Check your state's requirements. In my state 5 clients is the cutoff. 0 -25 Million register with State 25-30. It's your choice 30 and above SEC
Note that if you are trading futures, there are likely separate regulations. Consult the NFA website for details.
I am a master advisor using IB's Friends & Family account. I have been trading a few accounts belonging to family without taking a share of their profits. Now two friends would also like me to manage their funds. I would like to change each account to give me 20% of all gains. I know I can easily elect to do that on the IB site but would I need to register with the state? I am talking about 5-6 sub accounts and no more than 10 million total under my management. And if I incorporate, would I need to file with the state or SEC? I am sure there are others here that manage money for others. How are you set up? Licences? Registrations? Anyone doing this thru IB?
Hi, I am looking for a trader partner who has successfully managed account with good track record. Private or institution, please feel free to contact my email. I recommend myself to be an agent to market your managed account service. My approach would be off-line marketing. Just make sure that you have enough proven record on real live account, real money. You may send me email directly to assetnocsaille@yahoo.com Regards,