Getting Started Guide IB Advisors

100 Pages·2017·5.74 MB·English

by  Interactive Brokers

AdvisorsGetting Started Guide
February2019
©2019InteractiveBrokersLLC.AllRightsReserved
Anysymbolsdisplayedwithinthesepagesareforillustrativepurposesonly,andarenotintendedtoportray
anyrecommendation.
Contents
Contents i
AdvisorsGetting Started Guide 5
GettingStartedasanAdvisor 5
MustConsider: 5
MayWanttoConsider: 6
Log In to Account Management 7
FailedLoginAttempts 8
AutomaticLogoff 8
SecureLoginSystem 8
Funding 11
MasterAccountFunding 11
TradingAccountFunding 12
DirectFunding 12
TransferringFundsfromtheMasterAccount 14
InitialFundingforClientAccounts 15
Client Accounts 17
ClientApplications 17
FullyElectronicAccountApplication 18
Semi-ElectronicAccountApplication 20
SpecifyClientFees 22
AdvisorsGetting Started Guide i
Contents
HighWaterMarking 26
TradingPermissions 27
ClientAccountFundsStatus 27
Dashboard 27
ClientAccountDetails 29
AdditionalAdvisorAuthorizations 31
Trading 35
SubscribingtoMarketData 35
LogintoTWS 36
AddMarketData 36
DefineAllocationGroupsandMethods 37
AccountGroups 37
CreateAllocationProfiles 39
SetAllocationDefaults 40
TradeandAllocateforClients 42
Real-timeActivityMonitoring 44
ViewAccountBalances 45
Real-timeMarginMonitoring 45
MonitorMarginRequirements 46
TryPM 47
MarginWarnings 47
ViewAvailableforTradingValues 47
AdvisorsGetting Started Guide ii
Contents
ViewMarketValue 48
ViewFXPortfolioValues 48
ViewPortfolioValues 49
TheRight-ClickPortfolioMenu 49
Reporting 51
ActivityStatements 51
CustomizedActivityStatements 53
Third-PartyDownloads 53
TradeConfirmations 54
FlexQueries 55
MarginReports 55
StressTestReport 56
ValueatRiskReport 56
AdvisorFeeCapReport 56
ClientSummaryReport 57
P/LMarkupSummaryReport 57
PortfolioAnalyst 57
StatementAccessforClients 58
Other Features 59
OpeningaPaperTradingAccount 59
ResetPaperTradingAccount 60
PaperTradingAccountStatements 62
AdvisorsGetting Started Guide iii
Contents
AdvisorWhiteBranding 62
EnablingAdditionalTraders 64
AdditionalAdvisorAuthorizations 67
CustomerActivityMonitor 69
MoneyManagers 70
OtherTasksYouCanPerformasaWealthManager 72
MoneyManagerMarketplace 73
Investors'Marketplace 74
AdvertiseYourServices 75
Administrators 76
AdministratorMarketplace 76
ManagingAdministrators 77
Index 79
AdvisorsGetting Started Guide iv
1
Advisors Getting Started Guide
Getting Started as an Advisor
ThisGetting StartedguideprovidesanoverviewofthetasksyouwillwanttocompleteasanewIBKR
Advisor.Thisguideisdesignedasareferencefornewusersandcomprisesaverysmallsubsetofthe
informationandfeaturesavailabletoyouthroughIBKR.
Theguideassumesthefollowing:
ThattheMasteraccounthasbeenapprovedandfunded.
ThatyouaretheAdvisormaster.
Thatyouopenedatradingaccountforyourownpersonaltrading.
Must Consider:
UnderstandhowtoLogIntotheAdvisorPortal
ActivateyourSecureLoginSystemdevice
Understandtheprocessandtimingofaccountfunding,including:
o MasterAccountFunding
o TradingAccountFunding
o InitialFundingforClientAccounts
Addandmanageclientaccounts:
o AddClientAccounts
o SpecifyClientFees
o SetTradingPermissions
o ViewClientAccountFundsStatus
o UsetheDashboardtoviewandmanageclientaccounts
o LinkClientAccounts
o AddClientTemplates
Trade:
o SubscribetoMarketData
AdvisorsGetting Started Guide 5
Chapter 1 MayWantto Consider:
o LogintoTWS
o AddMarketDataLines
o DefineAllocationGroupsandMethods
o TradeandAllocateforClients
o UseReal-timeActivityMonitoring
Familiarizeyourselfwithactivitystatementsandotherfeaturesofourreportingsystem
May Want to Consider:
OpeningaPaperTradingAccount
WhiteBranding
EnablingAdditionalTraders
AdditionalAdvisorAuthorizations
CustomerActivityMonitor
MoneyManagers
Investors'Marketplace
AddingAdministrators
AdvisorsGetting Started Guide 6
2
Log In to Account Management
TherearetwowaystoaccessAccountManagement:
LoginfromtheIBKRwebsite.
AccessthehomepagefromtheTraderWorkstation.
To log in to Account Management fromtheIB website
1. FromIBKR’swebsite,selectAccount ManagementfromtheLogindropdownlistintheupperright
corner.
2. EnteryourIBKRUsernameandPassword,andclickLogin.TheAdvisorPortalopens.
AdvisorsGetting Started Guide 7
Chapter 2 Failed Login Attempts
To accessAccount Management fromTrader Workstation
1. LogintoTraderWorkstation.
2. FromtheAccount menu,selectAccountManagementHome.TheAccountManagementhome
pageopens.
For moreinformation
FailedLoginAttempts
AutomaticLogoff
Failed Login Attempts
Aftertenfailedloginattemptsin24hours,yourAccountManagementloginwillbedisabled.Ifthishappens,
contactCustomerService.
Automatic Logoff
IfyouareloggedintoAdvisorPortalandthesystemdetectsnoactivityfor30minutes,yoursessionwill
automaticallyexpireandyouwillhavetologbackin.Amessageappearswarningyouthatyouwill
automaticallybeloggedoutwithoutfurtheractivity.
Onceyoursessionexpires,anothermessageappearsinformingyouthatyoursessionhasexpiredandyou
havebeenloggedout.Youmustre-logintostartanewsession.
Secure Login System
Onceyouraccountisapprovedandfunded,IBKRwillmailyouaSecureLoginDeviceattheaddressyou
specifiedinyourapplication.YouwillneedtousethisdeviceanytimeyoulogintoTWSorAdvisorPortal.
ThisaddedlevelofsecurityhelpstoensurethatyourIBKRaccountinformationremainssecure.Please
notethatyourdevicemustbeactivatedbeforeyoucanuseit.
Youhave14daysfromthedaywemailyouyourIBKRSecurityDevicetoactivatethedeviceinAdvisor
Portal.After14days,youarerequiredtousethedevicetologintoAdvisorPortalandTraderWorkstation.
Ifyoureceivethedevicebefore14days,youcanaccessAdvisorPortalandTraderWorkstationwithout
AdvisorsGetting Started Guide 8