The 'WealthCheck' score measures the health of your portfolio and how well it compares to other members in SelfWealth. Your portfolio will be allocated a rating between F and A+.
It's made up of the following parts:
- Your portfolio performance, relative to other community members (50%)
- Your SafetyRating (40%)
- Your portfolio Valuation (10%)
How is portfolio performance measured?
Performance accounts for 50% of the WealthCheck score and is a time-weighted calculation based on your performance over 1, 3, 6, 12 months and annualised. If we are missing information for a certain period, you will be given the community average for that period.
How is my SafetyRating measured?
The SafetyRating accounts for 40% of the WealthCheck score and is an assessment of the following components:
- What you hold in your portfolio
- The distribution of holdings
- Holdings considered low or high risk
- How you've allocated your funds to each holding
How is my portfolio valuation measured?
Your portfolio valuation contributes to 10% of the WealthCheck score and is based on an independent valuation of each holding within the portfolio, as done by Refinitv (previously Thomson Reuters).
How do I improve my WealthCheck score and SafetyRating?
Log into your account and click on the WealthCheck and SafetyRating icons located on your dashboard, and you can see which areas you can improve on.