Interactive Brokers Adds Retirement Planner into Portfolio Analyst

Interactive Brokers enhances its Portfolio Analyst with a new retirement planner for improved financial planning and goal tracking.

Key Points

• Interactive Brokers has integrated a new retirement planner into its Portfolio Analyst platform. The planner allows users to input financial data, set goals, and track retirement readiness.
• The firm reported strong Q2 2024 financials, with a 37% increase in diluted EPS, net operating revenue of $970 million, and a 23% year-over-year rise in net income to $1.230 billion.

Interactive Brokers will elevate its financial planning capabilities by integrating a new retirement planner into its Portfolio Analyst platform. This enhancement improves users’ retirement readiness by providing detailed insights into their financial data and goals.

The newly added retirement planner allows Interactive Brokers clients to input their specific financial data and evaluate if their cash flow aligns with their retirement objectives. Users can set personalized goals and monitor their progress, ensuring effective management of their financial resources.

Interactive Brokers Adds Retirement Planner into Portfolio Analyst

Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers, highlighted the tool’s comprehensive features. “Portfolio Analyst provides a clear and detailed overview of ‘Investment Position,’ showcasing users’ assets and holdings,” Sanders noted. He emphasized that the platform’s versatility makes it ideal for professional traders to track and analyze their portfolios efficiently.

The retirement planner integrates seamlessly into the Portfolio Analyst platform, which supports various account types, including brokerage, bank, and credit card accounts. It connects with over 15,000 financial institutions, allowing users to view all their assets and liabilities in one place.

The tool’s features include multi-custody solutions and customizable reporting options, displaying risk measures, benchmarks, and performance allocation. The addition of the retirement planner aligns with the Portfolio Analyst’s mission to provide advanced portfolio analysis for all users.

In related news, Interactive Brokers‘ financial performance for Q2 2024 has been impressive. The firm reported a 37% increase in diluted EPS and net operating revenue of $970 million and a 23% year-over-year increase in net revenue, totaling $1.230 billion.

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