How much capital do you have, depending on what you are going to do and how you're goiung to do it you will need any where from $50,000 to $5,000,000.
Put togeher a business plan, don't worry about what licenses you need get some direction as to what you want to be, there are people out here who can help
Depending on what type of firm you intend to have will also determine on how much capital you will need, how much services you will have to have; how much staffing you will need and what licenses you will need.
How is your firm going to be structured, sole proprietorship, coporation or partnership
What type of business are you going to be doing and with whom are you going to do business (types of customers) and what markets will you be active in
How are going to enter your transactions and what markets will you be using and more importantly how are you going to clear those transactions
Looking over some of the response you've received most of the people are as confused as you are
Yes there is a pathe from here to there - you just have to know where you want to end up at. In the US there is no such thing as a "investment brokerage" license and yuou don't need years of internship to qualify for the proper licnese you may need
Not all states have deparmtments that can help you, in fact very few states can help you put together a brokerage firm. And you don't need $3,000,000 and the small business agencies can not and do not help you for anything in the securities industry
In my 45 years in this industry I have established over 25 broker/dealers, and investment companies, mostly for others and only two for myself. Take my word for it, in order to provide you with more definitive respones you must provide more information
I agree totally with "A Nobody" you're not ready to start your own investment firm
What type of FIRM do you want to have there are special answer for each,
What type of products are you going to deal in and what type of customers do you want to have
Learn about the various markets and how they operate before you try to jumnp into starting and investment firm alsoi learn what is a an investment firm
Not possible for someone who asks on Yahoo like this. There is not a path between here and there because the govt doesn't want to clean up messes from morons who think this is a good idea and go onto Yahoo to ask advice. If you worked for SEC or other regulatory organization would you want to clean up this mess?
I think I would get aligned with an investment company franchise such as Prudential or American Funds, for example. Otherwise, you will be rejected as a fake by saavy investors who are familiar with all the fake-types that are all over the place.
You will need an investment brokerage license which normally requires a few years of internship/ on the floor experience as well as an SEC clearance.
Get a job with an investment firm, for 10 years. and learn all you can.
In all State Capitals, there is an Office to explain, assist and to clarify the doubts of new Entrepreneurs.You may contact them.
This is a huge step. Might sound easy on paper. You could be sued if things go wrong. I wouldn't do it. Huge liability.
You will need some cash (at minimum $3,000,000-$5,000,000), and these instructions;
http://smallbusiness.chron.com/start-own...
If you need to ask here, you might as well forget it.
Ok..I don't want the whole: "it's going to be hard, get a degree...blah blah" I know that. I'm talking actual specifics. Like certain licenses, certain divisions in my firm I need to cover, such as tech and should I utilize online investing or just in person/phone. Give me all the specifics.
