What is the Wellbeing Score? [FAQs]

The Wellbeing Score is a score on a household level that helps you track your progress against your Life, Values, goals, tasks, and the progress of your key advice areas.

For the first time, you can dynamically see and track your progress, take actionable steps and work with your adviser to achieve what matters most to you. This is a powerful tool that benchmarks your achievements to your personal situation rather than the markets.

The Wellbeing algorithm uses the below weightings.

Item	Weighting	How do I improve my score?

Life Score	30%	Make additional progress toward areas that you’ve identified as of high importance.
Values Progress	30%	Make additional progress toward areas you’ve identified as of high value.
Goals Planning	20%	Have goals that are a mixture of needs, wants, and wishes. Have goals that are higher confidence of being completed. Have goals that are a mixture of short (<12 months), med (1-5 years), long(> 5years).
Task Completion	12%	Add tasks and be ‘in-progress’ on a sustainable number of them.
Key Advice Area Progress	8%	Make more progress toward all activated key strategy areas. Since it is an average, the goal is to be consistent with your progress on each strategy area.

Frequently Asked Questions

Q: If I haven’t completed an activity on a particular area and don’t have a score, will that hurt my wellbeing score?
- No. The wellbeing score will only be taken from completed activities. You will not be penalized for activities you haven’t completed with your advisor yet. For areas without a score, the algorithm will re-distribute the weighting evenly across the other available scores.

Want to know more? See here Why did I get that Wellbeing Score? [FAQs]