IBKR: converting a retail account to institutional

Discussion in 'Interactive Brokers' started by tonyf, Dec 4, 2021.

  1. tonyf

    tonyf

    You would be surprised how much I have learned here. Not to throw flowers at anyone, but I bet there are plenty of excellent ideas worth exploring that we should encourage readers to voice. I would certainly work on anything mentioned here as I know from experience that someone/others most certainly know more than me.
     
    #31     Dec 19, 2021
  2. tonyf

    tonyf

    Overall you are correct I would say. European and Swiss bankers are simply not allowed to give tax advice anymore. Tax is a very local thing and whatever adviser you end up talking with is biased toward the jurisdiction they know best. Holistic views are difficult and expensive to form if you are not Blackstone or KKR.
     
    #32     Dec 19, 2021
  3. Fxmove88

    Fxmove88

    You are probably some kind of brokers who try to promote his services. Private bankers know nothing about inheritance laws. They just love to make high fee structures that will pay them high commissions. They are out there to rip you off. I have dealt with some of them and many of private bankers are there to enrich themselves. Singapore is one such place as many cheating private bankers/wealth managers are based in.

    I have dealt with one of the cheaters from a Swiss bank before and I reported to the CEO in Switzerland and they refunded back the amount they cheated out of my accounts. All with proofs from Finra on the bonds they think I am completely clueless.
     
    Last edited: Dec 20, 2021
    #33     Dec 20, 2021
  4. newwurldmn

    newwurldmn

    ??

    There are people on this board who know who I am or know my story - including tonyf.

    if you have such vitriol towards bankers, great for you. I doubt your story is real but I don’t care either way.
     
    #34     Dec 20, 2021
  5. tonyf

    tonyf

    One thing he ain't is a broker. But I can relate with your experience to a certain extend.
     
    #35     Dec 20, 2021