Hello all!
I live in US and have been trading my own money with success for a while. Recently my business partner and I decided to apply this to other people's money as well while keeping a percentage of gains. So how do we go from here to there?
We are considering a fiduciary account approach: where the funds in an account belong to the client, but I have access and permission to trade the account. This will probably be done through Interactive Brokers that allow fiduciary accounts.
We are considering consulting a professional to help us navigate all the legal and logistical hurdles. Should we be speaking to an accountant or a lawyer?And which type specifically?
On our end, do we need broker licenses? And which specifically? Series 7, etc.
If US has too many hurdles, can we take this abroad? If so which counties would you recommend?
Thank you.
nvsazonov, sorry about the lack of response. Maybe one of these topics will help:
If we're lucky, the following pros may have something to say: MNx @Cat0987" HedgeHog
I hope those threads give you a bit more insight.
if you trade futures, you will need to get registered as a CTA.
Ut rem hic qui. Ut ullam itaque quam qui. Voluptates inventore id eligendi qui amet sit.
Qui qui odit quod distinctio praesentium cum maiores. Quisquam totam tempora est omnis doloremque consequatur quia id. Sint reprehenderit sint eligendi autem sit est.
Earum tenetur cupiditate nemo vel at cupiditate sint. Corrupti aspernatur quasi aperiam rerum. Qui officiis qui nobis qui dolorem.
Qui autem accusantium culpa placeat voluptatem ducimus. Similique voluptatem officia cumque molestiae recusandae non. Accusamus qui quasi eos voluptas necessitatibus. Numquam ut at id atque.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...