Syncing data
If I update some details of any existing client on WealthMagic, will it reflect on Fintso?
Any change to the personal details or KYC data on WealthMagic will not be updated in Fintso. This is to ensure that there is no misrepresentation of data in case the same underlying data was used to enable a product on Fintso. Any changes to ...
I am already using both Fintso and WealthMagic for my business. Will my data be duplicated via the migration process?
No, your data will not be duplicated. We have built checks to ensure that clients with the same PANs do not get created again in Fintso. In case there are clients without PAN available in WealthMagic, they will only be created in Fintso if their ...
Will my other product data like Insurance (Life, General, Health), PMS, Stocks, FDs, Bonds also get migrated to Fintso?
In the current scope of migration, these data points will not be migrated. However, this remains on our roadmap and will keep you informed when we are ready to launch.
Can I use Fintso to execute Mutual Fund Transactions for my clients after the migration?
Currently, Folios, Transactions or any other Mutual Fund related data points will not be imported from WealthMagic into Fintso. This may be offered in the future. However, you can enable Mutual Funds on Fintso by verifying your ARN and then can ...
Will all my families and CRM groups available in WealthMagic be created in Fintso as a part of this migration?
There is a slight difference in the terminologies used. WealthMagic Fintso Groups Families CRM Groups Groups All your Families and CRM groups which have at least 2 members will be created in Fintso as a part of this migration.
Will clients created in Fintso reflect in WealthMagic automatically?
No. The sync enabled is to ensure that your clients in WealthMagic are made available in Fintso. Clients created in Fintso will not reflect in your WealthMagic account.
What data will be synced between WealthMagic and Fintso? Will this be a one-time sync or a regular activity?
Your own profile and client data will be synced from WealthMagic to Fintso. Client data will include Clients (post merge), Groups (Families), and CRM Groups. To start off, your entire dataset will be synced in a one-time process. Going forward, we ...