When a broker is raising money like this its sometimes said to be “running the book”, and basically, if you are a HNW client of the broker, you get a call inviting you to participate. Its generally not in $2000 parcels.
$25 k, $50 k ,,,,sometimes even $100 k, wouldnt be uncommon for the client to contribute.
Fyi, the HNW client, is also classified as a “sophisticated investor” which is an official term. For that , you need to meet specific measures of nett worth, or earnings.
Hope that helps
When a broker is raising money like this its sometimes said to...
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