Using the fca umbrella really helped get me started on my career as a money manager. Investment management is not an easy career to undertake on your own. Most work for large firms because they’re protected by the business and it is easier to work for someone else who has a network of connections to help you make money. I used to work for a large firm, but wanted to strike out on my own for a host of reasons, not the least of which was to spend more time at home with my family. One hundred hour work weeks wasn’t working for me anymore.
But to strike out on your own is fraught with peril. You need customers, but you also need a platform with which to make the money. Moreover, you also need to navigate a number of regulatory hurdles that can take months of work and cost a lot of money. I didn’t have the luxury of taking off six months to a year to work my way through this process in order to start helping my customers. With the fca umbrella, I didn’t need to wait. They have a team and an organization that can help you hit the ground running.
It took all of about three weeks to get all the building blocks in place. I didn’t have to worry about having a staff or legal team in place either as they took care of all of that for me. Having gone through this process, and going through it quite smoothly, I can’t believe more money managers aren’t striking out on their own. There is little downside to starting up your own investment firm, especially with the tools provided here. Get out of the rat race at the bigger firms and start up your own company and get to work! Your customers will thank you!