How do you handle RICH people’s investments i.e. money manager?

gay-pianist: How do you handle RICH people’s investments i.e. money manager?
Pretend I have the ability to be a very good investor and get great returns and have the stats to prove this. What legal things do I need to go through and how would I go about gathering clients to handle rich people’s money? Would I need a business license? Details on this subject would be greatly appreciated.

Answers and Views:

Answer by Vicky
You dont need a business licese. You can give advise and charge for that. You can also open a Capital or Asset Management company and you can get clients depening on your marketing/sales. Thats the best way to go about it.

Or join some asset management company they will do all the advise and you can get a chance to earn and prove yourself.

Answer by nico
I think the best way is to look for the best possible returns through careful stock analysis. This can be done by looking at the potential company’s books of accounts and determining the dividend policy, the gearing level ( whether the company has many creditors is a bad sign that it is a bad company), The nature of business ( its imperative that you understand what the company does).
Your boss would be highly impressed and in addition to the commision you charge he could chip some of the profits for you.