Item: Shepherd Smith Edwards & Kantas, LLP
Rating: 5
Author: M.B.

What Is the Difference Between Sophisticated and Accredited Investors?

Video Summary: Being an accredited investor does not necessarily mean you are a sophisticated investor and also does not justify any unsuitable recommendations or any misrepresentations when selling an investment.

Video Transcript:

An accredited investor is an investor who meets certain income or net worth thresholds. Typically it's $200,000 a year in income or at least a million dollars in net worth accredited. Investors are allowed to buy certain investments that an average investor may not be able to buy but is important to remember that being an accredited investor does not necessarily mean you are a sophisticated investor and also does not justify any unsuitable recommendations or any misrepresentations when selling an investment.

It simply means certain investments are allowed to be sold to you, which wouldn't be able to be sold to someone who doesn't need that threshold.

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