Software for tracking account values of multiple investors?

I’m looking into investing money for various people who have asked me to manage their money. I’m interested in doing so in a mutual fund sort of way and would like to know if anyone has recommendations as to some good software programs that will track (and keep separate) the numerous contributions and deductions by people invested in the fund. I need to be able to always know what percentage of the funds value is attributable to each investor.

On a side note: Am I wrong in thinking that I don’t need any special license in order to invest other people’s money? I would have a contract with each investor that would cover all the typical disclosures IRT “the risks of investing” and “past returns are no guarantee of future results”, etc. I plan on making this my home business for tax purposes as well. Am I missing something?

Thanks.
I realize that people “usually” have some sort of a business degree but I don’t think there’s an actual “requirement”. Besides, some of the advisor/planner “credentials” I’ve seen are so easy to get that it’s a little comical when I see them listed as qualifications…
I realize that people “usually” have some sort of a business degree but I don’t think there’s an actual “requirement”. Besides, some of the advisor/planner “credentials” I’ve seen are so easy to get that it’s a little comical when I see them listed as qualifications… Yes, I could get financial advisor and planner certifications but I really think there not worth much. I served with a guy who had a financial degree and he consistently commented as to how I knew more than he did and how I could pass the exam to be a broker if I wanted. I’m just not sure if I “have to”.