Can someone invest on my behalf?
You cannot trade securities for others without becoming licensed as an investment professional. Investment professionals must be registered with the Securities and Exchange Commission or have a federal license. Of course, if you’re willing to jump through the necessary licensing hoops, it’s definitely possible.
How do I find an investment professional?
A good place to start when shopping for an investment professional is to ask friends, family and colleagues who already invest for the names of people they’ve used.
How do I buy stock on behalf of someone else?
You can purchase a single stock certificate as a gift using a company such as OneShare or GiveAShare. Select the stock, provide the name and address of your recipient and then pay for the stock. If the recipient is a minor, provide the name and address of the minor’s custodian.
How do I find someone’s U4?
Firms can access their pending U4 filings through the Site Map or the Forms tab. Enter the individual’s CRD Number or SSN and click Search. NOTE: To view filings that were created by you, select Filings initiated by current user only. Click the Filing ID hyperlink to continue working on the filing.
Who are investment professionals who are paid to manage other people’s money?
Institutional investors are investment professionals who are paid to manage other people’s money. Most of these professional money managers work for financial institutions, such as banks, mutual funds, insurance companies, and pension funds.
How much does it cost to have someone do stocks for you?
If the investor uses an online broker, the price will be $2,000. If a full-service broker is used, there will be a fee of 2\% of the total trade value, with a minimum commission of $50. The total price of the shares alone is $20 * 100, or $2,000. The commission is $2,000 * 2\%, or $40.