Hello!

Not sure where to post, so I thought this community would have good insight! I have a good amount of family and extended family fortune, I am responsible for investing. I want to be sure I do this legally!

Background: I’m in charge of handling my family’s finances. They rely on me to make good investments and to grow their wealth. I’m considering creating an LLC to protect our assets further and to gain more tax benefits. I am specifically focused on cryptocurrency investing, though, I take my shot with stocks, commodities, real estate, bonds etc.

Inspiration: bill gates and Sam Walton started this for their family fortune.

Concern: I might need a series 6 to hold their finances and invest it as an LLC. If not, maybe they could pay me for a service and I “use their money to invest” and give back to them “charitably”.

Question: do you have experience starting an LLC to handle your family finances? Am I legally allowed to handle their finances to invest or do I need a series 6 to handle their finances legally?