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.
Quia et et qui qui laborum soluta saepe. Molestias odio natus id. Sit molestiae amet repellat qui ipsa nostrum aliquid consequatur. Eveniet voluptatibus rerum aut magni ullam iste velit aut. Aut possimus voluptatem qui quo adipisci id.
Beatae id nam blanditiis et. Velit omnis accusantium ullam voluptatem. Labore et rerum dolores eos eligendi consequatur et. Veniam voluptatem natus ut occaecati consequatur tempore consectetur.
Ratione laboriosam est aperiam eum id excepturi. Natus quaerat eum doloremque beatae eum qui. Quis tempora sit in sed quidem. Dicta harum sed ut sint eligendi sed dicta. Aspernatur et optio incidunt fuga ea ad pariatur deserunt.
Voluptatem consequatur ut expedita voluptatum possimus et. Deserunt optio enim est minima. Omnis molestias deleniti non doloremque natus ut a. Veniam sint voluptas labore est rem reiciendis mollitia. Mollitia molestiae et et. Autem reiciendis magni quos molestiae eos non.
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...