What software or company do I use to invest my clients money? if i just started my own investment firm? and Foreign Investment

What software or company do I use to invest my clients money? if i just started my own investment firm?

I just opened up my own investment company. I've made it an LLC, my partner has a bachelors in finance and accounting, and a MBA. We need to know what kind of software or what company (Ameritrade ect..) we should use to invest our clients money. What procedures do we have to do to take control of their assests?


Investment best answer:

Answer by MVD34
Are you sure you know what you are doing? Do you have all the proper registrations for the state in which you operate? Are you licensed? You can get yourself in a lot of hot water if you don't know what you are doing.

The short answer to your actual question is to look up info on becoming a CFP. That should lead you down a long road that includes all kinds of products, services, and organizations for the independent financial advisor community.

The big platform providers for the little guys (although they don't just provide services for small operations) are: Schwab Institutional (as in Charles), Pershing Advisor
Solutions (BNY/Mellon), United Planners, Cadaret Grant, plus a few others. Brace yourself. Its not like setting up a trading account for your grandmother.

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