Interactive Brokers enhances functionalities of Advisor Portal
Electronic trading major Interactive Brokers continues to enhance the capabilities of its Advisor Portal.
Streamlined ACH Creation Update
For Streamlined advisors, the brokerage has simplified the ACH creation verification. IBKR will conduct an automated, immediate review upon entry.
If the review is successful, the client will only need to consent using the Streamlined consent process.
If the review fails, the advisor will have the option to create two types of instructions:
- Withdrawal Only instruction. This instruction will become active immediately after the client confirms vie the Streamlined authorization flow.
- Deposits and withdrawals instruction. The advisor will be prompted to immediately upload a bank statement for the client.
The client will consent.
A ticket will be automatically created which will contain the document provided and can be used for communications.
Once the instruction is approved or rejected, the ticket will automatically be closed.
If a statement is required, once it has been supplied by the advisor, the request will be manually reviewed by IBKR.
Once the review is complete, the instruction will be available for use if approved.
Client Pending Items Enhancements
The brokerage has also released enhancements to the new Client Pending Items page on the advisor dashboard.
This change provides the following improvements:
- On the Client Pending Items page, the Portal will show all outstanding Docusign tasks which clients have (Application, Fee Approvals, Trust Certification and others that will be Docusign eligible).
- The advisor will have the ability to:
- Filter by the Docusign tasks.
- See the envelope details (status, when sent, the signers sent to).
- Resend an envelope. For applications, this will only resend the notification to those who have not yet signed. It will not void the current envelope and issue a new one. IBKR will expand this to all Docusign flows.
- Cancel an envelope.
In addition, the brokerage has added a new section to the Client Details -> Agenda page called Completed Docusign Documents. Here the advisor will be able download the client’s signed and completed Docusign packages.
