Company – Wealth Migrate

How To Fund Your Investor Wallet Securely Online

Blog, Company, Document Guidelines, Investing, Investor Basics, Portfolio, Real Estate, Real Estate Investment, Resources, Uncategorized / Wealth Migrate

Now that you have completed the Know Your Client (KYC) part of creating an investor account, funding your wallet is the next step to becoming a Wealth Migrate investor. Diversify your portfolio on our FinTech platform with a personal digital wallet.

The diverse investment deals available on Wealth Migrate’s marketplace range from as little as $100 (USD) or more, and from time to time we may run exclusive offers where the minimum investment amount is reduced.

As an investor, you can access a complaint and well-regulated platform to invest in a range of diverse institutional-quality real estate or structured note deals. Usually, individual investors lack the access and wealth to invest in such deals, but this digital platform creates an opportunity for a more accessible method of wealth creation.

Our partnership with Lemonway ensures your financial transactions are safe and secure

Through our partnership with our European wallet and cash custody provider Lemonway, we provide a digital wallet that is accessible and secure for our you to create and preserve wealth. Lemonway enables us to offer a FinTech platform where you can fund a single transactional wallet and invest in opportunities that meet your personal investment portfolio requirements.

This is what our partnership with Lemonway means for you:

Lemonway holds a Payment Institution Licence – DSP2 Regulation 2015/2366. This licence is valid in all European countries including the UK. Article 10 details Lemonway’s obligations to comply with client money rules, and Lemonway upholds compliance with CASS and the Financial Conduct Authority’s client money rules.

The contractual relationship with our partner allows Lemonway to hold our investors’ money (under CASS 6) – this also ensures there is strict control over the movement of funds (under CASS 8).

Records, accounts, and reconciliations – Lemonway keeps records of all individual investor transactions and balances, this includes additional security measures pertaining to electronic signatures and further internal checks and balances.

In case a business partner or Lemonway goes insolvent there is support for firms in terms of CASS 7A (client money distribution and transfer) and CASS 11.13 (debt repayments). Where all funds are attributed to individual accounts and Lemonway transfers obligations to one or more run-off management designated firms.

Your personal and financial information and transactions are protected

In short, our procedural operations cover two countries for data jurisdiction: South Africa and France. Most of our administrative team resides in South Africa and France is the location of our KYC and wallet service provider.

For South Africa, our team upholds the Protection of Personal Information Act (POPI Act 4 of 2013) as gazetted by the South African Government. In respect of France, as part of the terms and conditions agreed to during the create a personal account process, you consent to having your information shared with Lemonway.

The information you provide is used to verify your identity and create a digital wallet in your name and Lemonway adheres to the General Data Protection Regulation EU 2016/679. If you would like to read more on Lemonway’s data protection policy, click here to access it.

Follow this process to fund your digital wallet

In terms of our business, we have chosen the currency of US Dollars to fund investment deals on Wealth Migrate’s platform. All our deals require you to have US Dollars to invest and that’s why you will need to have a digital wallet.

Ensure your wallet has enough funds for your investments by wiring US Dollars to your US currency digital wallet, you can do this by logging into your account, and clicking on the wallet icon. In the wallet section, the term ‘deposit funds’ means that you are completing a wire transaction to ensure you have US Dollars in your wallet. Unfortunately, you can’t go to your bank or to an ATM to do this step, as this is an overseas financial transaction and requires a wire transfer.

To fund your digital wallet, use your unique payment reference number starting with WM – this shows Lemonway this is from a Wealth Migrate client to ensure the payment goes through. The unique payment reference number will ensure that there is no misallocation of funds to your wallet.

If there’s an investment deal that you want to invest in before it closes, you will need to fund your wallet in advance. It’s important to note that there is a wait time of three to five business days to receive approval from Lemonway, only after that period will the US Dollars from the wire transfer reflect in your online wallet.

We’ve also made some visual guides available as a downloadable PDF or video to help you with this process. Download our thorough step-by-step guide here for an in-depth overview of the KYC process or view our quick “How to fund your wallet” 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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Wealth Migrate: Know Your Client (KYC) Process And Its Importance

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

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:

Create your investor account – register with your chosen e-mail address and password.

Country of residence – select the country on the drop-down menu.

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:

You will receive an automated e-mail once your profile has been verified.

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.

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

Performance Reports 2020

Company / Ruan Smit

Company

Performance Reports

2020

Resources > Company

We at Wealth Migrate adhere to our values of trust, transparency, and alignment and are thus excited to share an overview of our portfolio performance for the 2020 calendar year.

We are happy to report that all ten deals included in our 2020 portfolio were well in line with their projected returns for the year. Despite all the challenges that 2020 presented, we are grateful that none of our portfolio deals showed any significant down-side deviations from their expected returns.

This report does not include any independent or white label deals as it focuses exclusively on our portfolio of deals that were active during 2020. Please note that for fair comparability to their projections, all returns displayed in this report were calculated on a pre-tax and pre-fee basis as declared by our various sponsors. This means that your personalized returns might differ slightly from the results shown below as no adjustments for tax nor transaction fees (including banking fees, processing fees, or other investor-facing fees) were accounted for in the returns stated below.

Wealth Migrate is pleased to report that half of our 2020 portfolio deals slightly outperformed their targets, while the remaining 50% produced returns that were either at or just below their annual targets. Our largest downside deviation for the year was a Value-Add offer, in terms of the deal’s risk profile, with only 63 basis points (bp) or 0.63% short of its projected annual return. Please note that this is still well within our acceptance criteria.

Portfolio Composition as at the end of 2020

As any investment entails a certain degree of risk, we specifically want to acknowledge our sponsors for the quality deals that they bring to our community. Although reasonable variations between the actual and targeted returns are present, we are grateful that our trusted sponsors were able to deliver on their forecasted returns, despite the difficult year that 2020 turned out to be.

We are proud to share a growing portfolio with our community, prospective investors, and shareholders

8.01%

portfolio average COC for 2020 against an overall projection of 7.89%.

4.2 years

average investment term.

$464 403

distributed during 2020 in the form of dividends, interest, and return of capital.

Portfolio Breakdown Per Sponsor

Orbvest:

All four of our USA-based Medical deals performed well and were in line with their projected returns for the year. Med-22 (core-risk