Greetings everyone. I have about a decade of very successful trading experience. I am personally financially stable and I am able to tolerate a high risk threshold in my market accounts. I have several other friends who have watched my portfolio grow and would like for me to manage some investment accounts for them. The problem is I am unsure how to do this as I am not a professional at this sort of thing. I have spoken to a few Financial Advisors, Stock Brokers and Wealth management companies. The problem is many times when I speak to them, it appears that their programs all are for very risk adverse clients who are looking for 10% APY returns. I find these sorts of holdings very dull and boring and also not as lucurative as the 100%+ APY return I am able to generate through my market holdings.

Basically my questions are this, can I as a unliscensed pleb create and manage a private fund with a few personally known clients?

Does the sort of position I am describing exist in a professional, or corporate setting? I would like to do this professionally.

What sorts of things would I need to create such a fund?

Thank you for any insightful input you may provide.