The general definition of an accredited investor is they must individually earn $200,000 a year or married earning $300,000 a year together and are expected to make around the same amount over the next couple years. Alternatively, you can have a million dollars in assets minus your primary residence and be considered an accredited investor. The SEC passed some new rules about how to become an accredited investor. You can have a Series 7, Series 82, or a Series 65 license, which will qualify you as an accredited investor. You only need to get one of them.
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If you're one of those people who have been really wanting to get into the accredited scene, you have to meet one of the benchmarks. This one happens to be the easiest. Getting the Series 7 license is going to qualify you to have a securities license. The Series 82 qualifies you to be a private securities offering representative. Series 65 qualifies you to be an investment advisor. If you are one of those 3 things the SEC now sees you as an accredited investor. So take one of the exams. Our favorite option is the Series 65 because it does not require the prerequisite exam and you can take it for under $200.
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