is it possible to de-link Financial Advisor?

Discussion in 'Interactive Brokers' started by iberostar, Jul 17, 2019.

  1. iberostar


    Is it possible to de-link your Interactive Broker account from your current Financial Advisor (or from your current Family Master account?)

    If yes, then how?

    For example: am dissatisfied with my current Advisor, then what are my options?
    I do not see in IB account settings a possibility to initiate a de-link from Advisor.

    Or are there some kind of application needed to be sent to IB?
  2. Robert Morse

    Robert Morse Sponsor

    Yes you can, but you will have to contact IB support to walk you through it.
    GregorySG9 likes this.
  3. tommcginnis


    Yes, with these sorts of architecture questions, IB is usually very helpful.
    Four factors that impact what happens next are:
    1) current market footprint: what assets, and in what markets, does the account currently hold?
    2) trading rights: what access did the client account have (with IB) to the markets?
    3) {minor issue} market info: does the account pay its own market data fees?
    4) {medium issue} 48-hour window: client-initiated changes usually require a 48-hour window to allow the FA orderly exits from positions.

    So, the footprint and trading rights issues are biggies: how does the account owner exit positions/markets where they may have been placed, without [attempting to] trade in markets/situations for which they are not 'qualified'?

    Absent current holdings issues, these cites will get you started {in reverse}:
    Last edited: Jul 18, 2019