With the addition of many sophisticated tools, Interactive Broker's new and improved Portal now can be enjoyed by clients and advisors.

Interactive Brokers further enhances its Portal for individual clients and advisors with the addition of Account Query tools, including Fee Configuration, IRA Contributions, and Minimum Distribution Required.

Additionally, Households can now be created separately from Groups. Household is a group with members who share the same residential address. Household has an additional feature that allows the client to specify the head of the household who has special permission to perform statements and other limited functions. On top of that, Groups can be made private, which can only be accessed and edited by their creators.

In addition, with the Advisory Portal, the broker clients are able to store and view information about all their contacts, prospects, former clients, and other personal and professional relationships. Each record is considered a "contact" where the user can define a contact as a specific type.

Clients can create and save emails, notes, tasks, and documents for each contact, as well as send bulk emails to multiple contacts and organize contacts into groups. No need to worry because the company doesn't store or have access to client emails, notes, and tasks as they are all stored on Rackspace, a third-party cloud management solution provider.

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Enhancement of TWS Platform

In addition to upgrading Portal, Interactive Brokers also improved the Trader Workstation (TWS) platform to make the activities of advisors and API users easier. The Reallocation Tool (used to allocate money between group or account models) can now be opened in the Mosaic layout from the New Window menu > Portfolio Tools. So now, clients can view the Reallocation tool and portfolio in the same window.