What is the best way to start your own personal asset management company?

What is the best way to start your own personal asset management company?

I am considering starting an “asset management company”, most likely under a LLC status. But I want it to be my own assets. I would like to purchase (for rent) small homes, condos and/or townhouses and then eventually diversify the portfolio to mutual funds, stocks, bonds, franchises, etc. Adding my own money and any profits from the rentals. Is it a good idea to put it under an LLC? Would this even be considered an asset management company? An advice or tips is appreciated.

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1 Comment for What is the best way to start your own personal asset management company?

  • 1. jwishz  |  November 13th, 2010 at 7:53 am

    Best thing is to put each property in a separate llc
    You can do this yourself through the secretary of state or corporation commission in your state
    That way if there is a problem with one it won’t hurt the others

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