher heights like the founder did? Continue reading on my Wealth Assistant review below.

But before I start … 

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Overview of Wealth Assistants

Wealth Assistants

Wealth Assistants is a wealth management company with the aim of helping people automate and manage their respective e-commerce businesses. They focus mainly on Amazon and Shopify dropshipping.

Dropshipping is a fulfillment method where e-commerce business owners don’t need to have their personal warehouses to keep the products that they sell. They are instead fulfilled by a third party company, like Wealth Assistants who already have partnered with numerous manufacturers and distributors who handle the inventory and shipping.

With this, you’ll have unlimited varieties of products to choose from. Just pay the upfront capital, and when a customer places an order, they’ll be the ones to pack and ship the product directly to the customer. 

Wealth Assistants also recently partnered with Cart.com, which also offers fulfillment and logistics tools that aid e-commerce business owners reduce market complexity and promote growth. 

Ryan Carroll Backstory

Ryan Carroll

Ryan Carroll started his entrepreneurial journey not from owning his own e-commerce business but as a real estate investor. This is where he learned how to build connections and expand his network.

After a year as a real estate investor, Ryan was driven to start a new venture and wanted to explore the world of e-commerce, where he met his mentor Fred Lam in 2016. It’s the same year where he established his first e-commerce company, Carroll Holdings. 

It’s not always butterflies and rainbows. There will always be the darkest time of anyone’s career path one way or the other, and Ryan was no exception. One failed e-commerce business went on to another, he had over $65,000 in debt as a result of poor money management.

But it didn’t stop him from thriving and fixing what he thinks is broken. With perseverance, blood and tears, he came back up and developed an eye for products that will sell and markets that will convert.

And ever since Wealth Assistants establishment in 2021, he claims to have over 800 different stores under management. 

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Services Offered

Wealth Assistants Services

Amazon Marketplace Management

Wealth Assistants offer a “managed-for-you” Amazon marketplace. All you need to do is go fund your business and they’ll do all the hard work for you. Their team will be in charge of overseeing customer service, warehousing, product listing, shipping, and supply chain management. 

There are steps provided when you choose to avail this service.

Step 1: Onboarding

You are guaranteed to get onboard easily with the help of their devoted management staff that will assist you on getting set up. Everything will start moving once they’ve finished setting up your new LLC, Amazon Sellers Account, and Resellers license in place, and you can relax and enjoy running this new business.

Step 2: Acquire Inventory

They will assign you a personal product research staff that will continually scan for the market’s top-selling product, high-margin products. In addition to having access to branded products at wholesale prices. 

If you’re ever worried about having limited funds to get an inventory of products, they also have a dedicated credit team that can assist you on getting 50k-150k in 0% credit cards that can serve as your working capital.

Step 3: Collect Revenue

After the product research team has done their part of looking for the best product to sell in your chosen niche. Their next step is to work hard in making your product get to the top list of searches

And when a customer notices your product and orders, the “done-for-you” starts. They’ll pack and ship it directly to the customer. And if there are returns and queries, Wealth Assistants will also be the one to cater each and everyone of them in your stead.

It also includes weekly and monthly reports so you can track how your business is doing – if they’re doing their part while you are giving the funds needed to smoothly run the business that you entrusted to them.

Shopify Brand Management

Just the same as how they run Amazon Marketplace Management – they’ll manage your store on Shopify, if you prefer it over Amazon. With their management system, you are promised to get a ROI of over 60%. And that’s because of the two additional steps they added to make your Shopify brand more competitive and profitable. 

Organic Viral Content

They’ll post engaging contents on the most successful social media platforms to date, like Facebook, Instagram and Tiktok. They claim to have made over $60,000 in revenue in just 36 days with just posting a Tiktok video for a brand and had over 4 million views.

Paid Marketing

After picking the most viral organic content mentioned above, they’re now onto the next step, which is paid marketing. They’ll add channels of their highly effective platforms such as Snapchat and Facebook to a store after 4-5 months of establishment gives it the boost it needed to grow exponentially.  

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Costs

Amazon Marketplace Management

If you’re only new to Amazon, they have three options of onboarding fees and dedicated monthly profit splits. It usually takes 6-8 weeks before your store is operational.

  • $35,000 Onboarding Fee requires a 50 (owner)-50 (operation expenses) Wealth Assistants.
  • $45,000 Onboarding Fee requires a 60-40 split.
  • $55,000 Onboarding Fee requires a 70-30 split.

They also offer acquisition of pre-existing Amazon stores that gives you the option of skipping the probationary period, can be operated on the get-go and earn profits earlier than to start onboarding a new store. It also comes with their respective monthly splits with Wealth Assistants.

  • $75,000 Acquisition Fee requires a 50-50 split.
  •  $100,000 Acquisition Fee requires a 60-40 split.
  • $125,000 Acquisition Fee requires a 70-30 split.

And a recurring renewal fee of $2,500/year. 

Shopify Brand Management

Additional steps means additional cost.

One time Onboarding Fee of $150,000 with 70-30 splits for the monthly and equity profits. If you’re seeing progress and potential from your first store, they also allow you to purchase multiple stores.

  • 2 to 5 Store Package – $5,000 off each store.
  • 6 to 9 Store Package – $8,000 off each store.
  • 10+ Store Package – $12,000 off each store.

After 90-days, there will be a recurring monthly fee of $1,500/month for operational expenses.

Refund Policy

Amazon Marketplace Management

  • If ROI wasn’t met after a year, you can sell the store with the difference of the initial fee and your current sales made. 
  • If ever you still want to continue and still have minimal sales, annual fee is waived until you achieve $10,000/month in sales.

Shopify Brand Management

  • If ROI wasn’t met after 2 years, you can sell the store with the difference of the initial fee and your current sales made.
  • They have a target of $400,000 net profit in a span of 36 months, and if your store didn’t achieve it, they’ll pay the difference.
  • Additionally, you have the option to sell your store at any time for the cost of your initial investment less any net profits and a 20% early termination fee.

What People Think of Wealth Assistants

Wealth Assistants User Reviews

Wealth Assistants received a poor review on Trustpilot where most of the negative side shares how they are scammed, or WA hasn’t been able to deliver what they promised, requesting for refund but got ignored etc. 

They’re aware of them and their only answer is that most, if not all of them are just troll reviews and they’re taking action to resolve and remove them as fast as they can. 

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Conclusion

You don’t want your hard earned money to go to naught if ever these user reviews prove to be the truth about Wealth Assistants. But there are already red flags about them, just like some videos on their website are already not working.  And there are no testimonials to be seen.

And these upfront fees cost a lot. It takes a lot of money to make money in this kind of business model. Even though they offer payment options to help you get started in this venture, you’re still not guaranteed success because of how saturated this industry is and you’ll just end up having a huge amount of debt instead of profit.

Before You Leave …

If you’re looking for a real business which can help you make money online, checkout my #1 recommendation. 

This is the BEST business to start right now and it has helped me make $30,931 last month alone.

Go here to see my #1 recommendation to start making money online 

>Check Out My #1 Recommendation Here!<