Need help finding a broker that has advisor accounts

Discussion in 'Retail Brokers' started by toofan, Oct 25, 2007.

  1. toofan


    I've been searching the Internet for several days to find a firm that will allow me to open an Investment Advisor account so that I can manage my clients' accounts.

    In my searches, I have only found two companies that have such setups, which are Interactive Brokers and MB Trading. I don't like IBs policies, such as holding funds for 40 days before allowing transfers between accounts (which is ridiculous), no interest payments on cash balances, and a relatively confusing trading platform. As for MB Trading, it doesn't seem to be recommended by people who have used them.

    So does anyone know of other brokers that will allow me to set up an Advisor account? Or are IB and MB the only ones out there? I would greatly appreciate any help.