Not sure where this question fits in the forums, but Investing Resources looks like a good start.
I'm thinking of helping a relative a fair sum of money that is sitting in the bank earning a rate of 1-2% p.a. in a TD (obviously not australia). Plan is to take a small cut of profits above a specific benchmark (e.g. 20% of all profits above 15% return on capital).
Benefit for me is that I get to trade using a larger capital base - Benefit for them is that their money works harder (ideally) and they don't have to do it themself (no interest in investing).
I'll be putting in my own capital as well (i.e. 20% or more of the "fund" will be my capital)
If I do set it up, it will probably be trading using a company/trust structure - no different from how I do my own trading.
Is anyone aware of any ASIC requirements/licensing issue before I can "manage" other people's money?