• All Files

 

Electronic Advisor Client Applications

As a Registered Advisor with an Interactive Brokers Advisor account, you can send email invitations to your clients, who then complete their account applications completely electronically.

To send an invitation to a client to start an electronic application

  1. Log in to Account Management, and then click Manage Clients > Create and Link Accounts > Create > New.

The Add Client Account page opens.

  1. Click Client Invitation for a Fully Electronic Application.

The Advisor Client Invitation page opens.

  1. Select the type of application for your client:
  • ProTrack - This is a full account application for Individual, Joint, IRA, Trust and Small Business clients who want to trade stocks, options, futures, forex, bonds, mutual funds, and CFDs.
  • Client Account Templates - Select this option if you want to use a Client Account Template that you have created, and then select the desired template from the drop-down menu.

If you select ProTrack, you will be asked to set client fees.

  • IB FastTrack US NonPro template - This is a short application for Individual, Joint and IRA clients who want to trade only stocks in their country of legal residence.
  1. Click Submit.

The Client Fee Setup page opens.

  1. Select the type of fees for the client:
  • No Fee - An advisor chooses not to charge his or clients a fee for services rendered.
  • Automatic billing - A calculated fee is automatically billed to the client's account with blanket client authorization. Be aware that Automatic Billing is subject to certain caps and limitations.

Choose one of several methods of automatic billing:

  • Annualized Percentage of Net Liquidation Value
  • Annualized Flat fee
  • Percent of Profit and Loss (P&L)
  • Fee per trade unit
  • Monthly/Quarterly Invoicing - Advisors can submit electronic invoices for client fees. Invoices can be submitted for up to ten clients at a time, but only one invoice can be submitted per client account per day. Advisors can also upload a .csv file that contains multiple client invoices.

For more information about automatic billing, including examples see Automatic Billing for Advisor Client Fees in the Account Management Users' Guide.

  • Direct billing - The Advisor bills the client directly.We will not remove funds from the client's account.

Regardless of the method chosen, the advisor determines the fees at the time of the client’s registration and can modify them at any time. Advisor clients are required to acknowledge any fee increase with a signature.

Note: In addition to the advisor client fees specified, clients will be charged a fee per trade commission for execution and clearing services provided by us.

  1. Click Continue.

  1. Enter the client's name and email address, then click Submit.

An email is sent to the client, inviting him or her to complete an account application electronically.

  © 2016 Interactive Brokers