I have been trading for over 2 years, have a great system and wanted to open up an LLC and start working on managed accounts, most of my system is based of currency and commodities futures. I have a series 3 and am working on a 65. I was wondering if I should become a Registered investment advisor, if I have to or if its worth it.
thanks
Contact brokerage/clearing firms until you get your question answered for your benefit, not that of the consulting attorney or accountant. Their knowledge won't do you any good unless you can find a firm that understands the nuances of the different types of discretionary accounts. Go that route first before looking for "experts".
