Remote Prop Trading Firms that Aren't Dog Shit?
I've been a lurker on the forum for a while, but this is my first post. I have really enjoyed all the insight from this diverse group of financial professionals and look forward to your feedback on my question. I am posting because I'm curious about what my options might be for pivoting from being a Financial Advisor to . This post will be a bit lengthy to give relevant context.
My background: I went to a Top 10 Liberal Arts College. I have a 3.0, but the school is notoriously rigorous. Many of my friends went directly into big 5 consulting and IB straight out of school. I have my and plan on getting my by next August, primarily so I can perform DD my own Alternatives portfolio. I am also considering getting an MSF and like my chances of getting into a tier 2 (most interested in Georgetown).This would partially be to build skills and knowledge to augment my trading capabilities, partially because I just really enjoy learning. I raced bikes professionally after college before I started as a Financial Advisor at one of the massive discount brokers. I quickly became a top performer and have built a so compensation isn't the top priority.
I could live off my current investment portfolio, but that would be boring, isolating, and I wouldn't be saving much. My top priority isn't earning a ridiculous amount; it's having a community of brilliant people to talk markets with, making more on my own trading without having to use leverage (way too expensive right now), and work life balance. I'd prefer a meritocracy where I can work remotely, have unlimited PTO, and for my worth to be judged solely be judged on my returns. Decent training and the opportunity to learn how to be a better trader are important I don't necessarily need a salary. I'm perfectly fine making 50k in year one assuming 20% return on my portfolio in return for remote and unlimited PTO. I would be thrilled to be able to make a few hundred grand after a few years of making 20-30%.
I guess my biggest question is does this even exist? It seems like it's either go all-in with a top or second tier firm working in an office full time, or join a shitty little cash-grab firm where I won't find that community of intelligent people for pre and post-market briefings, spit-balling trading ideas, finance talk etc. Or maybe there is some other sort of investment or trading house that would meet my needs that doesn't fit the definition of fund?
Oh, and as it pertains to my strategy: Longer term holds on index LEAPs, index credit spreads (1-2 day holds), -based hedges for the spreads, high quality bond ladders as income producing, marginable collateral for my short spreads. I use back-testing and probability based on IV to make trading decisions. I don't have a super long history trading the strategy. Just 1.3 alpha over the past 3 years because I prior to this year, but I can articulate a basic rationale behind the different pieces of the strategy. I don't have super in-depth technical quant knowledge and no coding skills but I can engage in quite in-depth conversations on the markets, the macro outlook, potential implications of political, policy, and international affairs developments (aka, I read WSJ and , Market, Political and Global affairs cover to cover every day). My thought is CAIA and MSF from Georgetown with help with the technical, more quant-focused expertise.
Any insight would be most appreciated.