Start a Fully-Electronic Application

Instructions

If you are an Advisor Master User you can send an email invitation to your client who then completes an account application electronically.

You can also access the new client application from Contacts. Click the Send Application Invite icon. If you start an application from your contacts, the client application is pre-populated with that client's data.

  1. Click Menu in the top left corner > Home > select Add Account on the right hand side of the page > The Application Type page opens.

    Image of the applciation type panel in Portal.

  2. Click Fully Electronic Application, then Continue.

    The Client Invitation page opens.

  3. Enter the client's name and email address and click Continue.

    Image of the fully electronic client details panel in Portal.

  4. To use a Client Fee Template

    Select a Fee Template and Effective Date > Press Continue

    Image of the choose client fee template in Portal.

    A summary of the fee will populate below. Press Continue to save your changes.

    Select the Fee Strategy from the drop-down menu

    • Do Not Charge Fee's for Managing this Account - An advisor chooses not to charge his or her clients a fee for services rendered.

    • Charge Fee's for this Account Outside of IBKR - An advisor chooses to charge his or her clients a fee outside of IBKR.

    • Charge Fee's for Managing this Account - A calculated fee is automatically billed to the client's account with blanket client authorization. Be aware that Automatic Billing is subject to certain caps and limitations.

    Advisors can choose one of several client fee methods:

    • Annualized Percentage of Net Liquidation Value

    • Annualized Flat fee

    • Percentage of P&L

    • Fee Per Trade Unit

    • Invoicing

    For more information on configuring client fees click here.

  5. Review the invitation information and click Continue to save.

    Image of the invitation review in Portal.

  6. An email is sent to the client, inviting him or her to complete an account application electronically.

    Image of the advisor client invitation in portal.

  7. The client clicks Start Electronic Application and continues with the process of creating the account.

  8. Once the application has been completed the client will need to upload supporting documentation such as proof of ID and proof of address, sign the application electronically and submit the application for approval.

 

Additional Resources

Learn About Advisor Portal Client Applications at IBKR Campus

Visit the IBKR Advisor Portal Website