I have potentially found a group of bond salesman that have their own firm and are interesting in backing me to leave my current firm and start a CTA as an offshoot of their current holding company. They would basically pay for my operational costs as well as a generous draw for a year or two so that I can live day to day without depending on trading profits. I'm looking for input on several fronts: 1) If I register as a CTA and these guys are helping me raise money I'm assuming they must take the Series 3 and be AP's of the CTA. Is that correct and are there any other stipulations I'm not considering? 2) I see this as a great potential marriage b/c these people are selling bonds all over the country to high net worth individuals. Therefore, this can simply be another product which they can sell as a diversification tool. This allows me to build a strong individual customer base without the many headaches of the institutional client. Are there any restrictions that would apply to this type of setup that I may not be considering? 3) What type of fee arrangement is appropriate for all parties involved? The accounts will be charged 1-3% and 20% or so. I'm curious what the going rate is for money raisers and what would seem logical to pay the company that is backing my operation? I need to make sure that this is worth it for me as well as the backers. Also, is it too much of a conflict of interest to add an extra $5-10 per round turn to the commission that could act as payment to the money raiser or to the company backing me or both? 4) Does this idea make sense and seem logical to people other than myself? Thanks for help with these questions and any other points you may think of.