Under the SEC’s Rule 501, a person can qualify as an accredited investor any one of three ways: By having an individual net worth or joint net worth with a spouse exceeding $1 million at the time of the investment, excluding the value of a primary residence (and any related indebtedness); or By having an individual annual income exceeding $200,000 in each of the two most recent years, or a joint annual income with a spouse exceeding $300,000 for those years, and a reasonable expectation of the same income level in the current year. Holds in good standing a Series 7, 65, or 82 FINRA license. In addition, certain organizations/institutions qualify as accredited investors. A more complete definition is available on the SEC website.