Whenever these rules become law, innovation in Ontario takes a big step forward because equity crowdfunding fills a gap in venture capital funding that’s currently underserved.
“This is augmenting and complimenting [crowdfunding in a client’s portfolio], that’s the message you need to get out… Who isn’t interested in tagging the next latest and greatest up-and-comer…? If it’s a great company and team, you’re going to want to get in on that.”
With the maximum proposed investment cap per investor per deal in Ontario set at $2,500 with a maximum of $10,000 for a rolling 12-month period for all equity crowdfunding issuers, the average high-net-worth client isn’t going to be overweight by any means.
As Asano reminds WP, it’s another arrow in an advisor’s quiver.
That’s a good thing.