There are 4 types of evidence we can accept for entities such as Corporations, LLCs, Limited Partnerships, and other companies, outlined below.
1. Accreditation by Assets
To qualify, the entity must have $5M USD in total assets.
- Preferred forms of evidence include, but are not limited to:
- Bank account statements (please note that we are not able to accept balance letters).
- Brokerage account statements.
- Audited financial statements in the name of the entity.
- We can consider private equity holdings if we receive recent evidence of ownership alongside a 409A valuation dated within the last 12 months.
- We can accept crypto holdings, provided the entity name is listed on the evidence.
- For assets held in subsidiary or affiliate entities, we may request documentation of the relationship between the entities.
2. Accreditation by “All Owners Accredited”
To qualify, all underlying owners must be accredited investors themselves for having greater than $1M in net worth excluding primary residences, or they must meet the income requirements of annual income of more than $200k, or joint income requirement of more than $300k.
- A corporate entity may qualify as an accredited investor if all underlying owners provide evidence that they meet the accredited investor definition. See the accreditation evidence requirements for individual investors for all methods of individual accreditation.
- This method will also require you to provide evidence of the entity's ownership, such as an operating agreement.
3. Accreditation by Third-Party Attestation Letters (this is the recommended method for fastest verification)
All attestation letters must contain the required language. We recommend using or reviewing our accreditation letter templates, or the linked DocuSign below.
Third-Party Attestation to Assets
To qualify, the entity must have $5M USD in total assets.
The attestation to your entity's assets must be dated within the last 90 days, and completed by one of the following:
- Licensed Attorney OR
- Certified Public Accountant OR
- SEC- or state-registered Investment Adviser OR
- FINRA member Broker-Dealer. This does not include IRS Enrolled Agents.
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. Alternatively, a DocuSign for a third-party attestation to the entity’s assets can be found here.
Third-Party Attestation to All Owners Accredited
To qualify, all underlying owners must be accredited investors themselves.
The attestation to your revocable trust's assets must be dated within the last 90 days, and completed by one of the following:
- Licensed Attorney OR
- Certified Public Accountant OR
- SEC- or state-registered Investment Adviser OR
- FINRA member Broker-Dealer. This does not include IRS Enrolled Agents.
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. Alternatively, a DocuSign for a third-party attestation that all owners are accredited can be found here.
4. Accreditation by Broker-Dealers and Investment Advisers
- We independently verify licensure via Brokercheck or IAPD.