I really need help on this one.... what are the convincing arguments to let compliance approve your outside PA? I don't want to have to move my account into my firm, so they can charge me 5x commissions and totally bend me over.
I was thinking about describing the "unique" features of my online broker/dealer, and how acquainted I am with their investment products and research which compliment my investment style. Since their brokers and myself are very familiar with this, they are able to better assist me w/decision making...
Perhaps describing how detrimental the commission structure would be etc etc...
Any ideas? How do you convince compliance!?
Put it in your moms name or little sister or something.
The family members idea works, but I feel like that one has been done so much that it is not fooling anybody. You should find a friend who does not make a lot of money and put it in his name (with his permission of course). You have to pay the taxes and make sure that you do not earn enough on the account to push him into a higher tax bracket.
I can see this thread boiling down into a complex series of schemes.
Just sell it off. You are working all the time and dealing with all kinds of sensitive info. Stuff it into an index fund and worry about your career which will yield more YoY.
Should be easy. At my firm, all you need is to have copies of your statements sent over if you want an account outside. I think...
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