Not sure if this has been discussed before. IB offers Friend & Family advisor setup. We can put both taxable and non-taxable account from self, family and friends all under advisor (trader) control. The F&F advisor can earn advisor fees, similar to hedge fund structure if the advisor desires. With this setup, the advisor can earn fees from the IRA accounts from family members. This could create a way to take money out of the IRA accounts to taxable (advisor) account. Personally I think this is all legal if the fee structure is common, not like 10% management fee etc. Advisor can also take fees of his own IRA account if the above is correct. What you think?