- small subset (several thousand) of Scottrade's customers that use complex option trades now will have their accounts essentially at IB - IB bought Covestor for undisclosed sum. Some examples about fee arrangements on covestor mentioned. A manager can set his commission structure up to 1.25pc per year base fee, 10pc performance fee - TP says more features and IB marketplace development on the way that "will take your breath away" - of course some talk about CHF, but that's old news now Interactive Brokers Group, Inc. (IBKR) CEO Thomas Peterffy on Q1 2015 Results - Earnings Call Transcript $IBKR http://www.seekingalpha.com/article/3088516
That says it all, doesn't it? Personally I only heard about it indirectly, mentioned in one of their webinars. lmgtfy.com? You Sir, just made my day!