It’s possible to configure Client Account Templates to streamline the process of sending application invites to prospective clients. By using templates, advisors can predefine account types, trading permissions, and trading objectives, which will be automatically applied to fully electronic application invites (IBKR Traders´Academy, s.f.).
1. Managing Client Account Templates
To manage templates, advisors need to click the Head & Shoulders icon in the upper right corner and select Settings. In the Client Settings section, they should select Client Account Templates (IBKR Traders´Academy, s.f.). Advisors can view an existing template by clicking the blue “i” Information icon next to the template name, modify it by selecting the Pencil edit icon, or delete it by clicking the blue “X.”
2. Creating a New Client Account Template
To create a new template, click the plus “+” sign on the Client Account Templates page. Enter a name for the template, then use the drop-down menus in the Account Details section to select the customer account type, base currency, and trading account type (cash, margin, or portfolio margin). Click Continue to proceed to the Trading Permissions page, where the advisor can specify investment products and market locations for trading. After selecting the desired products and locations, click Continue to define the client’s Financial Profile, including income, net worth, investment objectives, intended purpose for trading, and investment experience. Advisors can populate this information or allow clients to enter it themselves by skipping these sections. Next, on the Configure Client Fees page, advisors can specify their fee or markup schedule within the template. Once completed, clicking Continue allows advisors to review and finalize the template.
3. Applying a Client Account Template to an Application
To apply a template to an application, advisors return to the home page and select Add Account. On the next page, choose Fully Electronic application and click Continue. After entering the prospective client’s name and email address, select Yes to use a template, which will bring up a drop-down menu of the advisor’s pre-configured templates. After selecting the appropriate template, click Continue to review and send the application invite to the client (IBKR Traders´Academy, s.f.).