Application Guide for Advisors and Brokers

128 Pages·2017·3.01 MB·English

by  Interactive Brokers

Application Guidefor Advisorsand Brokers
February2019
©2019InteractiveBrokersLLC.AllRightsReserved
Anysymbolsdisplayedwithinthesepagesareforillustrativepurposesonly,andarenotintendedtoportray
anyrecommendation.
Contents
Account Application Guidefor Advisorsand Brokers 5
GettingStarted 5
WhoShouldReadThisGuide? 5
What'sIncludedinThisGuide 5
AdditionalResources 6
ApplyOnline 9
RegisteredAdvisorAccountStructure 10
FullyDisclosedBrokerAccountStructure 11
DifferencesBetweentheMasterAccountandtheProprietaryAccountforBroker-Dealers 12
ApplyOnline-RegisteredAdvisors 12
ElectronicAdvisorClientApplications 16
Semi-ElectronicAdvisorClientApplications 18
AdvisorClientAccountTemplates 20
ApplyOnline-FullyDisclosedBrokers 25
ElectronicBrokerClientApplications 28
Semi-ElectronicBrokerClientApplications 29
BrokerClientAccountTemplates 30
ManageRegistrationTasksforClientAccounts 36
WhiteBranding 45
WhiteBrandingRules 45
Application Guide forAdvisorsand Brokers i
Contents
HowtoSetUpWhiteBranding 45
AdditionalWhiteBrandingOptions 49
MassUpload 50
IndividualInformation 52
AccountInformationFields 52
CustomerInformationWorksheetFields 55
MailingAddressFields 57
EmploymentInformationFields 57
RegulatoryInformationFields 59
FinancialInformationFields 60
TradingPermissionsFields 62
W-9andW8BENFields 62
W-9Fields 62
W-8BENFields 63
AdvisorWrapFeesFields 65
ACATSFields 66
ACHInstructionsFields 67
IRAInformation 68
IRAIndividualBeneficiariesFields 68
IRAEntityBeneficiariesFields 70
IRADecedentFields 72
JointAccountInformation 73
Application Guide forAdvisorsand Brokers ii
Contents
JointAccountInformationFields 73
CustomerInformationWorksheetFields 74
MailingAddressFields 76
W-9andW8BENFields 76
W-9Fields 77
W-8BENFields 77
EmploymentInformationFields 79
TrustInformation 81
TrustInformationWorksheetFields 81
AssociatedIndividualsWorksheetFields 82
AssociatedEntitiesWorksheetFields 86
EntityEmployeesWorksheetFields 89
TradingPermissionsbyCountryandProduct 90
EmploymentNatureofBusiness 93
ListofOccupations 97
Exchanges 101
Application XML 105
WhatisApplicationXML? 105
WhatWeProvide 106
AccessingtheAgreementsandDisclosuresatOurFTP Site 108
HowtoGetStarted 108
ApplicationXML Summary 108
Application Guide forAdvisorsand Brokers iii
Contents
AbouttheXMLSampleFiles 109
AdvisorClientTypes-SampleFiles 110
TradingPermissionCodes 110
HowtoUsetheTradingPermissionCodes 110
HowtoSetUpApplicationXML 111
1.PreliminarySteps 111
2.BuildandTestYourUserInterface 112
3.RulesforSubmittingFiles 112
4.Testing Phase 116
5.ProductionPhase 118
FrequentlyAskedQuestions 119
Index 125
Application Guide forAdvisorsand Brokers iv
1
Account Application Guide for Advisors
and Brokers
Getting Started
WelcometoInteractiveBrokers'AccountApplicationGuideforAdvisorsandBrokers.Thisguideincludes
informationtohelpAdvisorsandBrokersopenInteractiveBrokersaccountsusingavarietyofavailable
applicationmethods.
Who Should Read This Guide?
Thisguideisintendedfor:
ARegisteredInvestmentAdvisorwhowantstoopenanInteractiveBrokersAdvisoraccount,including
hisorherownmasteraccountandclientaccounts.
ABroker/DealerorIntroducingBrokerwhowantstoopenanInteractiveBrokersFullyDisclosed
Brokeraccount,includinghisorherownmasterandproprietaryaccount,andclientaccounts.
What's Included in This Guide
ThisguidedescribeshowtoopenInteractiveBrokersAdvisorandBrokermasterandclientaccountsusing
thefollowingavailablemethods:
ApplyOnlineatOurWebsite-Openyourmasteraccountusingouronlineaccountapplicationavailable
onourwebsite,www.interactivebrokers.com,andthensendelectronicorsemi-electronicinvitationsto
yourclientstoopenclientaccounts.
CreateaWhite-BrandedApplicationforYourClients-Uploadyourownbannerimagestowhitebrand
ourregistrationsystemforyourclientaccountapplications.
MassUpload-Uploadapplicationinformationtousforallofyourclientsatonce.
ApplicationXML-DevelopyourownversionoftheInteractiveBrokersaccountapplicationtocontrol
yourclients’applicationexperience.
Application Guide forAdvisorsand Brokers 5
Chapter 1 Additional Resources
Additional Resources
Inadditiontotheinformationinthisguide,InteractiveBrokersprovidesimportantresourcesforRegistered
InvestmentAdvisorsandFullyDisclosedBrokers.
For Advisors:
Getting Started Guide-Providesanoverviewofthetasksyouwillwanttocompleteasanew
Advisor.Thisguideisdesignedasareferencefornewusersandcomprisesaverysmallsubsetofthe
informationandfeaturesavailabletoyouthroughIB.ThisguideassumesthatyourAdvisormaster
accountasbeenapprovedandfunded,thatyouaretheAdvisorMaster.Theguidealsoincludesinform-
ationrelevanttotheAdvisorwhohasopenedatradingaccountfortheirhisorherpersonaltrading.
o OnlineVersion
o PDFVersion
RIA ComplianceCenter-Basicinformationontheregistrationandcompliancerequirementsfacing
investmentadvisorsthatincludesawebinaronRIAcomplianceandPDFdocumentsthatspotlight
majorcompliancetopics.
For Brokers:
Getting Started Guidefor FullyDisclosed Brokers-Providesacomprehensivecollectionofthe
tasksyouwillwanttocompleteasanewFullyDisclosedBrokers.Thisguideisdesignedasaref-
erencefornewusersandcomprisesaverysmallsubsetoftheinformationandfeaturesavailableto
youthroughIB.Thisguideassumesthatyouraccountasbeenapprovedandfunded,thatyouarethe
BrokerMaster,andthataProprietaryAccountforBroker-Dealerswasautomaticallycreatedforyour
ownpersonaltradingduringtheapplicationprocess.
o OnlineVersion
o PDF Version
Application Guide forAdvisorsand Brokers 6
Chapter 1 Additional Resources
For AdvisorsAND Brokers:
Investors'Marketplace-OuronlineservicewhereIBcustomerscanformconnectionswithservicepro-
vidersanddobusinesstogetheronInteractiveBrokers'platform.Searchforavarietyofthird-partyser-
viceprovidersoradvertiseyourownservicestopotentialclients,allatnocost.
Application Guide forAdvisorsand Brokers 7
Application Guide forAdvisorsand Brokers 8