Advisor Client Markups

Overview

Professional and Friends & Family Advisors⁽¹⁾ may charge their clients for services rendered either through automatic billing, electronic invoice or direct billing. You determine the advisor markup at the time of the clients registration, and may modify these markups at any time within Account Management from the Funds Management/Client Fees section. In the case of fee increases, the client will be required to acknowledge the fee increase with a signature. In addition to the advisor client fees specified, IB will charge its normal commissions to the client.

Notes:

Only Advisors who are exempt from registration are eligible to open an IB “Friends & Family” account. Registration requirements can vary among jurisdictions. For example, advisors who reside in Canada and charge fees for their services must be registered under Canadian law. Advisors residing in the U.S. may be required to register under either State or Federal law if they meet certain criteria (e.g., total assets under management, number of clients, whether they receive compensation, etc.). YOU MUST RESEARCH THE SPECIFIC REGULATIONS IN YOUR STATE/COUNTRY AND DETERMINE WHETHER OR NOT YOU ARE REQUIRED TO REGISTER AS AN INVESTMENT ADVISOR.

http://www.interactivebrokers.com/en/index.php?f=advisorWrapFees&p=overview