Advisors who use IB

Quote from VoodooMMI:

How do you make money then?
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Last message was posted long time ago, so things look little different now.

Typical fees for CTA program are management fee and incentive (off profit) fee. It is common that at the start CTA offers "zero deal" i.e. incentive fee only. Once your performance record grows you progressively turn into typical fee structure.
 
Quote from 88888888:

Any one?

Please share.
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I'm happy with IB's FA accounts. One small wish... The subaccount market data fees get charged to the master account. I wish there was the ability to allocate these back to the subaccount. Because you can't transfer funds from a subaccount to a master account we have to do a circuitous reimbursement outside of IB.

Good trading,
Aaron Schindler
Schindler Trading
 
Quote from Aaron:

I'm happy with IB's FA accounts. One small wish... The subaccount market data fees get charged to the master account. I wish there was the ability to allocate these back to the subaccount. Because you can't transfer funds from a subaccount to a master account we have to do a circuitous reimbursement outside of IB.

Good trading,
Aaron Schindler
Schindler Trading
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Aaron, good to hear from you back again.
 
Quote from traderaaa:

Are there any advisors, RIA or otherwise, here at ET who use Interactive Brokers.

Starting an advisory as a RIA and wondering if anyone had any experience with them.
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I use them for multiple clients on a professional basis, meaning no friends and family account.

The only downside is opening a sub-account. Count on it taking about 2 months. IB is overswamped and they do quite a few checks for the legality of the money.

Outside of that, brilliant...
 
Thanks, 88!

It's funny how it took a 43% gain in '09 to make back the 30% loss of '08! I'll be happy not to have a repeat of '08 anytime soon.
 
Aaron

re mkt data
just wondering y not have the sub a/c 's unsub from mkt data ?
after all ur/master's the only one taking the decisions
 
Quote from JACKASS:

Aaron

re mkt data
just wondering y not have the sub a/c 's unsub from mkt data ?
after all ur/master's the only one taking the decisions
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Because IB simply requires a master account to be funded with at least minimal dollars to cover any subscription fees for subaccounts. They own the sandbox and can make the rules as they see fit.

I suspect their reasoning is that they don't want to deal with having to collect subscription fees from every account, but only from the master account holder.
 
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