How do I start my track of record?

Hi,

My friends and I (MBA students) are thinking about to do an investment company or HF in the future. We would like to start a track of record first. We only have few thousands to start with and only plan to invest with our own money for one or two years first.... Here are my questions:

What kind of business entity should we form? Do we need to report to SEC? Do we need lawyers and accountants? How much AUM is enough to consider track of record? Any other tips? Whats the best way to start with our condition?

I am also thinking about starting an investment club instead of a company since its easier, no SEC reporting required. However.... Can I convert this club to investment company / HF in the future with the track records?

Thanks

1 Comments
 

Consequatur sit animi a earum similique quas deleniti. Porro quis consectetur repellendus in veniam.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.3%
  • JPMorgan No 97.7%
  • Goldman Sachs 02 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”