February 2016
Week Ending February 12, 2016
Charge Client Fees to Advisor on a Per-Client Account Basis
Minimum monthly fees, IRA account fees and market data and research fees are charged to client accounts by default. Previously, Advisors could elect to charge these fees for all client accounts to their own Advisor master account on the Manage Clients > Fees > Charge Fees to Master page in Account Management.
Begining with this release, Advisors can now charge these fees to their own master account on a per-client account basis. The Charge Fees to Master page has been removed and Advisors now make this election when configuring client fees on the Manage Clients >Fees > Configure Fees page.
Change the Active Account to an Account Partition
If you have a multiple account structure (linked accounts, for example), you could always use the account switching tool at the bottom of any page in Account Management to change the active account for all of Account Management. This tool now supports account partitions, which means that if you have divided your account into partitions, you can now change the active account in Account Management from the parent partition to the child partition using the account switching tool.
To change the active account, simply click the down arrow next to your account title at the bottom of any page in Account Management, and then select a different account or partition from the list that opens. In the list, partitions are underlined; to select a different partition, click the account listed immediately below the line with the word "Partition."
Week Ending February 5, 2016
International Position Transfers
We've added a new Position Transfer Method to the Funding > Position Transfers page in Account Managment: International Assets. International Assets position transfers REPLACE the previous methods of transferring Asian and European positions into your IB account. Make note of the following changes:
- The previous method of transferring Asian assets, which required that you submit a Customer Service Inquiry Ticket and complete a form, is no longer supported in Account Management.
- The previous method transferring European assets, which required that you complete and submit a transfer form, is not longer supported in Account Management.
- You can only transfer Asian and European stocks, bonds, structured products and options into your account using this transfer method. No other Asian or European asset classes can be transferred to your account in Account Management.
- To transfer Asian or European positions into your IB account, first select International Assets as the Transfer Method, then search for assets by symbol, ISIN or CUSIP, and then select the assets you want to transfer.
- Position transfers from Hong Kong, Australia, Japan, Belgium, France, Germany, Italy, the Netherlands, Spain, Switzerland, and the UK are currently supported.
Advisor/Broker Account Setup Page Now Only Available from Investors' Marketplace
You use the Advisor/Broker Acount Setup page to move or link your account to an Advisor- or Broker-managed account, or divide your account into partitions, one of which will be managed by an Advisor or Broker. This page has been removed from the Manage Account menu.
To access this page, you now first search for and select an Advisor in the Advisor Marketplace or a Broker in the Broker Marketplace, then click the Link button in the information window for that Advisor or Broker. In Account Management, you access these marketplaces from the Investors' Marketplace > Search Services > Investing menu.
