Interactive Brokers Adviser Brochure

96 Pages·2016·5.3 MB·English

Advisors Getting Started Guide
February 2016
© 2016 Interactive BrokersLLC.All RightsReserved
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Contents
Contents i
Getting Started as an Advisor 5
MustConsider: 5
MayWantto Consider: 6
Log In to AccountManagement 7
Failed Login Attempts 8
AutomaticLogoff 8
Secure Login System 8
Funding 11
MasterAccountFunding 11
Trading AccountFunding 12
DirectFunding 12
Transferring Fundsfromthe MasterAccount 14
Initial Funding forClientAccounts 16
ClientAccounts 17
ClientApplications 17
FullyElectronicAccountApplication 19
Adding IRA TrustAccounts 19
Semi-ElectronicAccountApplication 20
SpecifyClientFees 20
High WaterMarking 23
AdvisorsGetting Started Guide i
Contents
Trading Permissions 24
ClientAccountFundsStatus 25
Dashboard 25
ClientAccountDetails 27
Additional AdvisorAuthorizations 30
LinkClientAccounts 32
Trading 35
Subscribe to MarketData 35
Log in to TWS 37
Add MarketData 38
Define Allocation Groupsand Methods 40
AccountGroups 41
Create Allocation Profiles 43
SetAllocation Defaults 45
Trade and Allocate forClients 47
Real-time ActivityMonitoring 48
View AccountBalances 51
Real-time Margin Monitoring 52
MonitorMargin Requirements 53
TryPM 53
Margin Warnings 54
View Available forTrading Values 54
View MarketValue 55
View FX Portfolio Values 55
AdvisorsGetting Started Guide ii
Contents
View Portfolio Values 55
The Right-ClickPortfolio Menu 56
Opening a PaperTrading Account 57
PaperTrading AccountReset 58
PaperTrading AccountStatements 59
Reporting 61
ActivityStatements 61
Customized ActivityStatements 64
Third-PartyDownloads 65
Trade Confirmations 66
FlexQueries 67
Margin Reports 67
StressTestReport 68
Value atRiskReport 69
AdvisorFee Cap Report 70
ClientSummaryReport 71
P/L Markup SummaryReport 72
PortfolioAnalyst 72
StatementAccessforClients 73
OtherFeatures 75
AdvisorWhite Branding 75
Enabling Additional Traders 76
CustomerActivityMonitor 78
MoneyManagers 79
AdvisorsGetting Started Guide iii
Contents
OtherTasksYou Can Performasa Wealth Manager 81
MoneyManagerMarketplace 83
Administrators 83
AdministratorMarketplace 84
Managing Administrators 85
Investors'Marketplace 86
Advertise YourServices 87
Index 91
AdvisorsGetting Started Guide iv
1
Getting Started as an Advisor
This Getting Started guide providesan overview ofthe tasksyou will wantto complete asa
new IB Advisor.Thisguide isdesigned asa reference fornew usersand comprisesa very
small subsetofthe information and featuresavailable to you through IB.
The guide assumesthe following:
Thatthe Masteraccounthasbeen approved and funded.
Thatyou are the Advisormaster.
Thatyou opened a trading accountforyourown personal trading.
Must Consider:
Understand how to Log In to AccountManagement
Activate yourSecure Login Systemdevice
Understand the processand timing ofaccountfunding,including:
MasterAccountFunding
Trading AccountFunding
Initial Funding forClientAccounts
Add and manage clientaccounts:
Add ClientAccounts
Specify ClientFees
SetTrading Permissions
View ClientAccountFunds Status
Use the Dashboard to view and manage clientaccounts
Trade:
Subscribe to MarketData
Log in to TWS
Add MarketData Lines
AdvisorsGetting Started Guide 5
Chapter 1 MayWantto Consider:
Define Allocation Groups and Methods
Trade and Allocate forClients
Use Real-time Activity Monitoring
Familiarize yourselfwith activitystatementsand otherfeaturesofourreporting system
May Want to Consider:
Money Managers
Opening a PaperTrading Account
White Branding
Enabling Additional Traders
Additional AdvisorAuthorizations
Link ClientAccounts
Adding Administrators
CustomerActivity Monitor
Investors'Marketplace
AdvisorsGetting Started Guide 6
2
Log In to Account Management
There are two waysto accessAccountManagement:
Log in fromthe IB website.
Accessthe home page fromthe TraderWorkstation.
To log in to AccountManagementfromthe IB website
1. FromIB’swebsite,selectAccountManagementfromthe Login dropdown listin the
upperrightcorner.
2. EnteryourIB Username and Password,and click Login.The AccountManagement
home page opens.
AdvisorsGetting Started Guide 7
Chapter 2 Failed Login Attempts
To access AccountManagementfromTraderWorkstation
1. Log in to TraderWorkstation.
2. Fromthe Accountmenu,selectAccountManagementHome.The AccountManagement
home page opens.
Formore information
Failed Login Attempts
Automatic Logoff
Failed Login Attempts
Afterten failed login attemptsin 24 hours,yourAccountManagementlogin will be disabled.If
thishappens,contactCustomerService.
Automatic Logoff
Ifyou are logged into AccountManagementand the systemdetectsno activityfor30 minutes,
yourAccountManagementsession will automaticallyexpire and you will have to log backin.A
message appearswarning you thatyou will automaticallybe logged outwithoutfurtheractivity.
Once yoursession expires,anothermessage appearsinforming you thatyoursession has
expired and you have been logged out.You mustre-login to starta new AccountManagement
session.
Secure Login System
Once youraccountisapproved and funded,IB will mail you a Secure Login Device atthe
addressyou specified in yourapplication.You will need to use thisdevice anytime you log in to
TWS orAccountManagement.Thisadded level ofsecurityhelpsto ensure thatyourIB account
information remainssecure.Please note thatyourdevice mustbe activated before you can use
it.
AdvisorsGetting Started Guide 8