Los Angeles, CA asked in Banking, Business Formation, Securities Law and Stockbroker Fraud for California

Q: Can I manage other people's money (money manager or portfolio manager) with only my series 65 license in California?

1 Lawyer Answer
Steve A. Buchwalter
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Answered
  • Business Law Lawyer
  • Encino, CA
  • Licensed in California

A: Anyone can allow you to manage their money. There are no requirements for you to do so. Having a business of, or charging for, managing someone else's money can a different story and is more complicated.

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