Investments

Brokers offer something called an FA short for friends and family account. It is a stand alone account that would execute orders in the same time for multiple clients. Once and order get executed, it will be distributed across existing accounts based on a specific allocation previously agreed upon. For example the broker may purchase $10 million of a certain stock and in ten months sell it for $11 million. It can then be set up that the first million in profits go to one particular client and the any money over that will go in equal shares to the other clients. Perhaps the first client is a disabled mother and rest are her children. It could be 10 friends who want to invest together and have one friend who is disabled. Some have suggested that this is how Hillary made a quick $100,000. It was reported in the news that Hillary turned a $1,000 investment into $100,000 in ten months but many feel that she had some help. An FA is one way this could be done and the other members of the group could remain anonymous.