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Wealth Migrate: Know Your Client (KYC) Process And Its Importance

Blog, Company, Investing, Investor Basics, Knowledge Base, Portfolio, Resources, Uncategorized /

As an investor you want the peace of mind to know that any financial transactions you complete on the Wealth Migrate platform are secure and comply with all necessary legal regulations. It’s for this reason that Wealth Migrate requires you to complete the Know your client (KYC) process before you can officially start crowdfunding real estate and structured note investments online. 

KYC is an important part of the trust-building process between Wealth Migrate and its investors, as it allows potential investors to identify and verify themselves.1 This is the first step in Wealth Migrate’s due diligence process which ensures that not only do our investors have peace of mind with their financial transactions, but that Wealth Migrate is a licenced company that upholds the laws applicable to its business and investors. On behalf of the company, it also needs to ensure it’s not dealing with investors that may be involved in illegal activities such as money laundering or fraud.2 

A crucial part of this process is by aggregating our global investors into a compliant special purpose vehicle (SPV) to create an investment network. This system screens and regulates against anti-money laundering (AML) and know your client (KYC) processes upon member registration. The financial transaction system handles all payments from investors and distributions back to investors. With America’s strict countenance on counter-terrorism and anti-fraud laws, Wealth Migrate isn’t prepared to accept the risks of investors from the United States of America. 
 

Additionally, Wealth Migrate has a valid Category 1 licence (FSP 47394) as granted by the Financial Services Conduct Authority, and this licence allows Wealth Migrate to provide its crowdfunding offering on an intermediary services basis using shares as a financial product category.3 The company is therefore held liable by the Financial Services Conduct Authority for complying with laws regarding its financial transactions.  

The KYC onboarding process is therefore a significant step to reduce the potential risks for both parties and ensure that the company and its investors are interacting in a trustworthy manner.4 The company is taking due care to ensure that the potential investor is who they claim to be and is using funds obtained legally for a legitimate purpose. This also works in the favour of an investor as the company must uphold its duties and responsibilities as well as provide transparency about its business as a licenced financial services provider. 

What information is needed to KYC? 

Some basic information is needed to ensure the investor’s identity is correct such as their full name, date of birth address and identification number. The documentation for submission needs to provide proof of the person’s identity, place of residence, and the funds for investment.5 

Typical documents include:6 

  • A driver’s licence 
  • A passport 
  • An identity document 
  • Utility statements for a mobile phone, electricity, or water 
  • Rental contract  
  • Bank statements 

How to KYC on the Wealth Migrate platform 

We’ve made this process easier and simpler as all the documentation can be submitted online. Investors will firstly need to sign up and create an account on Wealth Migrate and then undergo the KYC process. Within three days from submission, the KYC Team will do a preliminary cross-reference check and provide feedback via e-mail. 

Follow these steps to achieve a successful KYC process: 

Step one: 

  1. Create your investor account – register with your chosen e-mail address and password. 
  1. Country of residence – select the country on the drop-down menu. 
  1. Select your investor category – click on the type of investor profile that suits your investment style. 

Step two: 

You will be required to upload the following documents: 

  • Two forms of identification including the front and back of:
    • a driver’s licence 
    • an ID card 
    • and/or a colour copy of your valid passport 
  • A recent proof of address, no older than three months of either: 
    • a utility bill,  
    • a rates and taxes bill or Council Tax bill 
    • a mobile phone statement 
  • Bank statements will not be accepted as proof of address 
  • A full-page bank statement, no older than three months 

Step three: 

  1. You will receive an automated e-mail once your profile has been verified. 
  1. Your KYC status will display as ‘approved’ on your profile. 

We’ve also made some visual guides available as a downloadable PDF or video to help our members with this process so that they can start investing with ease. Download our thorough step-by-step guide here for an in-depth overview of the KYC process or view our quick “How to KYC” tutorial video here. 

Explore the investment deals available on Wealth Migrate’s Fintech platform and use these visual tutorials as a guide on your wealth creation journey – click here to learn how to invest, and learn to understand and interpret your investment portfolio, here. 

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Understanding the role of a sponsor in commercial real estate

Investing, Investing, Investor Basics, Uncategorized, Using Wealth Migrate /

For anyone interested in investing in commercial real estate, it is important to understand the roles of the parties involved. The sponsor plays an active part in the success of the investment, while the investor has a more passive role.

A sponsor is responsible for “finding, acquiring, managing, and eventually disposing of real estate property on behalf of the partnership [1] Sponsors own the property, run day-to-day operations, oversee the transactions, raise money from investors, and are accountable for the mortgage of the property.[2]  Due to the wide scope of responsibility, selecting the sponsor with credible experience and a successful track record is critical for the well-being.[3]

Wealth Migrate vets our sponsors in our marketplace in accordance with all security and legal compliance checks. This responsibility on our part makes it easier for our investors to focus on the process of investing.

We evaluate our sponsors according to the check list below:[4]

  • How much experience does the sponsor have in the local marketing and that asset class?
  • Have any of the sponsor’s development projects failed to meet expectations?
  • How capable is the sponsor in evaluating risks?
  • How does the sponsor identify other equity investors and secure debt?
  • What systems does the sponsor have in place to ensure proper management of the project? 

The sponsor is mainly responsible for the performance of the property as well as financial reporting, making payments to investors, and preparing tax statements during the tax season.[5] As the time and cost involved that goes into preparing to acquire a deal is quite substantial, an acquisition fee is usually charged to cover costs and compensate sponsors for their work.

Sponsors make money with an acquisition fee, through ownership in a deal that ranges from 5%-10% in total equity, and annual asset management fees.[6] Sponsors are also incentivised by performance with a promote structure and preferred return.[7] This means that an investor is guaranteed a full return of their initial investment amount for a preferred return. 

Due to the importance of the sponsor, individual investors will ordinarily have to thoroughly research a potential sponsor. A sponsor must be trusted, have credibility, a proven track record, connections to right financing and equity relationships, and other expertise in operations and management. In terms of Wealth Migrate’s service offering, our investors can trust that we have performed the required due diligence before we partner with any of our sponsors.

[1] Kennedy, K. (March 2019). ‘The Importance of a reputable property investment sponsor’. Retrieved from LinkedIn.
[2] McKenna, R. (May 2019). ‘ Insider’s guide to vetting a commercial real estate sponsor ‘. Retrieved from BiggerPockets.
[3] McKenna, R. (May 2019). ‘ Insider’s guide to vetting a commercial real estate sponsor ‘. Retrieved from BiggerPockets.
[4] Robinson, D. (July 2019). ‘ Real estate sponsorship and sponsor equity: The key to selecting a great sponsor’. Retrieved from Black Collie Capital.
[5] Kennedy, K. (March 2019). ‘The Importance of a reputable property investment sponsor’. Retrieved from LinkedIn.
[6] Frankel, M. (February 2021). ‘ What is sponsor promote in real estate? ‘. Retrieved from Millionacres.
[7] Frankel, M. (February 2021). ‘ What is sponsor promote in real estate? ‘. Retrieved from Millionacres.

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Diversification: The Strategy of Numbers

Investing, Investor Basics, Knowledge Base, Portfolio, Uncategorized /

Diversification is important to investors as it is a way of balancing risks and rewards. Allocating capital into a variety of assets lowers risk exposure. Rather than concentrating money into a single company, industry or asset class, investors can diversify their investments across a range of different companies, industries, and asset classes.1

Risk minimisation and increasing opportunities for success

The risk of not following a diversification strategy is high; instead of placing all your hopes on a sole investment, dividing your funds across all assets is the smarter strategy. To put it more simply, don’t put all your eggs into one basket as an investor.

Respected global financial expert Ray Dalio has this advice for investors to reduce risks without reducing expected returns. “Diversify between currencies, asset classes, and countries as the best way to reduce risk without reducing opportunity.” 2 According to my own research, this advice should ideally include partners as well, I describe this in example three with reference to a single company.

He goes on further to explain this strategy in detail and calls this the holy grail of investing. He advises that investors, “Need 15 uncorrelated bets, an array of attractive assets that don’t move in tandem, reduce risk by 80% and risk/return ratio increases by a factor of 5!” 3

No idea what that means? You’re not alone.

Arguably diversification is such a simple term and yet it is such a complex thing to implement in your financial planning,4 let’s unpack what Dalio means by analysing a few real-life investment examples I’ve come across.

Implementing diversification in financial planning

A homeowner is advised by his financial advisor to pay off his house first before he starts investing. He lives in an emerging market like South Africa, so he continues to pay down his mortgage on his home. He is entirely exposed to South Africa’s weakening economy and its volatile currency, which depreciates statistically by 6% a year against the US Dollar.

The result:
All his wealth is tied up in one: asset, country, currency, and partner. He isn’t making any money while he sleeps, and this is a classic situation where an investor has ‘all their eggs in one basket.’ 5

An investor flies to London and buys an apartment to try diversifying their investment portfolio, it is an affordable apartment for London, and it costs £500,000. They apply for and receive a 60% mortgage (loan-to-value) from the bank, and with the deposit and costs, they still need £225,000 in cash (about $300,000 USD). It is a one-bedroom apartment, and the investor needs to arrange for a rental management partner to find a long-term tenant to earn an income on the property.

The result:
This investor also has most of their eggs in one basket, the investment is in a single country, currency, asset, and one partner. If the tenant stops paying, they lose all this income. Factor in challenges such as Brexit or any other economic setbacks, and the asset is fully exposed. If the rental management agent isn’t good, this is a problem as the investor relies solely on this partner to obtain a tenant, get an income and achieve success.

In 2014, I focused on a specific genre and asset class in America. Initially, we had a number of different partners, but then in 2018, all these properties and partnerships were consolidated into a single company. From 2014, these assets and individual partners were well-performing assets, producing a high income. Some investors liked the performance of these investments and invested all their capital. Due to COVID-19 and other factors, this consolidated partner (now one company) has vacancies on many of their assets and isn’t paying out the expected income.

The result:
The investors placed all their eggs in one basket. Granted, investors have multiple assets; however, this is an investment in a single country, currency, and with one partner. If the partner experiences problems, investors are fully exposed to the risks. It’s akin to one partner carrying all the investors’ eggs in one basket.

Hard-won investment lessons in diversification

I learnt this the hard way, and I’ve been investing internationally since 1999 and helping members in 170 countries invest over $1,18 billion (USD). I have learnt from the wealthiest investors and watched what they do. Here’s my perspective on Dalio’s advice about diversification. 

Imagine if the investors in either scenario were to do something like this. Take $100,000 (USD) and invest $10,000 (USD) in 10 alternative asset investment opportunities. These are diversified across countries, currencies, assets, and partners.

If two of the assets don’t perform well, the other 80% is still working. Therefore, the risk is reduced by 80%, there is no correlation between these assets, and they don’t move in tandem. The income and capital growth are diversified across 10 opportunities, and the risk or return ratio is increased by a factor of five. (This means you are five times better off).

The power of FinTech and Wealth Migrate

Through advances in tech and with digital platforms such as Wealth Migrate, you can create wealth simply and securely, starting from $100 (USD). Wealth Migrate’s mission is to make quality alternative assets accessible to anyone, anywhere, from any amount.

Over the last 12 months, my wealth creation journey has led me to:

  • Invest in 10 different assets
  • Across 4 continents
  • In 5 currencies
  • In 9 different asset classes 
  • With 10 different partners

Wealth Migrate has changed how I can invest. Not only is it digitally integrated with Lemon Way, the largest digital wallet provider in Europe, but this FinTech platform also grants me control over my asset portfolio by efficiently managing these investments. 

All distributions and dividends are paid straight into my digital wallet, and I can then decide to re-invest in more assets ranging in variety and diversity. One of my highlights is that despite the challenges of COVID-19, I still received a weighted internal rate of return of 14% in the last 12 months.

Learn from the wealthiest investors about wealth creation and protection

Ray Dalio manages $160 billion (USD), and Bridgewater Associates is the largest hedge fund globally.6 By following his investment advice on diversification, investors can achieve success with their portfolios. Even if the investment amount ranges from $1,000 (USD) and $100 (USD) is invested into 10 deals, or if it’s $10 million (USD), Wealth Migrate will allow investors to emulate this method of wealth creation. 

The world has changed and with that, we must change our conditional way of thinking. It’s no longer about buying one apartment or trusting one partner, it is about diversifying and investing in the best partners and the best global opportunities. During the last year, an estimated “25% of all real estate private equity capital is now raised using online crowdfunding in America” 7. This trend is rapidly advancing around the world and now you can take advantage of it.

This is my ten cents on diversification, based on what I see happening in the market. I invite you to copy and invest like the most successful investors in the world.

1 Robbins, T. (February 2017). ‘Unshakeable: your financial freedom playbook creating peace of mind in a world of volatility. Retrieved from Unshakeable.
2 Graffeo, E. (November 2020). ‘Investing legend Ray Dalio tells investors to not own bonds or cash’. Retrieved from Markets Insider. 
3 Robbins, T. (February 2017). ‘Unshakeable: your financial freedom playbook creating peace of mind in a world of volatility. Retrieved from Unshakeable. 
4 Comstock, C. (September 2011). ‘Here’s the most brilliant thing Ray Dalio said at his interview last week’. Retrieved from Business Insider. 
5 Gravier, E. (November 2021). ‘Every financial planner will tell you to diversify your portfolio — here’s what that means’. Retrieved from CNBC.
6 Copeland, R., and Levy, R. (January 2020). ‘Ray Dalio is still driving his $160 billion hedge-fund machine’. Retrieved from The Wall Street Journal.
7 Gower, A. (2021). ‘Real estate crowdfunding unleashed’. Retrieved from GowerCrowd.  

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The crowdfunding effect on property investment in South Africa

Blog, Investing, Investing, Investor Basics, Uncategorized /

With the popularity of crowdfunding property investments growing in following, South Africans now have the option to crowdfund their real estate investments through Wealth Migrate. It’s Chief Investment Officer Riaan van der Vyver, voices his opinion on why this is an ideal scenario for local investors.

Wealth Migrate’s category one licence is a game-changer

Just as crowdfunding relies on the spirit of collaboration, this is also necessary for it to become a successful solution in South Africa. Local investors will now benefit from Private Global Wealth holding a category one crowdsourcing licence from the Financial Services Conduct Authority, as this allows the company ‘’to provide its crowdfunding offering on an intermediary services basis using shares as a financial product category.” [1]

“For many early adopters of crowdfunding in Africa, particularly those using crowdfunding to raise equity, self-regulation is a challenge and an opportunity.” [2]

The real benefit to South African investors

Investors have access to a legitimate and credible ‘’funding channel for asset classes’’ through Wealth Migrate.[3] Once a sponsor passes the due diligence, a deal is put onto the platform’s marketplace, and the company takes on the responsibility of co-raising capital on the deal, with all details disclosed in full on the marketplace. 

Van der Vyver highlighted that this crowdfunding method is for unlisted real estate in any alternative asset class, which makes Wealth Migrate’s role as an institutional investor easier for lowering costs and providing better transparency of deals.[4] This is enabled through a special purpose vehicle (SPV) such as a structured note.

Crowdfunding: a future-forward opportunity

The main challenge with crowdfunding real estate is the model and structure of administrative fees, as this typically ranges from 2.5%-10% and may not include the actual transaction fee.[5] Globally since 2010, the crowdfunding equity market has become increasingly appealing to individuals who want to grow their wealth but lack sufficient capital to invest without the power of a group fund.[6] More and more, investors are also looking to diversify their asset portfolios while making use of convenient online websites or apps.[7]

[1] CNBC Africa. (May 2021). ‘FSCA grants Wealth Migrate licence to offer crowdfunding services’. Retrieved from CNBC Africa.
[2] Parker, D. (October 2019). ‘Crowdfunding on the rise in Africa’. Retrieved from Creamer Media
[3] CNBC Africa. (May 2021). ‘FSCA grants Wealth Migrate licence to offer crowdfunding services’. Retrieved from CNBC Africa.
[4] CNBC Africa. (May 2021). ‘FSCA grants Wealth Migrate licence to offer crowdfunding services’. Retrieved from CNBC Africa.
[5] Shneor, R., Zhao, L., and Flåten, B. (2020). ‘Advances in crowdfunding: research and practice’. Retrieved from Palgrave MacMillan.
[6] Raymond, R. (2015). ‘Six things you need to know about crowdfunding in developing countries’. Retrieved from World Bank Blogs.
[7] Shneor, R., Zhao, L., and Flåten, B. (2020). ‘Advances in crowdfunding: research and practice’. Retrieved from Palgrave MacMillan.

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Frequently Asked Questions

Portfolio /

Portfolio

Frequently Asked Questions

Resources > Portfolio

When will my distributions be paid?

  • Distribution payouts are deal-specific and are usually paid every quarter.

What currency are my distributions paid out in?

All deals are facilitated through the wallet system, with distributions in USD only.

  • When it is an independently structured deal, your deposits are transferred directly to the lister and returned by the lister to the investors.
  • The distribution is paid directly into your bank account and registered under your profile.

Can I download reports from the platform?

  • Currently, this functionality is under development.
  • Please contact the Help Desk at support@wealthpoint.app with your specific request.
  • If you require a tax statement, please advise on the tax period it is required for.

Frequently Asked Questions Read More »

Frequently Asked Questions

Investing /

Investing

Frequently Asked Questions

Resources > Investing

Can I invest through my US LLC?

  • The essence of our current investment model is that we make use of a specific exemption from the SEC that says that we are not allowed to have US-based tax residents as investors.
  • What this means is that as of right now, we cannot accommodate investors that are US tax residents paying with US-based funds, nor can we accommodate US entities like to invest in our platform.

Can I invest on behalf of my children and what are the requirements?

If your jurisdiction permits minors investing in global offerings, we can assist in opening a wallet for them.

  • Please refer to your respective regulator to advise if minors in your country are permitted to have an investment allowance.
  • If a minor is permitted in your jurisdiction, please contact support@wealthpoint.app for assistance in setting up their profiles.

Can I cancel my investment?

  • You may cancel your investment up until the deal has been fully funded and is closed on the platform.
  • Please contact your dedicated wealth consultant or our client relations team at support@wealthpoint.app

Will I be able to fund my investment using my joint account?

Yes, you can fund your investment using your joint bank account.

  • Under your banking information, you are required to complete the ‘name of account holder’.
  • Clearly state the details of both parties joint to this account in the field required and ensure this matches your bank statement uploaded as proof of your bank account.
  • The KYC process will only be applicable to the individual who registered their account on the platform.

Common problems you may encounter when trying to invest?

Frequently Asked Questions Read More »

Cost Implications

Investing /

Investing

What cost implications are there when I invest through the Private Wealth Group?

Resources > Investing

Wealth Migrate investors are only charged fees at the point of an investment transaction.

As a sophisticated investor, we understand how much you value transparency in fee structure and cost. We are committed to limiting our fees to our Wealth Migrate members, by providing a clear and in-depth look at the fees we charge, what they cover, and how they impact you as the investor.

Our fee categories

In summary we charge a 2% Initiation fee for every deal you invest in, plus a 10% profit-share on returns (gains earned on your investment over time). What are you getting in return for the fees you pay, and how does this differ from other marketplaces?

Initiation Fees (2%)

We charge a 2% initiation fee at the start of the deal. If a deal you have invested in does not successfully close, you will not be charged this fee and will receive your originally pledged investment amount back in full. This fee is broken down into three separate service categories:

  • Platform Services. 0.5%
    This includes the costs of sourcing and completing due diligence on the deal, member services and investor onboarding, in-house operations, maintaining your transactional account (digital wallet and platform transactions), and the ongoing development of our marketplace technology. This component of our fee is set at 1% of each transaction.
  • Structure Services. 0.5%
    Investing in a deal offshore can be challenging as an individual investor. We do the heavy lifting for you, through the use of global structures. Our structure service fee covers the costs of setting up and maintaining dedicated international Special Purpose Vehicles (SPVs) for each deal. This includes the costs of the lawyers, accountants, advisors and compliance officers required to create and administer these structures. If the deal Sponsor is providing a structure through which you invest directly, we do not charge this fee. With these structures, we are able to provide you a simpler, hassle-free, cost effective and tax efficient investing experience. This fee is usually 0.5% for structured notes that autocall after 6 months. 1.0% for autocalls after 12 months.
  • Investor Acquisition and Marketing. 1%
    As a global marketplace, we operate in many different countries, each with different rules and regulations on marketing our deals to investors. To be able to accept investors from these countries, we are often required to work through regionally-based partners that are licensed by their government regulators. This component of our fee is usually around 0.5% of the investment amount.

Profit Share Fees

Returns Fee. We have a 10% profit-share fee on returns generated by the investments on our platform. This includes dividends, interest, and any capital gains. Unlike most REITS or funds, we do not charge an Assets Under Management (AUM) fee, and do not charge any Returns Fee if you are not receiving any returns. Simply put: we make money only when you make money. Through this principle we ensure that our interests are aligned with yours.

Fees that match our mission

Historically, investing in a primary market like the USA or UK required significant upfront capital and was limited only to citizens or institutions within those countries. Wealth Migrate was founded on the belief that investing in real estate should be made accessible, no matter your location or capital.

Core to our solution is creating globally-compliant investment processes and structures so our members can invest from anywhere in the world. Our fees cover the costs of developing and maintaining the secure, compliant structures and processes that enable our members to invest in these primary markets. Now, investing in USA real estate is as easy for a non-American citizen as it is for an American.

Fees that follow our principles

To keep the costs of these structures as low as possible for our investors, we remove any unnecessary middlemen, automate processes using smart technology, and adhere to our four key principles.

  • Our fees are transactional.
     You will not find any automatic ‘annual fees’ or ‘assets under management’ fees with Wealth Migrate. All the deals you invest in are likely to have project management fees already built-in at the deal level by the project sponsor, where the ongoing operational costs of managing the real estate asset will be covered. Therefore, there is no good reason for us to charge an additional annual fee – so we don’t.
  • Our fees are specific.
     Not all deals are the same. Some of the deals on the Wealth Migrate platform require us to create a dedicated investment company through which you invest, so that we can give you access to a deal in countries such as the USA or UK. In these cases, we will have a structure fee. When a deal does not require a dedicated investment company to be set up (most often when the sponsor bringing the deal to the Platform has created their own globally compliant investment structure), then we will not charge a structure fee. This will be clearly displayed
  • Our fees are transparent.
     Every time you invest, our fees will be clearly displayed. The fees will be broken down plainly for you to be able to understand what the fees are for.
  • Our fees are aligned with your interests.
     We are committed to our mission, which is to make Global Real Estate investing accessible to people from all parts of the world. As a Marketplace, we know our business model is based on a small fee from a large group of people – our global member base. By keeping our fees as low as possible, we can enable you to invest in a larger, more diverse range of investments and create a truly global portfolio.

How do our fees compare to other marketplaces or investment options?

  • We do not charge assets under management fees. In many REITS and funds these can be up to 2% per annum.
  • We do have investor fees, where some other marketplaces don’t. This is due to us not being a simple ‘marketing’ marketplace. Our services include creating a globally-compliant structuring solution for investors, removing the need for investors to solve their own investment path for global investments.
  • Traditional fee structures for commercial real estate often include complex calculations based on ‘waterfall’ amounts and ‘carry’. We are committed to simple and transparent fees that are easy to understand.
  • At the point of each investment, our investment calculator shows you all the fees that will be involved through the life of a deal, and calculate the projected returns after fees, taking into account any taxes that may need to be paid in-country. There are no hidden fees or surprises.

What is the impact of our fees on your returns?

Here is an example showing our fees from a typical deal on our platform, where an investor invests $100,000 on a deal that pays a 10% annual cash-on-cash return and an IRR of 13.8%.

Cost Implications Read More »

Frequently Asked Questions

Accounts /

Accounts

Frequently Asked Questions

Resources > Accounts

How long will it take for my account to be verified?

  • Once you have submitted your profile for verification, our KYC team will complete the preliminary cross-reference checks and provide feedback via email, if necessary. Please refer to your spam folders as well.
  • If all is in order, your profile and KYC documents will be submitted to our wallet service provider for verification.
  • The verification process can take up to 48 hours. (This excludes weekends).
  • You will receive an automated email once your profile has been verified and your KYC status will change from red to green on the platform.
  • Once your profile is verified, you will be able to fund your wallet by using your own preferred payment provider or Bank.

Why is my profile form locked?

  • Your profile is locked to protect your information.
  • Should you wish to update information under your profile, you will be required to unlock it. Click on the grey button to unlock your profile.
  • Remember to click on “save & submit” button to move your profile back to ‘pending verification’ after you have made the necessary changes.
  • Your profile and KYC documents will be submitted to our wallet service provider for verification.
  • The verification process can take up to 48 hours. (This excludes weekends).
  • You will receive an automated email once your profile has been verified and your KYC status will change from red to green on the platform.

I have signed up to the platform and have received the following message: ‘You have been added to our Member Registry’

  • When each investor signs up to our platform, they do ‘self-attestation’ and are prompted to select their investment category status as well as their country of residence.
  • Unfortunately, due to current our regulations, we are unable to provide access to our Platform to all countries and have added you to our Member Registry. Regulations are continuously changing, and we are working with the Regulators to make this available to you. We will notify you as soon as we are able to open our Platform to your country of residence.
  • Should your country of residence change or if you have any questions, please contact us at support@wealthpoint.app

I reside in the US and it shows that I am blocked?

The essence of our current investment model is that we make use of a specific exemption from the SEC that says that we are not allowed to have US-based tax residents as investors.

  • What this means is that as of right now, we cannot accommodate investors that are US tax residents paying with US-based funds.
  • This is a result of our legally regulated requirement not to enable any USA entity or US-based tax resident to be able to view information on our platform.

Reasons why you may not be able to save your information and complete your profile:

  • We recommend using either the Chrome or Firefox internet browsers when using our platform.
  • Unfortunately, users may experience issues on a MacBook when using Safari, if this is not the latest version it can result in not being able to save changes to your profile.

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