Thinking of Starting a Money Management Firm?
Monday, September 28th, 2009 at
1:23 am
Comments (3)
peter p asked:
ive had good success over the past 5 years trading my own personal account in equities, bonds, currencies and commodities (average return of 30% per year….including last year, when i was up 40%). a couple fo friends of mine have expressed interest in giving me a portion of their money to manage/trade for them, in return i will keep 10% of the profits.
ive had good success over the past 5 years trading my own personal account in equities, bonds, currencies and commodities (average return of 30% per year….including last year, when i was up 40%). a couple fo friends of mine have expressed interest in giving me a portion of their money to manage/trade for them, in return i will keep 10% of the profits.
what kind of firm do i set up to legally do this? i want this to be completely legit and not some sort of BS madoff firm. what kind of licenses, if any, do i require (i used to have a series 7 and 63, but theyve expired now).
many thanks
