Intro
An accredited investor is an individual or entity that is allowed to trade securities that may not be registered with financial authorities. Individuals are entitled to this privileged access by satisfying at least one requirement regarding their income, net worth, asset size, governance status, or professional experience.
Accredited investors can see open offers to purchase stock on the company's price chart, located on the company profile page on Notice.co.
What are the steps to becoming accredited on Notice?
There are two steps to receiving accredited status on Notice:
Complete accreditation questionnaire on Notice. To access questionnaire, go to https://notice.co/dashboard, click on your avatar at the top right of the page, then click on "Accreditation".
Provide documents/evidence using one of the options discussed below to verify your status.
What are the documentation requirements?
Screenshots of account statements are not acceptable. You must provide PDFs of full account statements. It's OK to redact data but we need to verify Name/Date/Account Balance.
What are the verification options?
(*EASIEST OPTION*) Accreditation letter:
A member can provide a letter, using this template, verifying their status as an accredited investor, so long as the letter is from a licensed CPA, attorney, broker-dealer, or registered investment advisor.
The letter must be dated within the last 90 days.
Income Verification: IRS Form W2s, 1040s, 1099s, and other tax documents verifying income (past two years).
Some members may want to provide pay stubs, disability or unemployment income. Generally acceptable so long as the past two years of income is provided.
Some members may provide an offer/employment letter, but because the offering letter states the anticipated income, but not the actual income received, generally this is not acceptable.
A statement (can be plain English, free form) attesting that the member anticipates receiving similar income to what is shown in information provided is required to accompany any income verification method discussed above.
Net Worth: Investment property (primary residence is excluded), bank statements, brokerage statements, retirement funds, life insurance policies (excluding term) and other statements evidencing investments.
For investment property, an appraisal or tax assessment is needed to verify the investment property’s value. Some verifiers rely on online estimates from Zillow.
All statements should be dated within the last 90 days and have the member's name, and the institution’s name on the document.
Full credit report is required to accompany any net worth method discussed above, in order to verify liabilities.
A statement (can be plain English, free form) attesting that the member has disclosed all liabilities necessary to make a net worth determination is required to accompany any net worth method discussed above.
Other:
User’s name if qualifying via Series 7, 65, or 82 license.
Entities:
A common path for an entity to verify its accreditation status is to provide a list of members that are accredited. Notably, the members must all demonstrate that they are accredited investors using the methods discussed above if they are seeking accreditation this way.
Otherwise, proof of assets (like “net worth” above) is another common path. The statements demonstrating sufficient assets should have the entity’s name on the statements.
How long does it take for me to become accredited?
It can take up to 2 weeks depending on verification option you select.
How do I check on my accreditation status?
Please email us at [email protected] with your member name and we will look into the status of your verification.