Accredited Investor Representation Letter
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How to fill out Accredited Investor Representation Letter?
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FAQ
Pros of being an accredited investor include access to unique and restricted investments, high returns, and increased diversification. Cons of being an accredited investor include high risk, high minimum investment amounts, high fees, and illiquidity of the investments.
Have certain professional certifications or designations or other credentials. Have a net worth exceeding $1 million individually or combined with a spouse or spousal equivalent (excluding value of primary residence)
You can use a third party letter to obtain an InvestReady certificate as long as the letter is no older than 90 days and it was written by a licensed attorney, CPA, investment advisor, or Broker Dealer.
Do You Have to Prove You Are an Accredited Investor? The burden of proving that you are an accredited investor does not fall directly on you but rather the investment vehicle you would like to invest in. An investment vehicle, such as a fund, would have to determine that you qualify as an accredited investor.
A letter to be delivered by a registered broker-dealer, registered investment adviser, licensed attorney, or certified public accountant to assist the issuer in a Rule 506(c) offering in taking the necessary "reasonable steps" to verify the accredited investor status of a prospective purchaser.
To be an accredited investor, a person must have an annual income exceeding $200,000 ($300,000 for joint income) for the last two years with the expectation of earning the same or a higher income in the current year.
If you qualify as an Accredited Investor based on net worth, you will need to provide recent account statements or third party appraisals that show the value of your assets. We will also pull your credit report and deduct any non-mortgage liabilities from the value of your assets.
With this method, a 3rd party verifies that the Investor is an Accredited Investor. The SEC specifically mentions broker dealers, registered investment advisors, attorneys, and certified public accountants. Safe harbor evidence is a letter written and signed by one of the above-mentioned professionals.