What is an accredited investor?
Generally, an individual is an accredited investor if they meet one of the following criteria:
- Have an individual net worth, or joint net worth with their spouse or spousal equivalent, that exceeds $1 million (excluding the value of your primary residence)
- Have individual income exceeding $200,000 in each of the past two financial years and a reasonable expectation of satisfying this requirement in the current year
- Have combined income with their spouse exceeding $300,000 in each of the past two financial years and a reasonable expectation of satisfying this requirement in the current year; or
- Hold a Series 7, Series 82 or Series 65 financial services license.