How Do I Go About Setting Up An Investment Firm?


2 Answers

Vikash Swaroop Profile
Vikash Swaroop answered
The first step you should take if you intend to set up an investment firm is to get registered yourself with the registrar of the companies and then you can set your firm. But the most important steps come after this and it is these steps that decide the further growth of your business and how to expand it also.

You should make good contacts with people who can trust you and can give you the money which you can invest in their behalf. Once they start feeling that your advice is based on sound reasoning then it is not very difficult for you to get more investment and in consequence more commission. To give sound advice to your clients you yourself should be acquainted with the know how of the business you are operating in and it is your sense of business that you have developed for yourself with a constant work of long years that can make you a good businessman or an investment guru.
Arlene Fernandes Profile
Setting up an investment firm involves a lot of background research and careful consideration. In order to go about setting up an investment firm you would need to get in touch with the local authorities to check on any licenses and clearances required. You will also want to consult a lawyer to limit your liability. There are different organisations which you might consider joining.

Keep in mind that the investment business can be thought of as a trust based business. You will need to work on consolidating your reputation and building client trust. Marketing yourself carefully is an important aspect of the business. You do not want to come off as shady since people are cautious about parting with their hard earned money.

Answer Question