Wealth Assistants Review – 8 Shocking Pitfalls of Wealth Assistants

Welcome to my Wealth Assistants Review, a company that automates your entire Amazon and Shopify businesses.

So that you can earn passive income without getting your hands dirty in the everyday workings of the business world.

What comes with automation is an expense, so this will only appeal to business owners or prospective business owners who have deep pockets.

Before we get started we’d just like to make a disclaimer that we are not associated with Ryan Carroll or his Wealth Assistants program.

This basically means that what you will get from us is an honest unbiased review with all the facts.

That way you can make an educated decision on whether to pursue this business opportunity further or not.

So without further ado, let’s get started.

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Affiliate Disclosure: The Wealth Assistants Review has been thoroughly researched from information and testimonials that are in the public domain. This post may contain affiliate links which means we may earn a small commission, however, this won’t affect what you pay!]

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Wealth Assistants Review – Summary

Product: Wealth Assistants

Founder: Ryan Carroll

Website: www.wealthassistants.com

Product Description: Fully automated Amazon and Shopify business services.

8 Pitfalls To Consider:

Before you seriously consider Wealth Addistants, you should research the training further.

1. 1. High Fees
   2. Conflicts Of Interest
   3. Lack Of Transparency
   4. Misleading Credentials
   5. Performance
   6. Fraud And Scams

Cost to join: $2,500 + automated package

Recommended: No

Summary: Automated services are becoming more and more popular nowadays, however, the costs involved can be staggering.

Wealth Assistants currently offer 2 automated services with others in the pipeline.

They offer Amazon and Shopify management services along with a credit facility for people looking for help with funding.

Becoming a client of Wealth Assistants is not easy as there is a waiting list and apparently they are only taking 50 clients each quarter.

Just what these services are going to cost will only be realized when you get your scheduled phone call.

It’s at this point that you will realize that the business that you are looking to venture into can cost anywhere between $30K and $130K.

As well as a membership fee that will have to be paid annually which we believe is currently around $2,500.

Alternative Business Opportunity: A much better way of making money online we think is affiliate marketing.

The risks are non-existent compared to an Amazon FBA business and is 100% passive and can promote anything you like.

If you want to know more then click the link below which won’t cost you a dime.

Wealth Assistants – Table Of Contents

1. 1. Who is Ryan Carroll?
   2. How Does The Process Work?
   3. What About The Affiliate Program?
   4. Wealth Assistants Review – Costs
   5. Is Wealth Assistants a Scam?
   6. Wealth Assistants Reviews And Testimonials
   7. Wealth Assistants Review – What we Liked About WA
   8. Wealth Assistants Review – What we Didn’t Like
   9. Wealth Assistants Review – Conclusion
   10. What we do For a Living
   11. Feedback, Follow And Subscribe

Who is Ryan Carroll?

Ryan Carroll is an online e-commerce expert who started his working life in real estate.

He is the founder of Carroll Holdings which came to fruition in 2016 after a meeting with Fred Lam who became his mentor.

As a result of this meeting and mentoring he created Wealth Assistants in 2021 to help people looking to move into e-commerce.

He is also a member of the ClickFunnels 2 Comma club which is an award presented to anyone who achieves at least $1 million in sales.

Related Business Opportunity: Proven Amazon Course

How Does The Process Work?

There is a waiting list that you will have to go on prior to any involvement with Wealth Assistants and how long that takes for them to get around to you is a little unsure.

Choose a Service

There are currently 2 services with others coming in the future.

These are Amazon and Shopify management.

The first port of call is scheduling a telephone call with one of the sales representatives but as we have already mentioned could take some time due to the number of clients that they will take on at any one time.

The services available have different startup costs, such as risk-to-reward ratios, working capital profits, revenues and refund policies.

Get Funded

Since Wealth Assistants was launched, they have joined forces with various funding partners that will work alongside the clients.

It is important that you have the right amount of investment and this can be arranged.

For the clients who are accepted, this can mean 0% interest over a 12 to 18-month period.

Outboarding

Once you have chosen the right service and got the required funding then the team from Wealtb Assistants take over.

They work closely with each individual client to ensure the business is set up correctly, after all this is your business and everything needs to be just right.

They claim the process will take between 6 and 8 weeks to get the foundations set up.

Collect The Revenue

Once the business is up and running you will be assigned a business manager who will ensure the business is handled professionally.

This will be your go-between for any questions that you need to ask about the operation of the business.

Depending on the type of service you have selected will determine how often you are paid which will come directly from your payment processor straight into your business account.

Wealth Assistants operate their own warehouses in California where the products are stored and taken through the quality process.

Once everything is ok then the products are repackaged and shipped to the Amazon fulfilment warehouse and while the products are in transit, the product listings will already be live on the Amazon system.

Related Business Opportunity: AMZ Together 

What About The Affiliate Program

Wealth Assistants does have an affiliate program. Here are some details about it with some poinetrs to watch out for from affiliates.

• Affiliate Program Details: Wealth Assistants offers an affiliate program where participants can earn significant commissions. They are known to pay $3,000 for each Amazon referral and $5,000 for each Shopify store referral​.

• Program Benefits: The program is designed to incentivize referrals for their Amazon and Shopify automation services, which involve significant investments from clients. This can make it attractive for affiliates who have a network interested in high-ticket ecommerce automation solutions and here

Things to watch  out for when approached by an affiliate promoting Wealth Assistants:

1. Exaggerated Claims: Be cautious of promoters making unrealistic promises about high returns or guaranteed success. These can be red flags indicating overhyped or misleading advertising​. 

2. Lack of Transparency: Ensure that the affiliate is clear about the costs involved in Wealth Assistants’ services. These can be substantial, including high upfront fees and ongoing expenses​.

3. Bias in Reviews: Affiliates may have a financial incentive to present Wealth Assistants in an overly positive light. Look for reviews that disclose their affiliate status and compare these with independent reviews to get a balanced perspective​.

1. Detailed Disclosures: Legitimate affiliates should provide detailed and honest information about the risks and potential downsides of using Wealth Assistants’ services, such as the high costs and the learning curve involved​.

5. Regulatory Compliance: Check if the promotions adhere to advertising standards and regulations.

Affiliates should not make unfounded claims and must comply with the Federal Trade Commission (FTC) guidelines, which require clear disclosures of affiliate relationships​.

6. Success Stories and Proof: Verify any success stories or testimonials presented by affiliates.

These should be backed by verifiable data and should reflect realistic scenarios rather than isolated successes​.

7. Independent Reviews: Look for independent reviews and analyses of Wealth Assistants that are not affiliated with the company or its affiliate program. These can provide more objective insights into the company’s performance and reputation​.

8. Feedback from Current Users: Seek out feedback from current or past users of Wealth Assistants. Forums, social media, and review sites like Trustpilot can offer valuable firsthand experiences that can help you make a more informed decision​.

By being aware of these factors, you can better evaluate the credibility and reliability of promotions related to Wealth Assistants and make a more informed decision about their services

Wealth Assistants Review – Costs

The price depends on the type of service you choose but you won’t know this until you had your scheduled telephone call.

After talking to several past members we can see that the service can cost anywhere from $30K to $150K.

There is funding available for those who don’t have the funding which is decided on individual circumstances.

There is a $2,500 annual fee that will have to be paid.

Onboarding FEEs…

$35,000 – Monthly profit split – 50% client, 50% Wealth Assistants

$45,000 – Monthly profit split – 60% client, 40% Wealth Assistants

$55,000 – Monthly profit split – 70% client, 30% Wealth Assistants

Pre-existing Amazon store acquisition

There is an option to purchase already existing Amazon stores that come with history and traffic.

Which could mean you earn quicker as these stores will already be established.

Acquisition Fee

$75,000 – Monthly profit split – 50% client, 50% Wealth Assistants

$100,000 – Monthly profit split – 60% client, 40% Wealth Assistants

$125,000 – Monthly profit split – 70% client, 30% Wealth Assistants

Can You Pay With Instalments?

No, the full amount will have to be paid upfront.

Are There Any Upsells?

No, what you see is what you pay for.

Is There A Free Trial?

Unfortunately, there is no free trial.

Does Wealth Assistants Come With A Refund?

If for some reason the Wealth Assistants team can’t meet quotas that they set themselves then you have a 12-month guarantee.

Related Business Opportunity: ECOM Freedom

Is Wealth Assistants a Scam?

Wealth Assistants has garnered a significant amount of negative feedback and allegations, raising serious concerns about its legitimacy.

Many customers have reported that after paying substantial fees (ranging from $30,000 to $125,000) for setting up and managing online Amazon stores, they did not receive the promised services or profits.

Numerous clients claimed they never saw the stores or inventory they paid for, leading to substantial financial losses​ (Banks Law Office)​​.

Moreover, legal actions have been taken against Wealth Assistants, with accusations of fraud and deceptive practices.

Plaintiffs in a lawsuit have stated that the company knowingly misled them about the potential earnings and the services they would receive.

Instead of fulfilling their promises, the company allegedly used the funds for personal gains, including luxury purchases by the company’s founder​ (Banks Law Office)​.

While there are a few positive reviews and testimonials suggesting that some clients had a satisfactory experience, the overwhelming majority of feedback points to a pattern of unfulfilled promises and financial losses​.

Given the severity and consistency of these reports, it is advisable to approach Wealth Assistants with extreme caution.

Thoroughly research and consider alternative options if you are looking to invest in an e-commerce business.

Wealth Assistants Reviews And Testimonials

Always a good thing to search out reviews and testimonials from sites like Reddit, Quora, especially Trustpilot.

We can’t stress doing as much research as possible before venturing into anything, whether its just a TV or a new career move otherwise you could end upwasting a lot of time and money.

You can head over to Trustpilot and find some interesting reading.

Related Business Opportunity: AMZ Champions

Wealth Assistants Review – What We Liked About WA 

• They Have a Large Team To Help You Succeed:

They have over 250 professionals to help your e-commerce business succeed that are there 24/7.

• There Is a Good Money Back Guarantee:

As you can see if the Wealth Assistants team do not produce the goods then you have a 12-month warranty that will cover you.

Wealth Assistants Review – What we Didn’t Like

• The Cost For The Services Should Be Available On The Website:

It’s a little off-putting that the only way to find out about the costs of the services can only be found after you schedule a telephone call.

We know that these calls are taken by high-pressure sales tactics that will probably take advantage of certain people.

• Can You Really Rely 100% On The Performance Of A WA Team:

To put your whole business in the hands of someone else takes a lot of guts especially when a good portion of the profits have to be split.

Lack Of Evidence From Existing Clients:

For a bunch of services that can cost you tens of thousands, you’d have thought that there would be a ton of testimonials out there.

Unfortunately, we couldn’t find any.

This May Well Be One Of The Biggest Investments:

The costs for any automated services are going to be excessive and therefore Wealth Assistants is no different.

Wealth Assistants Review – Conclusion  

We have reviewed numerous business opportunities of this nature and have noticed a growing trend of automation services being offered.

However, the issue we frequently encounter is that most of these services rarely perform as promised.

While it’s still too soon to definitively assess if Wealth Assistants live up to their claims, we can confirm that any business venture carries significant risks, particularly with services of this type

Related Business Opportunity: Savage University

What we do For a Living

Affiliate marketing is a simple business concept that is very easy to learn and if you hit the link above you will see what we mean.

There are no restrictions, you require no stock and it’s a business that once you get up and running is very easy to maintain.

It’s a business model that is associated with the “laptop lifestyle”

The company I have been associated with is Wealthy Affiliate and they have been teaching affiliate marketing to complete beginners since 2005.

In fact, they have helped over 2 million members.

They can supply all the tools, training and support and it won’t cost you a dime to check out.

Just check out the reviews on Trustpilot.

The training platform is a fully integrated one-stop-shop meaning that everything you need to succeed is in one place.

Education and training, Web development, Hosting your website, and a community that cares and is full of experience on many levels…

Feedback, Comments And Subscribe

We are coming to the end of this Wealth Assistants review, hope you enjoyed it and if you have anything to add then please feel free to point your thought down in the comments section.

Thank you for your time!

Take care!

Stay safe!