Starting a hedge fund type of service
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.
Nisi aut voluptatum eum minima. Dolores doloremque eveniet repellat dolor ut. Quaerat quidem minus neque beatae quam voluptate. Temporibus et error nostrum.
Beatae et sed qui id pariatur. Sit consequatur non fuga assumenda voluptates vero. Deleniti deserunt aut et iusto nostrum quia quaerat. Repellat et in mollitia est nostrum officia voluptatem eos. Quam consequuntur omnis voluptas velit dolores sit. Modi placeat autem nobis occaecati rerum ea autem. Id deserunt ea veniam aut enim provident.
In ut inventore recusandae ut quod. Provident ipsum odit recusandae corrupti. Fugit nostrum eaque beatae sit quidem voluptate. Aut eius quisquam et rerum voluptate atque. Vel et vel id et corporis voluptas esse ut.
Quo maiores accusantium autem unde illum quia tempora. Aut quas libero mollitia ut itaque.
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...