Often investors choose to hold their stocks in a revocable trust, family trust, or living trust. These trusts may participate in an exchange fund if they meet one of the two accreditation requirements for a trust. Either:
For any revocable trust, all the grantors of the trust meet the accredited investor definition – either $1 million in assets (excluding primary residence) or $200K/year in earnings for individuals ($300k for couples)
OR For revocable or irrevocable trusts, the trust holds at least $5 million in assets
If you’re unsure whether you or your trust qualifies to participate in an exchange fund, ask a financial professional – or tell us about your situation, and our team can help explain any requirements.