Interactive Brokers

I have a client who is using Interactive Brokers for dealing on overseas shares and cryptocurrency. It appears that BGL does not support IB data feeds in their wraps and platforms.
To read and understand the IB reports is a nightmare.
How are other people processing clients with investments in IB?

The Interactive Brokers reports were certainly a challenge to understand, and the way the reports are structured… definately needs a lot of improvement though they are not impossible to understand.

Couple of tips to understanding the reports:

On the first page of the Activity Summary, ignore the following figures - they are just a revaluation account,

  1. Mark-to-Market
  2. Change in Dividend Accruals
  3. Change in Interest Accruals
  4. Other FX Translations

It’s best to scroll down and look at the individual reports on interest, dividends, trading reports, etc - you reconcile it just like any Wrap account report really.

You will be able to reconcile with the Net Asset Value figures after inputting those figures.

Hope that helps.