Interactive Brokers Enhances Advisor Portal with Advanced Tools

Interactive Brokers enhances its Advisor Portal with advanced tools, including AI-powered commentary and portfolio management features.

Key Points:

• Interactive Brokers added key features like Portfolio View, Allocation Order, and Tax Loss Harvesting to its web-based Advisor Portal for better portfolio management.
• U.S. advisors can now use an AI tool to generate custom portfolio reports and market commentary quickly.

Interactive Brokers Group Inc. (NASDAQ: IBKR) has introduced significant updates to its web-based Advisor Portal, designed to provide financial advisors worldwide with advanced trading and portfolio management tools. So,these improvements incorporate features from the company’s renowned desktop platform into the portal, offering a more comprehensive and efficient experience for advisors managing client accounts.

The new tools aim to streamline the management of client portfolios while ensuring that advisors have access to cutting-edge resources that can enhance both performance and client satisfaction. Notable additions to the portal include the Portfolio View, Allocation Order, Rebalance, and Tax Loss Harvesting tools. These features will also give advisors more control and flexibility in managing client accounts.

Key Enhancements to the Advisor Portal

The updated Advisor Portal integrates several powerful features previously available only on Interactive Brokers‘ desktop platform, expanding the functionality of the web-based offering:

• Portfolio View: This feature provides a comprehensive overview of client account performance, allowing advisors to drill down into individual positions and accounts. Advisors can view values in either the native currency of the security or account or their master base currency.
• Allocation Order: This tool also enables advisors to distribute a single stock order across multiple client accounts, with the option to customize the allocation or use one of 14 pre-set allocation algorithms.
• Rebalance: Advisors can adjust multiple positions across client accounts according to target allocation percentages, making it easier to manage client portfolios based on market changes or evolving investment strategies.
• Models: The new Models feature allows advisors to manage various portfolio strategies and invest client accounts in a scalable way. Furthermore, advisors can define their target positions, and the tool will automatically generate orders to align client accounts with those targets.
• Tax Loss Harvesting: This tool scans client accounts for tax loss harvesting opportunities based on U.S. tax laws, helping advisors find losses at the position or lot level and identify short- or long-term capital losses.

Interactive Brokers Enhances Advisor Portal with Advanced Tools

Additionally, U.S.-based advisors now have access to the AI Commentary Generator, a generative AI tool that helps streamline the creation of custom portfolio performance reports and market commentary. Moreover, by automating the research process, the AI Commentary Generator allows advisors to focus more on client relationships and less on time-consuming analysis. The tool quickly analyzes dozens of information sources and cites them, generating reports in seconds that would otherwise take hours.

The AI Commentary Generator provides advisors with four key sections of content:

• Portfolio Summary: Summarizes the performance of the top and bottom holdings and the highest-concentrated positions in the selected client account.
• Portfolio News and Trends: Gathers and summarizes news related to the holdings identified in the Portfolio Summary.
• Macro Update: Summarizes content from key Federal Reserve reports, including the Beige Book and Federal Open Market Committee (FOMC) meeting notes.
• Economic and Market Outlook: Offers a comprehensive summary of market news and trends sourced from public information.

“Our web-based Advisor Portal is now more powerful than ever,” said Steve Sanders, Executive Vice President of Marketing and Product Development at Interactive Brokers. “We’re empowering advisors with industry-leading tools like the AI-powered Commentary Generator, which helps them save time and deliver more value to their clients.”

Other Features of the Advisor Portal

Along with these advanced trading and portfolio management tools, Interactive Brokers offers financial advisors a host of additional features at no charge, including:

• PortfolioAnalyst®: A client relationship management (CRM) dashboard for consolidated client account management.
• QuickTrade: A fast and efficient tool for executing trades.
• Investors’ Marketplace: A marketplace for accessing third-party services and products.

The Advisor Portal allows financial advisors to access all these features through a web-based platform, offering a holistic view of client portfolios and financial resources without proprietary software.

Interactive Brokers is excited about the early response to the AI Commentary Generator in the U.S. and plans to roll it out globally shortly. “We’re always looking for new ways to apply innovation and automation to help advisors work more efficiently and stay more engaged with their clients,” added Sanders.

As Interactive Brokers continues to expand the capabilities of its Advisor Portal, the company remains dedicated to providing financial advisors with powerful tools to optimize client portfolios and deliver exceptional service in an increasingly competitive marketplace.

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