How can I create a Family Portfolio?
You can create a portfolio by going to the portfolio holdings screen check the top right corner of the screen header you will see the family portfolio button to create a family portfolio.
What is a family portfolio?
A family portfolio is a feature that allows you to track your investments across multiple family members all in one place at the same time.
How do I add family members to my family portfolio?
If you create a family portfolio for the first time then while creating you will get an option to add family members. You can add your family members as virtual members where they don't need to create an account but you can manage and import their investments.
Or if your family member Is already using the InvestMates app then you can simply invite them to be part of your family wealth as a real member, by clicking on toggle Yes for existing members, searching the member then selecting to send a joining invitation.
What happens if the family member I want to add doesn’t have an account?
You can create a virtual family member account by providing their name, relationship, and phone number. You can start adding assets to this virtual account, and the family member can later claim the account by creating a real account using the same phone number for Signup as given by the family portfolio creator.
How does consent management work in the Family Portfolio?
The Head sends a consent request to the family member. The member can approve or reject this request. Upon approval, the member’s portfolio is linked to the Family Portfolio. The member can revoke consent at any time, which will notify the Head and remove their portfolio from the Family Portfolio.
How do I change my family member's name?
You can change your family member's name by clicking on the "Family" button on the P&L card on your wealth dashboard, you will get a popup on the screen with the family member's list and the "Manage Family" button, click on the manage family you.
On the manage family page you will see a three dots button against every family member click on the three dots button, and the edit button, and then you can change the name and other details of your family member.