DislikedThe initial idea was to split profits 50/50 with clients aside from what they invested. We take over the account for 90 days, continue to pay a monthly percentage after the initial 90 days.
For the record, I am not soliciting for service, just trying to find out more info on the legal way to go about this.Ignored
the LLP is the cheapest way to go without raising alarms.
its best not to try reinvent the wheel. you have zero credentials, you didn't graduate from a top ivy league, you dont have quants under your house. the best you can offer is a small incentive fee (i wouldn't dare charge admin fee) such as 30% of the profits. lol no one is going to put up with you taking 50% of the profit unless you are SAC capital.
also you would need to provide some track records (at least a year) to prove that you are profitable.
stay transparent, simple and most of all dont try reinvent the wheel.