Interactive Brokers

Interactive Brokers


Business head: Andrea Nagy

No. clients: 2909

AUC: $10,800

Min. assets: None

In the News

Fiserv sells majority stake in its investment services business for $510 million

December 5, 2019 - Fiserv is selling 60% of its investment services business, which builds technology for the wealth and asset management industry, to private-equity firm Motive Partners for $510 million. Founded in 1979 as Security APL, the investment services division...

Fall conferences shine light on the state of the profession

November 25, 2019 - I doubt any advisers failed to notice all the buzz in September and October as the conference season came to a close. While advisers often walk away with a myriad of new ideas and insights to apply to their firms, I'd like to point out some of the intangible...

Schwab plan to purchase TD Ameritrade will be boon to fortunes of both companies

November 21, 2019 - Charles Schwab Corp.'s plan to buy TD Ameritrade Holding Corp. for $26 billion is proving a boon for the fortunes anchored by two of America's biggest brokerages. [More: Charles Schwab to buy TD Ameritrade for $26 billion, reports say] TD Ameritrade founder...

Schwab risks blowing up the brokerage model it built

October 2, 2019 - Not too long ago, Charles Schwab Corp. helped to usher in the golden age of low-cost, online stock trading. Now, the brokerage may help to kill off the fee-based business model altogether. On Tuesday, Schwab said it will eliminate commissions on trades...

Christina Townsend of Pershing shares vision for RIA technology

February 12, 2019 - BNY Mellon's Pershing is changing the way it works with registered investment advisers. In the second year of a $50 million investment towards its RIA custody business, the firm is focusing on human talent and providing "adviser-led experiences." Leading...

Marstone integrates robo-advice with Interactive Brokers' custody and clearing platform

January 9, 2019 - Marstone, a white-label digital advice provider, is now fully integrated with Interactive Brokers Group's custody and clearing platform to provide advisers with a "turnkey wealth management solution." Financial institutions working with Interactive Brokers...

HSBC launching robo-adviser to expand wealth management footprint

October 17, 2018 - HSBC Bank USA is turning toward digital advice to expand its wealth management footprint beyond its branch offices. The bank will begin a pilot program of HSBC Wealth Track, a direct-to-consumer robo-adviser, in November before a public rollout in 2019....

Finra fines Interactive Brokers $5.5 million for short-sale violations

August 20, 2018 - The Financial Industry Regulatory Authority Inc. has fined Interactive Brokers $5.5 million for violating short-sale rule violations and for supervisory failures between 2012 and 2015 in connection with short sales. During that period, according to Finra,...

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