Interactive Brokers Boosts Advisors with Model Portfolios in PortfolioAnalyst
Interactive Brokers has rolled out significant enhancements to its PortfolioAnalyst platform with Model Portfolios. It empowers advisors to streamline client investing. These updates introduce model portfolios and more.
New Model Portfolio Capabilities
Now, advisors can create Model Portfolios directly in PortfolioAnalyst to standardize and simplify investing strategies for clients. They get the ability to quickly run reports right from the Dashboard or Reports tab. They don’t need to interact with complex setups.
Revamped Sample Reports Page
The sample reports section received a major refresh for improved usability. Now, reports are organized by content type—such as performance, activity, and allocation—with more granular options and newly added sections. It allows for straightforward navigation.
Tax Planner Tool for Advisors
The new Tax Planner helps advisors estimate taxes on client account activities. Users select desired investment accounts, incorporate external taxable income sources, customize various tax rates, and view the total estimated tax alongside combined income sources.
About Interactive Brokers
Interactive Brokers (IB) is a global brokerage firm. It provides trading platforms to trade stocks, options, futures, forex, bonds, and funds. IB has low-cost trading, comprehensive market access, and decisive analytical tools. Also, it provides real-time pricing and risk management on trading floors. Recently, Interactive Brokers introduced a new options trading feature on its Trader Workstation (TWS).
Wrapping Up
Interactive Brokers improves advisor efficiency with these updates. Model portfolios and Tax Planner will benefit users of all experience levels. A game-changer for client strategies.
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