IB Australia does not support direct conversions on the same account. If your trust structure has changed from individual trustees to a corporate trustee you will need to open a new account with the corporate trustee structure and transfer your assets.
Step One
Open a new account with corporate trustee
- Start a new application via the IBKR website
- Select corporate trustee during the application process
- Provide details about the trustee company and the individuals in charge
- Complete the application and wait for approval
Step Two
Transfer assets to the new account
Once your new account is approved:
- Login to Client Portal using your original account
- Click the User menu (head and shoulders icon in the top right corner) followed by Settings
- Under Account Settings find the Account Configuration section
- Select Account Transfer
- Request a one-time transfer
- Enter your new account details
- The IBKR transfer team will process your request and provide updates.