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What is a Wholesale Investor?

  -  What is a Wholesale Investor?
Information for clients wanting to invest in Zerocap's suite of sophisticated investment products.

DISCLAIMER:

ZEROCAP PTY LTD CARRIES OUT REGULATED AND UNREGULATED ACTIVITIES. SPOT CRYPTO-ASSET SERVICES AND PRODUCTS OFFERED BY ZEROCAP ARE NOT REGULATED BY ASIC. REGULATED SERVICES AND PRODUCTS INCLUDE: STRUCTURED PRODUCTS AND FUNDS, WHICH ARE AVAILABLE TO WHOLESALE CLIENTS ONLY AS PER ASIC’S DEFINITION.

To be considered a sophisticated investor, a client’s accountant needs to certify that they: Have earned an income of AUD $250,000 or more per annum for the last two years or Hold net assets of at least AUD $2.5 million. (reg 6D.2.03 and reg 7.1.280)

Sophisticated investors can access investment opportunities not generally available to retail investors. To be considered a sophisticated investor (Accredited investor), a client needs a Qualified Accountant’s Certificate (also called a Sophisticated and Wholesale Investor Certificate or Accredited Investor Certificate) signed by a qualified accountant, verifying their assets and/or income.

Certificates are valid for two years and clients are to make the initial investment within six months of obtaining the certificate. Further information on this can be found in Chapters 6D and 7 of the Corporations Act 2001.

If a client is investing more than AUD $500,000 in a single investment opportunity, they are considered a wholesale investor.

Wholesale investors are subject to the same Investor Certificate requirements as sophisticated investors, but are defined under Chapter 7 of the Corporations Act (2001).

In order to qualify for Zerocap’s Structured Products and Funds:

Please upload evidence such as an accountant’s certificate (you can use this template if you do not already have one).

You can do this by Navigating to “Your Account Information” section within the client portal, here you will be prompted to answer the following: Are you/Is this company/Is this trust a wholesale client – as per ASIC’s definition, or equivalent in your jurisdiction?

After selecting “yes” from the dropdown menu, you will be prompted to then upload evidence of “wholesale client status.” Here you can upload your accountant’s certificate and other supporting documentation.

If you are experiencing any issues with the file upload or require further information, please reach out to [email protected].

To discuss how bitcoin and other digital assets fit into your portfolio, contact us at [email protected].