ValuePadawan

Ya I have an appointment with a lawyer relatively soon thanks for the info I'll be sure to ask about all this with them and make sure I stay well within the legal lines. I appreciate it so much!

This seems like an awful lot to do just to manage a majority portion of one close family member's capital. Would a more informal arrangement of me managing their brokerage account and then calculating any fees once a year be a better alternative? Would them wiring me fees at the end of the year cause me tax issues?

You also get 6.27% of Equity Group Holdings which operates in eastern and central Africa and 79.5% of BancABC Botswana. Just following demographic trends you get the mental models of population growth, plus increased banking penetration as a lower % of people have bank accounts than most developing countries, plus gdp per capita growth. If they can have competent sober management through Fairfax Africa they should be able to ride that wave for 50 years.

Hello COBF fund experts I'm looking for a little advice as it's difficult to find the pertinent information online I thought you would be the best resource. First of all I wish to set up a fund or structure where I manage money using the 0/6/25 fee structure. I'm in my 20's located in Ontario, Canada. I have a family member who is independently wealthy and wants me to manage their money, I would of course put in all my investment capital. I've heard a limited partnership is advantageous for tax purposes as the income flows through to the respective partners. Am I misinformed? Are other structures more advantageous. I've also heard it can be difficult setting up a fund in Ontario without extensive employment experience in the sector which I lack. If there are any pitfalls or mistakes that I may want to avoid? In my current financial position I can wait years for management fees to start coming in I am not strapped for cash (no wife and kids). Would I be better off with a more informal arrangement to avoid all the regulatory fees? How much does it cost at bare minimum to keep up with regulatory costs in Ontario annually (ballpark) Any other comments concerns or advice is greatly appreciated.