The definition of an Accredited Investor is set forth by the U.S. Securities and Exchange Commission (SEC). You can learn more about the definitionHERE. See below for a summary.
- Income: W2s, 1099s, or tax returns for the past 2 full years to show your individual income exceeds $200,000 (or joint income exceeds $300,000) for each year.
- Assets: Provide statements dated within the past 3 months that include your name and date account statements or third party appraisals that show the value of your assets exceed $1,000,000 excluding your primary residence.
- Professional Letter: Provide an official written communication from a licensed CPA, attorney, investment advisor or registered broker-dealer dated within the past 3 months, stating that the professional services provider had a reasonable belief that you are an Accredited Investor.
- Professional Designation: Provide your CRD # (Look up your ID at BrokerCheck) that indicates you hold one of the following licenses in good standing: General Securities Representative license (Series 7), the Private Securities Offerings Representative license (Series 82), or the Investment Advisor Representative license (Series 65).