Interactive Brokers

Interactive Brokers

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Business head: Andrea Nagy

No. clients: 2909

AUC: $10,800

Min. assets: None

iinteractivebrokers.com

In the News

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,...

What's in a name? For TCA by ETrade, everything

August 18, 2018 - Has Trust Company of America hitched its wagon to a star or turned its back on loyal clients? It depends on whom you ask. Either way, the $275 million acquisition in April of TCA by discount broker ETrade has the custodian world buzzing. In one corner...

Bitcoin futures debut with 26% rally

December 11, 2017 - Bitcoin has landed on Wall Street. Futures on the world's most popular cryptocurrency surged as much as 26 percent in their debut session on Cboe Global Markets Inc.'s exchange, triggering two temporary trading halts designed to calm the market. Initial...

Top clearing and custody firms for financial advisers

August 7, 2017 - CLEARING FIRMS Listed by reported number of broker-dealer clients Firm Phone/website # of clients % change vs. 2016 Contact Phone/email Pershing (800) 445-4467 714* -3.90% Michael Row (800) 445-4467 One Pershing Plaza, Jersey City, NJ 07399 pershing.com/who-we-serve/broker-dealers...

2016 custodians and clearing firms ranking

August 11, 2016 - Clearing Firms listed by number of broker-dealer clients Firm Website # of clients % change vs. 2015 Contact Phone Email Pershing LLC www.pershing.com/who-we-serve/broker-dealers 743 -3.80% Michael Row (800) 445-4467 pershing.com/contact/ RBC Correspondent...

Fintech M&A climbs to $4B in 2015, data analytics may drive more deals in 2016

December 9, 2015 - Financial adviser technology M&A activity totaled nearly $4 billion in 2015, led by SS&C's blockbuster acquisition of Advent and marked by smaller deals for services ranging from financial planning software to robo-advising. Next year, advisers should...

Custodians and clearing firms ranked by number of clients

August 9, 2015 - Custodians ranked by number of RIA custody clients Firm Website Head of RIA custody business 2015 # of clients % change vs. 2014 Assets under custody ($M) % change vs. 2014 Minimum assets of advisers Schwab Advisor Services http://www.advisorservices.schwab.com...

Computer glitch halts trading on the New York Stock Exchange

July 8, 2015 - Investors were forced to steer orders away from the New York Stock Exchange as the biggest U.S. share venue halted trading to fix a computer malfunction. The suspension, announced to securities firms through notices on the NYSE website around 11:32 a.m.,...

Breaking down the best robos for your practice

June 25, 2015 - There's a lot to consider when managing a financial advisory practice, but one of the more ever-present components of the business these days is whether to offer an automated online investment platform. Robo-proofing a practice is one of the more obvious...

    Notes
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