☑️Accredited Investors

Individual people

For an individual, accreditation is based on wealth, income qualifications, or financial expertise demonstrated through specific credentials or certifications. To be accredited, individual people must meet one of the following criteria:

• Net worth over $1 million, not including primary residence (individually or jointly with spouse or partner)

• Income over $200,000 (individually) or $300,000 (joint income with spouse or spousal equivalent) for at least the past two years, including the current year

• Financial professionals who hold in good standing a securities representative license (Series 7), an investment adviser representative license (Series 65), or private securities offerings representative license (Series 82)

• For investments in private funds, “knowledgeable employees” of the fund count as accredited investors in that fund

Institutions

For an institution, accreditation is determined by institution type and the amount of assets the institution has under management. A few examples of accredited institutions include:

• Entities with more than $5 million in total assets, including corporations, partnerships, LLCs, trusts, charitable organizations, family offices, and employee benefit plans

• Certain financial entities, including banks, insurance companies, registered investment companies, and business development companies

• SEC-registered broker-dealers, investment advisers that are registered with the SEC or a state, and exempt reporting advisers

• An entity owned by accredited investors

The rest of the required accredited investor status qualifications for individuals and institutions can be found on the SEC’s website.