The definition of a qualified investor comes from Rule 205-3 of the Securities and Exchange Commission’s (SEC) Investment Advisors Act of 1940. In this section, the law regulates contracts for investment advisement. There are actually several ways to be considered a qualified investor. According to the description in the law, people are qualified investors if they:
- Have a minimum net worth of $1 million or a joint net worth of $1 million with their spouse. The value of a person’s primary residence is not included in that figure.
- Have an annual income of at least $200,000 for a single or a combined income of at least $300,000 with their spouse. If you meet the requirements to be a qualified investor, please enter your email address and enter our site to learn more about our fund.