Question for those who operate Investment Funds or Investment Clubs

[Shawn]

I am going to create an investment company. So far I have mostly family members both in Canada and the U.S. who have pledged to allow me to manage their funds. I am planning to fully launch sometime in March of 2013 or Q2 of 2013. I have a few questions though:

 

What types of trading platforms can any of you recommend ?

 

Are their any rules or regulations in regards to Canadian advisors managing funds for U.S. citizens ?

 

Why do some people (Canadians) create U.S. corporations/LLCs and then open Canadian subsidiaries ?

 

 

I would greatly appreciate if somebody could answer some (of not all) of my questions.

 

Thanks in Advance !

[ageofsocrates]

Hi,

 

I'm no expert. You can try emailing this guy. He runs a blog on hedge funds. Alternatively, the FAQ is pretty comprehensive and gives some ideas on how to go about this...

 

http://richard-wilson.blogspot.com

 

Cheers

[berkshiremystery]

To my knowledge Interactive Brokers offers some accounts for advisors.

 

http://www.interactivebrokers.com/en/accounts/advisors/advisorsMain.php

 

and also for some smaller family groups.

 

http://www.interactivebrokers.com/en/p.php?f=friendsFamilyAccounts

 

 

[Shawn]

Thanks guys !! I really appreciate the help !!!

[ageofsocrates]

generally speaking, its probably easier to start a partnership in the states. I think IB has a platform that allows one to place trades simultaneously on multiple accounts. Saves execution costs and easier to manage.

[Shawn]

generally speaking, its probably easier to start a partnership in the states. I think IB has a platform that allows one to place trades simultaneously on multiple accounts. Saves execution costs and easier to manage.

 

From my research, there are a large majority of Canadians who do this. But what I can't figure out is why ? Why is it easier to start a partnership in the States ??

[Palantir]

Good luck bro. Keep us posted on how your results turn out. :) Also if you dont mind....you should post your ideas too...