News By Tag
* Investment management
* More Industries...
News By Location
InTrust Advisors Changes Client Account Custodians to Interactive Brokers
InTrust Advisors announced it has changed client account custodians from Fidelity Investments to Interactive Brokers (“IB”).
According to Jeff Diercks, the Company's Managing Director, "we are excited about the move to Interactive Brokers. IB is one of the most widely used account custodians by institutions, hedge funds and active investment managers worldwide. Its superior trade execution and low commission costs will allow us to work with an expanded number of clients while still delivering value to these smaller account holders.”
Mr. Diercks went on to say “as trend followers we felt that execution and trading costs were important to our strategies and to our clients. Interactive Brokers was ranked #1 by Barron’s in its 2012 ranking of online brokers in terms of cost and as best for frequent traders. We feel we can now worry more about being in the right position and less about the commission cost to our clients.”
Wayne Corbitt, the Company’s other Managing Director added “we figure that our average client will realize net incremental performance of .40% per annum just from the reduced trading costs without sacrificing any trade execution advantage. For a client with a $100,000 account this could mean an additional $5,100 in investment value over a ten year period assuming just a 5% annual return on invested capital.”
Mr. Corbitt commented “the IB trading platform, group and model portfolio functions put us in a better position to manage our client’s account assets in this ever changing and volatile investment environment. We now feel like we have total control over our client’s accounts no matter where we are or what the market might bring and at a cost our clients won’t lose sleep over.”
About InTrust Advisors:
InTrust Advisors provides financial planning and comprehensive wealth management services to affluent and high net worth individuals with a niche focus on retirement and specialized planning for Christians. It is a specialist in investment strategies that attempt to adapt to differing market environments as well as more traditional investment strategies.
InTrust Advisors is located in Tampa. Florida. The Company can be reached at 813.253.2388 or via the web at www.intrustadvisors.com.
About Interactive Brokers Group:
Interactive Brokers Group, Inc., together with its subsidiaries, is an automated global electronic broker that specializes in catering to financial professionals by offering state-of-the-