In 1594, Shakespeare returned to the theater and became a charter member of the Lord Chamberlain's Men - a group of actors who changed their name to the King's Men when James I ascended the throne. By 1598, Shakespeare had been appointed the "principal comedian" for the troupe; by 1603, he was "principal tragedian." He remained associated with the organization until his death. Although acting and playwriting were not considered noble professions at the time, successful and prosperous actors were relatively well respected. Shakespeare’s success left him with a fair amount of money, which he invested in Stratford real estate. In 1597, he purchased the second largest house in Stratford - the New Place - for his parents. In 1596, Shakespeare applied for a coat of arms for his family, in effect making himself a gentleman. Consequently, his daughters made “good matches,” and married wealthy men.