Is there a broker that can???

Swan,

You need the firms that allow this to comment. I can tell you IB does not allow post trade allocations for exactly the reason you describe. If it's allowed, cherry picking between winners and losers will occur.

Sal
 
The web link you point to has nothing to do with our FA offering or this conversation. It's a service for entities who execute at IB and give up to other clearing firms. Not IB adviser accounts. For the account structure we are discussing, IB does not allow post trade allocations for the reason I described in my last post.

Customers of an IB adviser can know we protect them from their adviser doing what is described by not allowing the practice of post trade allocations. These are facts. If you allow it, please feel free to explain how you discourage the cherry picking posters are asking about. There is no point searching IB's web site.
 
Quote from easymoney85:

I'm looking to set up a Master Trading account linked to about 10 sub accounts.

I want to be able to place trades that hit all 10 accounts evenly instead of having to manage all 10 accounts separately.

Also each sub account would have their own Tax ID and be taxed separatly from the master account.

Can this be done... if so which broker or software?

Any suggestions are welcome.

thanks,

R
More...

You can do it with thinkorswim also. Not sure if there is a limit less than 10 but i have my trades split between 3 accounts sometimes.

-gariki
 
Open ECry has a nice block function too. Found this on the site w/ a search: http://www.openecry.com/software/AllocationBlock_PPT.cfm


http://www.openecry.com/education-center/faqs.cfm
Collapse Can I enter block trades on the Open E Cry trading software?

Yes. OEC Trader allows CTAs and professional trade managers to create block allocations. Trade directly into the block account and your trades are automatically allocated based on your defined rules. Done in real time, there's no back office support or administration needed. Rely on our proper controls, tracking and detailed reporting. Focus on trading, not reconciling out trades. For more information, visit: http://www.openecry.com/software/softwarehighlights_allocationblock.cfm
 
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