Note: This article has been updated to reflect recent changes in the software. Please review the new information to stay up to date with the latest features and improvements.
An Investor's accreditation status can be updated in a few ways (a video demonstration of each is below):
Option 1: A Sponsor receives an accreditation verification letter and uploads a copy directly to the Investor's Account.
Option 2: An Investor uploads an accreditation verification letter through the Investor Portal while making their investment.
Option 3: An Investor completes an automated Investor accreditation through the Investor Portal - using the integrated Accreditation Verification process.
NOTE: When the accreditation certificate is received, the certification will typically have a 90-day expiration date. The Accreditation is typically good for 5 years if there are no material changes to the investor's status.
If the investor invests again within the 90-day window, the system will not require the investor to re-certify or to self-attest. This applies to an additional investment in the same capital raise, as well as to investments in new capital raises.
If the 90-day window has passed, but the 5 years have not passed, the investor will be required to self-certify to attest that no material changes have occurred that would affect their accreditation status.
Option 1. A Sponsor receives an accreditation verification letter and uploads a copy to the Investor's Account.
Option 2. An Investor uploads an accreditation verification letter through the Investor Portal while making their investment.
Option 3. An Investor completes an automated Investor accreditation through the Investor Portal using the integrated accreditation verification process.
NOTE: At this time, our Accreditation Verification feature is powered by Accredd!
When the investor already has a current Accreditation Certificate and uploads it to a Commitment, the sponsor is Sponsor is sent this notification so they can review and if approved, set the investor's Account to Accredited:
If an investor submits an Accreditation Request to Accredd and the Accredd application is rejected, the Sponsor and the Investor will receive an email notification stating the reason for the rejection and a link to retry their verification.
If an investor's Accredd application to Accredd is Approved by Accredd:
The investor's Account is automatically set to Accredited and an expiration date is set for 90 days after the accreditation date provided by Accredd
The investor can move to the next step in their Commitment process
Any questions or concerns about your investor's pending verification status? Reach out to our support team at support@investnext.com for assistance!
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