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Account Management - Release Notes (April 2015)

Week Ending May 1, 2015



Advisors Can Charge Fees on Client Investments in Hedge Funds

Advisors can now charge fees on the current value of the amount that their clients have invested in hedge funds who participate in our Hedge Fund Capital Introduction Program (HFCIP), which is part of our Investors’ Marketplace. If you are an Advisor and you have already invested funds for your client at the Hedge Fund Investor Site (available at the Marketplace), the invested hedge fund will automatically be enabled for the fee program.

For each client who invests in a participating hedge fund, the Advisor can charge fees based on the Annualized Percentage of Net Liquidation Value of the current value of the client's investment in the Fund and/or the percentage of profit and loss of the client's investment in the Fund, as well as configure the fee posting frequency (monthly or quarterly). Advisor clients must approve the fee schedule by signing a form.

For more information, see the Account Management Users' Guide.




Meet with Management Marketplace

We've added the Meet with Management Marketplace to the Business Development category of our Investors' Marketplace. The Meet with Management Marketplace lets Advisors, Brokers and Hedge Funds search for and connect to Corporate Access Providers, who facilitate meetings, roadshows and conference calls between institutional investors and companies looking for potential investors.

Access the Investors' Marketplace from the Trading menu or the footer section on our website, or from the Investors' Marketplace menu in Account Management.

Week Ending April 24, 2015



Dashboard Update - Enhanced Navigation

The Dashboard, which provides quick and easy access to information about Advisor, Broker and Hedge Fund client and fund accounts from a single point of access, has been updated with enhanced navigation. Beginning with this release, Advisors, Fully and Non-Disclosed Brokers and Multiple Hedge Fund Investment Managers can select how many accounts to view on a single page - 50, 75 or 100 - and can quickly navigate between pages of client account lists. This feature is especially useful for account structures with a large number of client and/or fund accounts.

For more information about the Dashboard, see the Account Management Users' Guide.

Week Ending April 10, 2015



Households for Advisors and Fully Disclosed Brokers

Beginning with this release, Advisors and Fully Disclosed Brokers with multiple accounts for a single family or an individual can group those accounts into a household to more efficiently manage those accounts. Individuals and Advisor and Broker clients can request that their accounts be grouped into a household to reduce the amount of paper mail they receive and to view consolidated reporting and account details in Account Management. The primary user of the household, called the Head of Household, is allowed to view reporting and account information of the other accounts in the household.

Advisors and Fully Disclosed Brokers can create households, add accounts to households, and perform other tasks related to households in Account Management.

Single accounts can household their accounts by submitting a paper form. The Create Household form is located on the Support > Paper Forms page in Account Management.

For more information about households, see the Account Management Users' Guide.




Update - Link Individual Account to Advisor- or Broker-Managed Account

The ability to link your Individual, Joint, Trust and IRA account to an Advisor- or Broker-managed account has been enhanced:

  • Individual, Joint, Trust and IRA account holders can link their full account, including all cash and positions, to an Advisor- or Broker-managed account directly from the Investors' Marketplace.

    Access Advisors and Brokers at the Marketplace by clicking Investors' Marketplace > Search Services > Investing > Advisors or Investors' Marketplace > Search Services > Investing > Brokers in Account Management.
  • Individual, Joint, Trust and IRA account holders can now choose whether to move their full account(s) to the Advisor or Broker, or create a new account that will be managed by the Advisor or Broker. If they choose to create a new Advisor- or Broker-managed account, they will retain their existing account, which will be linked to the new Advisor- or Broker-managed account.

To learn more about linking to Advisor- and Broker-managed accounts, see our Account Management Users' Guide.




Penny Stocks Trading Permission

Beginning with this release, all customers of IB LLC and all IB entities that clear through IB LLC (IB UK, IB Canada) and wish to trade penny stocks must request penny stock trading permissions in Account Management. Penny stocks are defined as any stock whose primary listing exchange is OTCBB, PINK or VALUE.

Before you can trade penny stocks, you must request penny stock trading permission in Account Management: click Manage Account > Trade Configuration > Permissions, select Penny Stocks, and then acknowledge our Penny Stock Disclosure.

Note the following additional guidelines for trading penny stocks:

  • You and all trading users in your account must be using two-factor authentication to be eligible to trade penny stocks. This means that you and all trading users in your account must be using either a Secure Login Device or our sDSA security app to log in.
  • You must meet the minimum financial and age criteria required to trade equity options in order to qualify to trade penny stocks.
  • If you do not have penny stock trading permissions, you will not be allowed to transfer penny stocks into your IB account.
  • If you already hold penny stocks and have not yet requested penny stock trading permissions, you will be allowed to close out those positions.



Wire Withdrawals to a Third Party

Beginning with this release, you can now request a wire withdrawal of funds from your account to an eligible third party. A third-party withdrawal is a two-step process:

  1. Enter third-party information and submit it to us for approval.
  2. Upon approval of the payee information, create and submit a third-party withdrawal request using the approved information as the bank information for the withdrawal.

For detailed information about the eligibilty requirements and approval process for third-party withdrawals, refer to the Withdrawals page at the Funding Reference on our website.

For information on to how to request a third-party withdrawal in Account Management, see our Account Management Users' Guide.