Wholesale investors (also known as sophisticated or 708) can access investments not available to retail investors, such as secondary placements in ASX-listed companies, pre-IPOs and other capital raisings.

A wholesale investor is defined by the Corporations Act 2001 (Cth) as a person or entity that has obtained a qualified accountant’s certificate stating that they have either/or:

• Net assets of $2.5 million
• Gross income of $250,000 for each of the last two financial years