In order for assets to be transferred as a result of divorce, IBKR requires a copy of a certified court document evidencing the divorce and the distribution of assets. This information must be specific as to the form (e.g., cash, securities) of assets to be transferred and, if securities or other positions, the symbol, quantity and lot (if different cost basis) as well as the name of the individual to whom the assets are to be transferred. To begin the transfer process, create a ticket through your Client Portal Message Center detailing the assets to be transferred, the reason for the transfer and the account numbers involved, and attach the aforementioned certified court document.
If the individual receiving the assets wishes to hold the positions at IBKR and does not already have an account, they will need to apply and ensure that they meet the required age, financials, product knowledge & experience, and investment objectives necessary to maintain the positions with IBKR. If not, they may request that IBKR assist with closing positions and transferring the cash proceeds.
If the individual receiving the assets wishes to transfer the assets elsewhere, information regarding the transfer destination will be required.
If the effect of the transfer would result in any account no longer being margin compliant, IBKR has the right to liquidate positions beforehand to ensure continued compliance.