If you are not at least an accredited investor, then you are not currently eligible to invest in Allocate offerings.
There are several methods you can use to verify your accreditation status:
- The easiest solution for all qualification types:
- You can submit a verification request to a third party such as your CPA, investment advisor, or lawyer who will validate your status on your behalf.
- A current bank account or brokerage statement that evidences accreditation.
- Accredited Investor Qualification:
- If you qualify based on the income the requirement is:
- Exceeding $200K/yr for the past two years as an individual (whether filing single or jointly), and reasonably expect the same for the current year
- Exceeding $300K/yr if you filed jointly and include your spousal income or spousal equivalent, and reasonably expect the same for the current year
- You can provide your W2 documents for the two most recent tax years
- If you qualify based on net worth either alone or with a spouse or spousal equivalent, (you’re required to have a net worth that exceeds $1M, excluding the value of your primary residence), you can provide your bank/brokerage statements that show assets, as well as a credit report to show liabilities.
- If you qualify by currently holding a Series 7, Series 65, or Series 82 license, you can submit your CRD number. Note, the SEC has provided itself the flexibility to reevaluate or add certifications, designations, or credentials in the future. We will update these FAQs accordingly as any such additions are made.
- If you qualify based on being an individual or entity that is a qualified client (QC) or qualified purchaser (QP).
- The complete definition of an Accredited Investor can be found in Section 2(a)(15)(ii) of the Securities Act of 1933.
- If you qualify based on the income the requirement is:
- Qualified Client (QC) Qualification:
- If you qualify based on being an individual or entity that has $1.1M or more of assets under management with an investment adviser after the investment in a fund, you can provide your bank/brokerage statements that show assets.
- If you qualify based on being an individual or entity that has a net worth in excess of $2.2M prior to the investment in a fund (excluding the value of his or her primary residence), you can provide your bank/brokerage statements that show assets, as well as a credit report to show liabilities.
- If you qualify based on being an individual or entity that is an officer or director of a fund manager or is an employee who participates in the investment activities of an investment adviser and has been doing so for at least 12 months.
- If you qualify based on being an individual or entity that is a qualified purchaser (QP).
- The complete definition of a Qualified Client can be found in § 275.205-3(d)(1) of Section 205(a)(1).
- Qualified Purchaser (QP) Qualification:
- If you qualify based on being an individual or family-owned business not formed for the specific purpose of acquiring the interest in a fund that owns $5M or more in investments, you can provide your bank/brokerage statements that show assets.
- If you qualify based on being a trust not formed for the specific purpose of acquiring the interest in a fund that is sponsored by and managed by qualified purchasers, you can provide your bank/brokerage statements that show assets.
- If you qualify based on being an individual or entity not formed for the specific purpose of acquiring the interest in a fund that owns and invests at least $25M in investments (or someone who is acting on account of such a qualified person), you can provide your bank/brokerage statements that show assets.
- If you qualify based on being an entity, of which each beneficial owner is a qualified purchaser, you can provide your bank/brokerage statements that show assets.
- The complete definition of a Qualified Purchaser can be found in Section 2(a)(51)(A) of the 1940 Act.
Investors should carefully consider the investment objectives, risks, charges, and expenses of the Allocate offerings before investing. The offering documentation should be read carefully before investing in any Allocate offering.
Investments in the Allocate offerings are not bank deposits (and thus not insured by the FDIC or by any other federal governmental agency) and are not guaranteed by Allocate or any other party.
Note that each Allocate offering has a minimum qualification type based on its underlying investment fund and you will not be shown offers if you are not qualified for them.