Accredited investors
What is an accredited investor?
Accredited investors must meet certain standards created by the US SEC which allow them to invest in certain private securities offerings. You can find the full list of US accredited investor requirements here. Non-U.S. investors must meet US standards to participate. In general, you are considered accredited under US law if you are an:
Individual
with annual income over $200K (individually) or $300K (with spouse or spousal equivalent) in each of the last 2 years and expect to make at least $200K (individually) or $300K (with spouse or spousal equivalent) this year.
with net assets over $1 million, excluding your primary residence (unless more is owed on the mortgage than the residence is worth).
Investment professionals in good standing* holding the general securities representative license (Series 7), the investment adviser representative license (Series 65), or the private securities offerings representative license (Series 82)
Investment professionals in good standing* holding one or more of the following professional certifications or designations:
Securities Industry Essentials and the Series 7TO (must have both)
Licensed General Securities Representative (Series 7)
Licensed Investment Adviser Representative (Series 65)
Licensed Private Securities Offerings Representative (Series 82)
* Good standing equals being actively registered with a broker dealer or in the safe harbor after being off-boarded (U5) at one firm before being on-boarded (U4) onto another.
Entity
Entities owning investments in excess of $5 million
Corporations, partnerships, LLCs, trusts, 501(c)(3) organizations, employee benefit plans, “family office” and any “family client” of that office with assets in excess of $5 million
Entities where all equity owners are accredited investors
Investment advisers (SEC- or state-registered or exempt reporting advisers) and SEC-registered broker-dealers
Financial entities such as a bank, savings and loan association, insurance company, registered investment company, business development company, or small business investment company or rural business investment company
Verification
What kind of documents can I upload to verify I am an accredited investor?
Income Verification: Upload tax returns, W-2s or K-1s from 2018 and 2019 showing income of $200K or greater for an individual, or $300K as a couple.Net-Worth Verification: Upload a bank, investment, or brokerage account showing assets greater than $1M excluding your primary residence. (If your accounts show less than $2M you will need to also upload a credit report).Third Party Verification: Upload a letter from your accountant, lawyer, or registered investment advisor verifying you are accredited under Reg D Rule 501.