Business/legal structure for separately managed accounts

Discussion in 'Professional Trading' started by curiousGeorge8, Sep 19, 2015.

  1. I have often read on this website about separately managed accounts. What is the best business/legal structure for separately managed accounts?
  2. just21


    Interactive brokers friends and family account will let you trade up to 15 accounts without you accepting money and having to register as ria.
  3. rmorse

    rmorse Sponsor

    Are you based in the USA?
    Futures SMA or Equities/options SMA?
  4. rmorse

    rmorse Sponsor

    Just because IB lets you do this, does not mean in your state you don't have to register as an RIA. You still must follow state securities laws if this is a securities business. If it's future's, you still have to follow NFA/CFTC rules.
    Leo Chu likes this.
  5. Thank everyone for inputs. I am in US.
  6. rmorse

    rmorse Sponsor

    Futures or Securities? Either way, I would set up an LLC as the Manager. Then you have to decide if you need to register.