What are Financial Services Costs in the Aggregated Costs and Charges report?

The MiFIR Transaction Reporting regime requires Investment Firms, like your IB Broker, to include specific client identifiers in their transaction reports.

Accounts that trade in financial instruments which are received and/or transmitted by one of the following Interactive Brokers Group entities (“IB Brokers”) will need to be identified in the IB Broker’s reports by using specific identifiers that may or may not be already available to it…

In the Aggregated Costs and Charges Report the Ancillary Services Costs are costs incurred for certain additional services (such as research, market data) and that are not part of transactional service or product costs. These are traceable to your account statements, and are generally reflected in the Fees section. …

The information provided on the Form 1099 does not necessarily determine one’s tax obligation and clients may need to make additional adjustments to determine their actual tax liability. Examples of such adjustments may include the following:

• IBKR does not report cost basis information for closing transactions involving non-covered securities which the client is obligated to report to the IRS;…

In the Aggregated Costs and Charges Report the Investment Services Costs are fees that are incurred on a one-time, transactional, ongoing or incidental basis to provide and perform investment services. These can be traced to your account statements and commonly include items such as:…