Offer your thoughts or opinion on the input financial query or topic using your financial background.

Is it legal if I'm managing my family's entire wealth?
I transfer all their funds to my bank account Are they paying tax on that transfer?  Gifts under $14,000 are excluded from taxation in the US, but they're going going to have a hard time arguing that it is a gift (since they expect it back).  The taxes are almost certainly going to exceed the amount you can make from your investments in the short term, and if they aren't paid then your "clients" are going to be in hot water with the IRS. You need to have something set up that establishes you as merely managing the funds, and not receiving them personally as a transfer.  The other answers have good suggestions.