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?What software or company do I use to invest my clients money? if i just started my own investment firm?Judging by the wording of your questions, I think you should step back and get your act together.



You can not have an investment firm unless you are registered with the SEC and the various states you will be doing business (including your state of domicile).



Part of starting an Investment Company, or any other entity, is to have a sound business plan in place, it appears you do not,



Holding degrees is nice but it does not help you in the real world, there's no way you can start a company with out having an accounting package in place



There's no way you can be fully registered without having a clearing firm(s) in place. Also if you were really registered you would have to have supervisory procedures in place before being approved for registration.

And, do not expect to "take control" of your customer's assets - Leavenworth is not a very nice place.



Setting up a registered investment company can be costly, especially since you do not understand the very basic business requirements,

Normally consultants that set up B/Ds would charge you at least $200/hour, and to do the clearing and account set-up your looking at least $300.hour

(Been there, charge that)



Contact the SEC and get, at least the basic requirements, you shouldn't count on getting direct help here on YA.What software or company do I use to invest my clients money? if i just started my own investment firm?When you are asking a question like that, how do you think a potential customer will feel investing his money. I suspect you you'll close your doors before you find your first customer.



Getting investors money will be the hardest thing to do and that usually requires a reputation and the next hardest thing will be to outperform the market after your expenses. If you can't do both, no one will give you money to invest.



Do you have all your business licences? Did you register with the SEC? Have you contacted an external auditor to audit your firm annually? Any sizeable investor would not deal with you unless you did.What software or company do I use to invest my clients money? if i just started my own investment firm?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.