Interactive Brokers Sees More Registered Reps Becoming Independent Advisors
GREENWICH, CT, April 27, 2009 — 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
IB offers advisors a multitude of automated flexible billing methods as well
as special reports tailored for an advisor client's needs. Recognizing
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, and advanced proprietary
trading algorithms such as Accumulate-Distribute, OptionPortolio, and ScaleTrader,
IB offers the tools required for just about any trading style. In addition,
IB offers advisors the ability to white brand its technology platform.
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 routing
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 intervention.
Interactive Brokers Group, Inc.