facebookIs it legal to manage money for other people (e.g. family members) in investments? - Seedly

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Anonymous

16 Feb 2021

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SeedlyAMA

Is it legal to manage money for other people (e.g. family members) in investments?

Or pooling money for investments? How about with written consent? What are some ways to do so legally?

AMA SingaporeLegalAdvice.com

Discussion (1)

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Wz

16 Feb 2021

Slaving at Public Sector

I believe legally you need to have a license to be mangaing other people's investment, especially if you are charging for your service.

However, if you are just doing in a very small scale with your close loved ones foc, I doubt you will really get into trouble.

For pooling money for investments, unless you are using a shared account to fund for investment I wont recommend it - always sensitive when you suddenly get a windfall or experience a huge loss.

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