I have been a sole trader since years and decided to take on outside funds. Funds are coming out of London (UK) and wonder if any with experience use one of these FCA umbrella licence companies ( there are several ) to be regulated or choose others solutions to manage outside funds? After meeting with umbrella licence company this week I get impression in reality its paying to use their licence and involves extra paperwork and also reporting as they are NOT helpful with paperwork, or anything of value to save time, money, accounting, marketing etc. other managers here with same feeling? Then next question does it make sense team up with other in same situation and share some of these costs? thanks for inputs Fabulavie
I am interested in obtaining access to outside funds as well. Send me a private message if you can help with finding investors. If you do not have any investors yet, then paying a lot just for a legal structure does not make sense
well no don't do that. i would strongly advise you are better at breaking than law than they are and they are very very stupid people in the uk. under no cirmcumstances engage them i suggest dealing with direct trading counterparties only. they deserve less than zero of your time or respect. the less they know the better
fuck them fuck their umbrellas. what you think you spend your day making up paperwork and you think you will win.
pay zero tax. let them make any rules they want good luck finding it. id have enough bank notes in blaster seller in case the blockchain gets investigated
they are fucking bunch of cunts of course they arent helpful. they dont realise who pays for them to go and do their fucking diversity marches every weekend.
they are incentivized only to fk you up. thats their job description. they get 27k a year to fk you up. you are far too nice them if you were less nice they wouldnt bother you. they rarely investigate the head of the gulf cartel for paperwork i assure you
for example. anywhere you need to deposit money you should be automatically transferring it continously at as higher frequency as possible between accounts. they need the fking paperwork on the confos. under not circumstances should you have above zero in any deposit facility with these fucks. if you cant touch it they have it.
no funds no umbrellas no segregation. when i trade they put up the margin if they fuck it up they are paying. no assets under manangement held anywhere except with me. otherwise forget it. they make vast sums from me trading they do not also need all my money like are you for real. and also im going to win im not being bitter
you really dont need billions of anything its all a bit of a joke really ill keep them thanks and also trade as if billlions under management. i dont need to go and raise billions from a drug cartel its all good.