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Duration: 3:22

Instructor:

Contributor: Interactive Brokers

Level: Beginner

This lesson will show you how to invite a prospect to open an account using the Advisor Portal. Learn about the two methods for completing a client application; fully and semi-electronic.

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Study Notes:

Sending Application Invites

Log in to the Advisor Portal and open the Contacts Tab.

Click on the “i” icon for a prospect, then locate the icons above the search.

Next to the Add Contact icon is the Send Application Invite icon.

Or, you can go back to the main page and locate the icons at the top right and click send an invite.

See that Interactive Brokers offers two methods for completing a client application:

  • Fully Electronic
  • Semi-electronic

For fully electronic, you send an email invitation to the prospect, and the prospect completes an electronic application.

For the semi-electronic application, you as the Advisor complete the application, print, and send to the prospect for signature and return. The application may then be sent to Interactive Brokers for processing.

Fully Electronic Application

Enter the client name and email address, then click Continue.

Next you may use a Fee Template.

If you have previously configured a template and wish to use it, click Yes.

If you click Yes, you may select from one of the templates in the dropdown menu.

Or if you wish to configure manually, select NO and then Continue.

Here you may determine a Fee Strategy from the dropdown menu.

Here, should you select to charge fees for managing this account, you will be offered five alternative methods.

More on this when we review the Using templates and setting client fees lesson.

The Other Client Expenses area allows you to determine how expenses such as commissions, minimum monthly fees, market data and research fees are charged.

After you make those choices and click Continue, review the invitation before sending by clicking the Continue button.

Then you will see a message confirming that the invitation was sent successfully to the email address entered.

Semi-Electronic Application

If you want to send a semi-electronic application to the prospect, click OK to return to the Contacts page.

Click the Send Invitation icon once again, but this time select the semi-electronic application button.

This time, you will go through the online application form where you must enter client type and other information before it can be printed to send to the applicant for verification and document signature.

Use the Advisor Portal dashboard to view client status & recent activity for the past five days for all client accounts. Pending items can include funding, account opening or closing-related activities, transfers and other types of client account activities.

Disclosure: Interactive Brokers

The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IBKR to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

Supporting documentation for any claims and statistical information will be provided upon request.

Any stock, options or futures symbols displayed are for illustrative purposes only and are not intended to portray recommendations.

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