1. Client Profile & SEC Income Test
Basic Information
Income Verification (Rule 501(a)(6))
Requires income > $200k (individual) or $300k (joint) in each of the two most recent years, with a reasonable expectation of the same in the current year.
Enter gross adjusted income. Do not mix individual and joint tests; consistency across all three years is required by the SEC.
Professional Credentials (Rule 501(a)(10))
Holders in good standing of Series 7, 65, or 82 licenses qualify automatically, regardless of wealth.