Masses do not have the time and capacity to understand different financial instruments and follow the market trend. An average person is more involved with their day-to-day life, work, family, health, etc.

Hence, for financial activities like investments or insurance, we seek consultation from a financial distributor.

Most popular among these are Mutual Funds Distributors who help you select and invest in different Mutual Funds according to your life goals.

While there are solutions like RedVision and BankSathi that help Mutual Funds Distributors do their job, there isn’t any such solution that helps Financial Distributors diversify clients' portfolios in defi assets. Such a solution should have at least the following capabilities to make life easier for these distributors:

1. Manage Multiple Clients Accounts
   
   Financial Distributors manage multiple clients and hence they need a single portal from where they can manage all of their individual clients’ accounts.
    
2. Onchain Transparency
   
   Having all the assets on-chain provides transparency in the system and lets user verify their portfolio anytime.
    
3. Tax Reconciliations & KYC
   
   Anonymity is a value addition for defi users, but our solution is for the masses who are more interested in taking long-term exposure in the defi assets and paying their fair share of tax to the government. Hence, there should be a provision to KYC each user and proper Tax reconciliation as per government norms.
    
4. Clarity on Expenses & Hidden Charges
   
   There is value addition in helping masses diversify a portion of their portfolio in defi assets. It is achieved with the combined efforts of:
    
   1. 'The Platform' which ensures security and maintains credibility
   2. 'The Distributor' who is the point of contact for the end user.
       

However, the user must be able to see the expense and charges of using such a product
 

Tale Wallet aims to solve the disconnect (for cryptos) between users and financial distributors with Fund Magnet. Fund Magnet is our SAAS solution that lets a financial distributor expand their scope of work to crypto while solving all of the above-mentioned problems.

Our product is in the beta stage now but if you are interested in using our product as a Financial Distributor then go to https://fundmagnet.io/ and request access by clicking on the request access and submitting your email address and phone number.

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