As part of Farringdon Asset Management Pte Ltd, we specialise in advising Accredited Investors. An Accredited Investor is someone who meets the requirements set out by the Monetary Authority of Singapore (MAS) and has opted in to be treated as an Accredited Investor by their bank or financial adviser. Accredited Investors are deemed to require less regulatory protection and generally therefore have access to a wider range of investment products than non-Accredited Investors.
For individuals to qualify to become Accredited Investors, they have to meet at least 1 of the following 3 criteria:
1. Worldwide income in the preceding 12 months is not less than SGD 300,000 (or its equivalent in a foreign currency).
2. Net personal assets exceeding SGD 2 million (or its equivalent in a foreign currency) in value, of which the net
value of the investor's primary place of residence can only contribute up to SGD 1 million.
3. Net Financial Assets exceeding SGD 1 million (or its equivalent in a foreign currency) in value.
In order for joint accounts to qualify for Accredited Investor status, they have to meet the following 2 criteria:
1. At least 1 joint account holder must qualify as an Accredited Investor and have opted in for the status.
2. All other joint account holders who do not qualify for Accredited Investor status on an individual capacity must opt in for Accredited Investor status for the joint account If any of the joint account holders has not opted in for Accredited Investor status, the joint account will be designated as a retail joint account. Consequently, none of the joint account holders will be able to transact through that joint account as Accredited Investors.
Similarly, if any of the joint account holders opts out of Accredited Investor status, the joint account will be re-designated as a retail joint account. None of the joint account holders will then be able to transact through that joint account as Accredited Investors.
