I have been managing money for two UHNW investors for one year now using online brokerages. They approached me a year ago about this and entrusted me with $150,000 â with the promise of more if I turned out to know what I was doing. I know that at least one of these investors had hoped I would be more of a âswing for the fencesâ money manager, but I kept things pretty conservative and made 10% while the S&P 500 lost 10% in the same time period. I wonât go into my investing and trading strategies, but it was 100% long equities for the year. I just went the TDAmeritrade/Etrade/Scottrade route to keep things simple, and Iâd like to keep things that way. But I need to know that Iâm doing things the proper way - and I am hoping that at least a few of you could help me with this. The way the accounts were set up online was just as brokerage accounts in each investorâs name. I was then paid a performance fee on any return I generated for them above the S&P 500. The 10% gain over the past year would have been closer to 17% without factoring in commissions and performance fees. In the past week, however, I have been contacted by another potential investor. I feel like I need a more organized structure in place for all of this. Any thoughts?