Retail Investor - an individual who purchases securities for his or her own personal account rather than for an organization.

Wholesale / Accredited or Sophisticated investor - an investor with a special status under financial regulation laws. The definition of an accredited investor (if any), and the consequences of being classified as such, vary between countries. Generally, accredited investors include high-net-worth individuals, banks, financial institutions and other large corporations, who have access to complex and higher-risk investments such as venture capital, hedge funds and angel investments.

Professional Investor / Fund Manager (Australia) - Hold an Australian Financial Services License (AFSL); or Have or control gross assets of at least $10m or more