WealthBlock offers the ability to document and automatically generate Distributions. Our current service Payment Service powered by Cliq will require an additional contract for distributions to be automatically created. To enable this service and begin the application process please reach out to platform.support@wealthblock.ai.
Platforms with Automatic Distributions will see the 'Select a View' dropdown under Transactions page.
Platform Settings > Distribution Flag
To create a Distribution to be executed on a cadence or specific criteria you will need to go to Distributions > Add Distribution
Fill in any of the Required fields
Go to Transactions > Distribution > Add Distributions
In the event the default configuration under Distributions does not address your concern around the execution of the distribution, a user can elect to use a Custom Configuration. Custom configuration will require input into the Platform > Transactions > Forms > Transactions
The custom configuration is driven by Platform > Settings > Forms > Transactions
When under Transactions > Distribution you will see your calculation field under 'Custom Calculation Field'
Compliance and Investor Confirmation
As part of our compliance flow, investors will be required to enter a new ACH for their Distribution under My Account > Payment Method > Add Distribution Method
In the event, the Investor Account is in a Distribution package and has NOT confirmed the Distribution ACH payment method the corresponding Distribution will not move from PENDING in the Transaction table and payment will not process till ACH Distribution is confirmed with Approved status automatically.
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