If you invest in a publicly fundraising fund, 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:
- (Preferred) Income: $200k ($300k together with a spouse) in each of the last 2 years
- Assets: Net worth over $1M, 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 providing specific documentation supporting your income or assets, you can provide a letter from one of the following licensed third-party verifiers: CPA, attorney, investment advisor, or an 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.
Income-Based Accreditation Documentation (preferred)
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 show 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 soft-pull your credit report and deduct any non-mortgage debts shown from your assets' value to arrive at your net worth. Your credit score will not be affected by this.
Series 7, Series 65, or Series 82 License Documentation
If you are accredited based on holding a Series 7, Series 65, or Series 82 license, you must prove you hold this license and are in good standing.
All accreditation documents you submit will remain confidential and will be solely used for verification purposes.