Question 1

What are Accredited Investor verifications?

Accepted Answer

For 506(c) offerings, the SEC requires investors to prove they meet Accredited Investor criteria. This typically involves reviewing financial documents, tax filings, or certifications. Eleven automates this process with an integrated, third-party verification partner, ensuring compliance and a smooth investor experience.

Question 2

Do I need to verify the wealth of all my investors?

Accepted Answer

Yes, for Rule 506(c) offerings, managers must take “reasonable steps” to verify Accredited Investor status. Self-certification (i.e., an investor checking a box) is not sufficient. Independent verification through an approved provider ensures compliance and shifts liability away from your firm.

Question 3

What does Safe Harbor mean for my fund?

Accepted Answer

Safe Harbor is the SEC’s standard that protects issuers who rely on a qualified third-party to perform verifications. By using Eleven’s integrated verification partner, your firm benefits from Safe Harbor, moving liability from your team to the provider.

Question 4

How long does the verification process take?

Accepted Answer

Most verifications are completed in under 24 hours, with many finalized in just a few hours. Investors receive a seamless, guided workflow, and you can track status in real time from your Eleven dashboard.

Question 5

What documents do investors need to provide?

Accepted Answer

Investors may submit income documentation (e.g., tax returns, W-2s), asset statements (e.g., brokerage or bank), or third-party certifications (e.g., from CPAs, attorneys, or brokers). Eleven and its partners guide investors step by step to ensure compliance while reducing friction.

Question 6

I already have a contract with Parallel Markets, can I roll over my credits to Eleven?

Accepted Answer

Yes. iCapital / Parallel Markets may be able to apply your remaining credits to Eleven. In many cases, we can also migrate existing verification records into your Eleven environment. Speak with your Eleven representative to get started.

Question 7

How much does it cost?

Accepted Answer

Each verification is $100 on a pay-as-you-go basis. There are no upfront commitments, no minimums, and no ongoing platform fees. This keeps costs transparent and scalable with your fundraising activity.

Question 8

How does this integrate with investor onboarding?

Accepted Answer

Unlike standalone tools, investors complete their verification as part of their digital subscription or onboarding flow in Eleven. Verification letters are automatically included with the subscription package, KYC documentation, and investor records—no extra steps required.

506c Accredited Investor Verifications

Integrated Accredited Investor and wealth verifications

The easiest way to meet 506(c) verification requirements

Investment managers offering 506c funds are required to verify that each investor is an Accredited Investor. Eleven makes the process faster, easier and compliant for everyone.

Best in class provider

Easiest investor experience

Regulatory compliance and shifted liability

Real-time transparency over every step

Skip the upfront commitments

Seamlessly integrated into the subscription workflow

No need to send investors to another place or have them upload information twice.

Initiate seamlessly in-portal

Collect supporting documents automatically

Independent compliance review

Shift liability to experts

Get results in hours

Final verification letter included in your subscription package

$100 / verification

You have questions, we have answers.

Verify investors, while they invest.

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