Happy Christmas eveyone,
I'm considering setting up a 'managed account' for myself through a limited company. I would then get the limited company GIPS verified to establish a track record. Despite lots of reasearch the practicalities of setting up and runnign an investment account management company seem unclear to me. Please could you help me with the following questions?:
1) Does this simply involve me setting up a limited company, and then working for the investment management company as a director/employee to invest my personally owned share portfolio? (i would be the only client to begin with)
2) Would the share portfolio be owned directly by the client (myself) rather than by the invesment company?
3) If I have to pay personal income taxes, capital gains taxes on my investments would this affect the recorded investment perfomance of the investment company? i.e. am I right in assuming there is no need for me to setup offshore vehicles to maximise the company's investment performance track record?
4) Can I do this without being regulated (I live in the United Kingdom)? If not how time consuming/expensive is regulation and how do you go about it? - this is a big worry because if I fall foul of the regulators I expect this goes on the public record and my reputation is permanently shot?
5) the costs of going the 'managed account' route? Is it simply the cost of registering a limited company and filing the annual accounts? With myself as the only client obviously admin work would be negligible.
6) Is it realistic for me to aim to start trading before the beginning of 2009? (I'd love to have a full calender year under my belt in a year's time).
Many many thanks for your help and have a great Christmas!
Kind Regards,
Stubarny
I'm considering setting up a 'managed account' for myself through a limited company. I would then get the limited company GIPS verified to establish a track record. Despite lots of reasearch the practicalities of setting up and runnign an investment account management company seem unclear to me. Please could you help me with the following questions?:
1) Does this simply involve me setting up a limited company, and then working for the investment management company as a director/employee to invest my personally owned share portfolio? (i would be the only client to begin with)
2) Would the share portfolio be owned directly by the client (myself) rather than by the invesment company?
3) If I have to pay personal income taxes, capital gains taxes on my investments would this affect the recorded investment perfomance of the investment company? i.e. am I right in assuming there is no need for me to setup offshore vehicles to maximise the company's investment performance track record?
4) Can I do this without being regulated (I live in the United Kingdom)? If not how time consuming/expensive is regulation and how do you go about it? - this is a big worry because if I fall foul of the regulators I expect this goes on the public record and my reputation is permanently shot?
5) the costs of going the 'managed account' route? Is it simply the cost of registering a limited company and filing the annual accounts? With myself as the only client obviously admin work would be negligible.
6) Is it realistic for me to aim to start trading before the beginning of 2009? (I'd love to have a full calender year under my belt in a year's time).
Many many thanks for your help and have a great Christmas!
Kind Regards,
Stubarny
