Interactive Brokers Sees More Registered Reps Becoming Independent Advisors | Business Wire
GREENWICH, Conn.–(BUSINESS WIRE)–As portfolio values decline across the industry, many large brokers have
decided that servicing smaller balance client accounts is no longer
profitable, putting Registered Representatives with strong customer
relationships in a difficult position. Many of these Registered
Representatives are making the decision to go independent and become
Registered Investment Advisors. Interactive Brokers has witnessed an
acceleration of the trend to independence in 2009.
Over the years, Interactive Brokers has built a fully automated and
efficient trade execution and clearing system that allows advisors to
service accounts of all sizes at the lowest possible cost. In addition,
IB offers direct market access from within a single screen offering
stocks, options, futures, forex, bonds and funds on more than 80
electronic global exchanges across 18 countries. With its ultra-low
commissions and market-maker style execution and trade management tools,
the IB Trader WorkstationSM provides a convenient tool for
the registered investment advisor to manage a growing book of business
with multiple accounts. In addition, IB’s recent S&P ratings upgrade
combined with $4.4 billion in shareholder equity gives a strong
indication of the safety of this technology-focused broker-dealer.
IB offers advisors a multitude of automated flexible billing methods as
well as special reports tailored for an advisor client’s needs.
Recognising that RIAs are responsible for all aspects of trading and
investing client positions, IB provides a client allocation tool that
automatically splits trades based on a number of pre-defined
methodologies as well as a portfolio re-balance tool that lets an
advisor rebalance positions across all or some of their customers at the
click of a button. With over 40 order types. Advanced proprietary
trading algorithms such as Accumulate-Distribute, OptionPortolio.
ScaleTrader, IB offers the tools required for just about any trading
style. In addition, IB offers advisors the ability to white brand its
In providing a low-cost automated advisor platform, IB has removed many
of the hurdles registered reps encounter when making the move from a
brokerage firm to becoming independent. The company helps new advisors
aboard with its focus on education about its services, from becoming a
registered investment advisor to understanding how to allocate trades
and re-balance portfolios.
About Interactive Brokers
Interactive Brokers Group, Inc. (IBG), together with its subsidiaries,
is an automated global electronic market maker and broker specializing
in routeing orders and executing and processing trades. The company
provides professional traders and investors with direct market access to
stocks, options, futures, forex, bonds and funds from a single IB
Universal AccountSM on over 80 market centers worldwide.
Employing proprietary software on electronic exchanges worldwide,
Interactive Brokers is continuously integrating its software with a
growing number of exchanges and trading venues into one automatically
functioning, computerized platform that requires minimal human