How to get verified as an accredited investor?

How to get verified as an accredited investor?

Phil CecerePro Member
Member since 2021 · 31 posts · 11 votes

Hello All,

Can anyone recommend how to get verified as an accredited investor? Are there reputable sites to go to receive the verification in order to then be able to reach out to potential syndications or link up with other investors in the future? Would like to streamline the process if possible to already have the verification in hand.

Thank you for your time!

Phil

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Bruce WoodruffPro Member
Contractor/Investor/Consultant · San Diego / Phoenix · Member since 2021 · 12k+ posts · 15k+ votes
4y

I didn't know there was such a thing to be honest.....

See this reply in the discussion

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  • Bruce WoodruffPro Member
    Contractor/Investor/Consultant · San Diego / Phoenix · Member since 2021 · 12k+ posts · 15k+ votes
    4y

    I didn't know there was such a thing to be honest.....

  • Phil CecerePro Member
    OP
    Member since 2021 · 31 posts · 11 votes
    4y

    I found a site "Verifyinvestor.com" that looks as if they provide that service, but don't know how reputable they are.

  • Lender · Vienna, VA · Member since 2021 · 61 posts · 33 votes
    4y
    Quote from @Phil Cecere:

    I found a site "Verifyinvestor.com" that looks as if they provide that service, but don't know how reputable they are.


  • Lender · Vienna, VA · Member since 2021 · 61 posts · 33 votes
    4y
    Quote from @Terri Wyzkoski:
    Quote from @Phil Cecere:

    I found a site "Verifyinvestor.com" that looks as if they provide that service, but don't know how reputable they are.



  • Lender · Vienna, VA · Member since 2021 · 61 posts · 33 votes
    4y
    Quote from @Phil Cecere:

    Hello All,

    Can anyone recommend how to get verified as an accredited investor? Are there reputable sites to go to receive the verification in order to then be able to reach out to potential syndications or link up with other investors in the future? Would like to streamline the process if possible to already have the verification in hand.

    Thank you for your time!

    Phil

    The way you are identified as an accredited investor will be a little different for every investment.  You’ll provide specific information to verify your financial wherewithal for a specific syndication, etc.  Every syndication or investment performs their own due diligence.
  • Investor · Sugar Hill, GA · Member since 2014 · 168 posts · 97 votes
    4y

    @Phil Cecere

    We accept funds to invest and we wouldn’t take a certification or verification from a third party.

    We must inquiry ourselves by law.

  • Phil CecerePro Member
    OP
    Member since 2021 · 31 posts · 11 votes
    4y
    Quote from @Terri Wyzkoski:
    Quote from @Phil Cecere:

    Hello All,

    Can anyone recommend how to get verified as an accredited investor? Are there reputable sites to go to receive the verification in order to then be able to reach out to potential syndications or link up with other investors in the future? Would like to streamline the process if possible to already have the verification in hand.

    Thank you for your time!

    Phil

    The way you are identified as an accredited investor will be a little different for every investment.  You’ll provide specific information to verify your financial wherewithal for a specific syndication, etc.  Every syndication or investment performs their own due diligence.

     Thank you Terri!

  • Phil CecerePro Member
    OP
    Member since 2021 · 31 posts · 11 votes
    4y
    Quote from @Ed Tamayo:

    @Phil Cecere

    We accept funds to invest and we wouldn’t take a certification or verification from a third party.

    We must inquiry ourselves by law.


     Makes sense. Thanks for the reply Ed!

  • Phil CecerePro Member
    OP
    Member since 2021 · 31 posts · 11 votes
    4y
    Quote from @Joe Archbold:

    Phil,

    We are a broker-dealer group and can assist in the evaluation of syndications as LP. We provide a compliant accredited investor questionnaire for investing. Reach out if I can assist.
    Regards

    Joe


     Many thanks Joe! Will do!

  • Paul MoorePro Member
    Commercial Real Estate Fund Manager · Lynchburg, VA · Member since 2015 · 1k+ posts · 1k+ votes
    4y

    Hi @Phil Cecere. Great question.  For a Reg D 506c syndication (I’d guess 80-90% of the ones most of us would manage or invest in), I highly recommend VerifyInvestor.com. We automatically include this service for all of our investors as part of the investment process at no charge to them.  You can pay them directly (~ $65 I think) and their verification letter is good for 60 days I believe.  

    You can also have a CPA, attorney, or certified financial planner provide a verification letter. 

    Happy Investing!  

  • Investor · Garwood, NJ · Member since 2018 · 66 posts · 66 votes
    4y
    Quote from @Phil Cecere:

    Hello All,

    Can anyone recommend how to get verified as an accredited investor? Are there reputable sites to go to receive the verification in order to then be able to reach out to potential syndications or link up with other investors in the future? Would like to streamline the process if possible to already have the verification in hand.

    Thank you for your time!

    Phil

     Hey Phil - we require our investors to fill out a self-accreditation questionnaire as part of the subscription process for every one of our syndication opportunities, just like @Ed Tamayo said. We don’t accept third party accreditation - it’s our responsibility to verify directly with each investor their accredited status for every investment. 

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