The ability to add another person to your individual account depends upon their intended capacity or role.
The four most common roles are as follows:
Owner
- Account holders may not add another person to an existing account, if the effect of adding that individual would serve to change account ownership. If, for example, you are seeking to convert your individual account into a joint account, you would need to initiate a joint account application, execute the agreements associated with that account and request a transfer of assets thereafter. See Converting From a Single to Joint Account.
Beneficiary
- The addition of a beneficiary or nominee is supported for a limited set of account types (e.g. a Transfer of Death for US-based Individual accounts and Joint accounts that are Tenants with Rights of Survivorship or Tenants by Entirety can set up a Transfer on Death and Individual IRA Accounts). See How can I designate a beneficiary on my account?
User
- Account holders may add a non-employee individual as a user and grant them specific account access rights (e.g., reports, trading). Note that adding a user to assist with operating and/or monitoring the account implies no change in ownership. See Adding (non-employee) users to an individual account for information on adding a non-employee user.
Trusted Contact
- An individual who IBKR would be authorized to contact and disclose information about their account to address possible financial exploitation, to confirm the specifics of the customer's current contact information, health status, or the identity of any legal guardian, executor, trustee or holder of a power of attorney. This individual is not provide with access to the account nor are they authorized to approve any transactions for the account. See What is a Trusted Contact?