The adviser needs to know that you’re acting on someone else’s behalf.
- Can I invest money on behalf of someone else?
- Is it legal to invest in someone else’s name?
- How can I legally invest in other people’s money?
- Can you give your money to someone to invest for you?
- Can I trade on behalf of my mother?
- Can you invest for family members?
- Can I trade stocks on someone elses account?
- Can you invest in a person?
- Can you pay for someone to invest in stocks?
- Can I invest for my child?
- Can a POA invest money?
- Can you pay someone to trade stocks for you?
Can I invest money on behalf of someone else?
Is it legal for you to invest other people’s money? If you’re going to invest other people’s money, you need the proper licenses. You may have to register with the SEC.
Is it legal to invest in someone else’s name?
It’s not possible to trade stock for someone else. Unless you’re an investment professional, that is not legal. There are many legal requirements to manage money.
How can I legally invest in other people’s money?
If you want to trade securities for others, you have to be licensed as an investment professional. Investment professionals need to be registered with the SEC.
Can you give your money to someone to invest for you?
If you don’t have a lot of money, a firm may decline to take you as a client. Fidelity and Vanguard are investment firms that charge lower fees. They can help you come up with a plan for your finances.
Can I trade on behalf of my mother?
You can open an account with her name on it. It’s not possible to link your bank account to her trading account. Transferring funds from your mother’s bank to her trading/demat would be the first thing you’d have to do.
Can you invest for family members?
It’s a great compromise to join or start an investment club for your family and friends. You don’t have to act as an investment advisor when investing with your loved ones.
Can I trade stocks on someone elses account?
It is possible to give someone you trust the authority to make decisions and trade on your behalf.
Can you invest in a person?
In a human capital contract, an individual raises money from investors in order to get equity in herself. It’s a bit unnerving. It sounds like it could be either a modern version of indentured servitude or an early version of a future in which everyone is valued in dollars.
Can you pay for someone to invest in stocks?
If you want to buy stocks, you need the help of a broker who is licensed to do so.
Can I invest for my child?
To start investing in stocks on their own, your child must be at least 18 years old and have a broker account. They can start earlier if they have a parent or guardian open a custodial account.
Can a POA invest money?
A POA is part of that group. You can give someone authorized trading privileges, or provide discretionary authority in the account, which allows the investment of your money without consulting you about the price, amount or type of security, or the timing of the trades.
Can you pay someone to trade stocks for you?
Paying someone else to trade stocks is one of the easiest ways to do it. You should be able to find a stock broker who can place trades for you and give you advice, even if they aren’t well known.