Great episode and knowledge. Question: I currently raise capital as general partner or fund manager for alternative investments like real estate syndications through PPMs. Majority of my compensation is based on the back end when we sell the property and we split profit after investors profit meet a certain threshold(Essentially performance fe. I was also thinking about taking exam 65 to become an accredited investor. If I don't practice under a RIA but still have license 65, can I still raise capital for alternative investments like syndications and get a performance based fee or compensation? I understand this may be a legal question. If you or anyone you know can answer, please let me know.
Thank you for commenting. You'd need to lean on the legal experts on this. That said, I have seen individuals consider trying to start an RIA solely to become an accredited investor. I don't know what success they've had with that, but my guess is the regulators do not want to see an RIA being created solely for that reason.
