How to create a Mutual Fund?

Hi - I'm very interested in creating an open-end Mutual Fund. I've been trading stocks and options for a long time, and my annual return is very consistent and high. Can anyone tell me what is needed to open a fund? And where I can go to do that?

Thank you.

Call a firm such as TD Ameritrade, Morgan Stanley, Edward Jones.

contact any reputated bank like TD or others and ask for tax deductable plan...it would be beneficial

this is much easier said than done this is something you will not be able to do yourself I would try to get an education in finance then try to get a job as a fund manager before you go it on your own.

In order to start a mutual fund First of you will need to start a company because shares of a mutual fund are just like shares of a corporation the stock holders have the right to vote. Then you will need to find an investment bank to underwrite your shares and help them be advertized to the public. Plus in order to start a fund you will need atleast $100,000 in capital.

Then operating the fund will not be as easy as you think you will need to have sales literature and prospectuses which include fund objectives, performance figures and fees.

Some of the limitations that make it hard for funds to beat the market are they can not have more than 5% of their assets in one company, they can not own more than 10% of the voting stock of one company. They can not short sell and go long you have to make a choice one or the other either your a regular long fund or a short fund.

If you are still serious about starting a fund go talk to a lawyer and an investment banker

You can't do it
The regulations are to severe.
The up front capital needed is tremendous
and you have to have the proper qualifications to meet the securities act.