What is a Proof of Wealth document?+
A Proof of Wealth document — sometimes called a Wealth Statement, Statement of Net Worth or Verification of Funds — is a signed PDF that aggregates a person's total net worth across asset classes in one institutional-grade report. It's used by banks, fund administrators, KYC providers, immigration counsel and private-bank onboarding teams to verify that an individual or household meets a qualifying threshold without surfacing every underlying statement.
How does wlthy generate a Proof of Wealth PDF?+
Add or import every asset, debt and cash flow into wlthy. Click Generate Wealth Statement, pick the reading currency and the period label, optionally hide individual line items from per-row view (they still count in the verified total). Wlthy renders a multi-page PDF with an institutional header, every asset and debt listed at full precision, a verified content hash, and a unique report ID — ready to attach to your bank, fund administrator or KYC provider.
Is the Wealth Statement legally binding or audited?+
The Wealth Statement is a verified document — the content hash means the recipient can independently confirm the document hasn't been altered since issuance. It is not an audited financial statement and wlthy is not a regulated audit firm. For purposes that require an independent audit (e.g. some institutional fund subscriptions), the Wealth Statement is typically paired with a CPA-attested cover letter referencing the wlthy hash.
Can I hide specific holdings from the per-row view but keep them in the total?+
Yes. Each asset row carries a privacy toggle. Hidden holdings are aggregated into a single 'N hidden by holder' chip on the per-row view but still count toward the verified total. This is the standard pattern for HNW Proof of Wealth — you want the institution to verify the threshold without surfacing every position.
How is wlthy's Proof of Wealth different from a bank's letter of reference?+
A bank letter only verifies what's in that bank. The Wealth Statement aggregates wealth across every institution and every asset class (real estate, crypto wallets, private equity, vehicles, precious metals, cash held anywhere) into one PDF. For HNW individuals with wealth spread across multiple banks, jurisdictions and asset classes, a single bank letter dramatically understates the picture; the Wealth Statement is purpose-built for the consolidated view.
Which currency can the Wealth Statement be issued in?+
Any of wlthy's 13 currency lenses (USD, EUR, GBP, CHF, JPY, CNY, AUD, CAD, HKD, SGD, TRY, AED, SAR). The recipient institution often dictates the currency — Portuguese golden-visa applications want EUR, UAE residency wants AED, Singapore PR programmes want SGD. Re-issue the statement in a different currency in a single click; each issuance gets its own report ID and content hash.
How long does it take to generate?+
Once your ledger is up to date, the Wealth Statement renders in under a minute end-to-end — including hash computation, registry write and PDF assembly. The bottleneck is getting the underlying assets entered; AI Import (drop a broker statement, bank export or portfolio screenshot — Claude parses every position) usually handles the bulk in a few minutes.