There are three terms in Investing, which have a similar meaning:
a. Wholesale Investor
b. Sophisticated Investor
c. Accredited investor
These are three names used for an investor who has special status under financial regulation laws.
For the remainder of this walkthrough, we’ll use the term Wholesale Investor as the primary term.
The financial regulations for a wholesale investor are different depending on where you live.
Below is an alphabetical list of countries, to briefly explain each regulation:
Your accountant needs to issue a certificate stating that you meet the criteria prescribed in the Corporations Regulations 2001, namely net assets of at least $2.5 million, or a gross income for each of the last 2 financial years of at least $250,000.
And/or if you have a Self Managed Super Annuation (SMSF) Fund.
If you’re a Canadian, you have the most definitions outlined to explain if you’re eligible or not.
Click here to visit a detailed walkthrough for you: Especially for Canadians
If you have:
New Zealand legislation states in the Financial Markets Conduct Act (2013), the following:
As a wholesale investor, you are excluded from aspects of the Act if you meet this relevant criteria: FMCA2013-Exclusions for Wholesale Investors
Clients we work with usually fall under one of two clauses in that exclusion, those being:
2. A person is a wholesale investor if—
(b) the person meets the investment activity criteria specified in clause 38
3. A person is also a wholesale investor, in relation to an offer of financial products, if—
In Singapore, it’s defined in Section 4A(1)(a) of the Securities and Futures Act (SFA), Chapter 289, as:
At the time of writing JAS Trader service is not being offered in the USA. We are working on setting up with the NFA and associated bodies in the US. If you are interested and would like us to keep you updated, click here: For our friends in the US
* Important Note: All the above is a guide only. It is not legal advice. Ask your Accountant in your Country for clarification.
External Reference: The information above was summarised from the entry in Wikipedia, last edited in May 2018, which has references to each of the relevant country financial regulations. You can find that original source here: Wikipedia
Which best describes you now?:
If you’re not able to invest in a Wholesale/Accredited/Sophisticated fund, click here for additional options:
If you’ve been referred and you’re just looking to get started, then get in touch with us here: