If you are investing in a fund that is fundraising under 506(c) you will need to provide documentation to verify your status as an accredited investor under US securities law.
The documentation you provide depends on the basis on which you are accredited.
You can accredit based on either:
• Income: $200,000 USD ($300,000 together with a spouse) in each of the last two years
• Assets: Net worth over $1 million, individually or together with a spouse - excluding the value of your primary residence.
If you meet both income and asset accreditation criteria, you can choose whichever one is most convenient for you to provide documentation for.
Verification by Licensed Professional
Rather than provide specific documentation supporting your income or assets, you can provide a letter from one the following licensed third party verifiers that confirms your status as an accredited investor: CPA, attorney, investment advisor or investment broker.
Our accreditation verification process allows you to trigger an automated email to your verifier that is pre-populated with the required confirmation language for them to complete the verification with the click of a button.
Income-Based Accreditation Documentation
If you are accredited based on income, you will need to provide documentation in the form of tax returns, W-2s or other official documents that shows you meet the required income threshold for the prior two years.
Asset-Based Accreditation Documentation
If you are accredited based on assets, you can provide recent brokerage, bank account or similar statements clearly showing your name, the date and the value of your account(s). If you choose this verification method, we are also required to pull your credit report and deduct any non-mortgage debts shown from the value of your assets to arrive at your net worth. Your credit score will not be affected by this, as we perform a "soft-pull" credit report.
All accreditation documents you submit will remain confidential.