I am currently going to be trading for other clients in their own name through a Family and Advisors Account on Interactive Brokers. The account will be opened up in my name and the sub accounts will be in the name of the Clients/corporate entity (so can trade margin).
Now on ASIC they mention you generally need an AFS licence if you deal in a financial product for example, buying or selling shares on behalf of a client or issuing interests in a managed investment scheme.
Now if i am trading my signals and shares through the clients name and account is this OK and no need for an AFS licence?
Is there anyone else here who does this and has any advise for me ? much appreciated Thanks