Interactive Brokers (IBKR) partners with multiple prominent financial institutions to provide custody services for client assets, rather than relying on a single bank.
Interactive Brokers' Custody Bank Partners
Interactive Brokers strategically utilizes several reputable banks to act as custody banks. These institutions are responsible for holding and safeguarding client securities and cash, ensuring they are kept separate from the firm's operational funds. This segregation is a critical measure for client asset protection within the financial industry.
Currently, Interactive Brokers is integrated with the following custody banks:
| Custody Bank | Role in Interactive Brokers' Operations |
|---|---|
| Bank of New York | Serves as a primary custody provider, holding client securities and cash. |
| Brown Brothers Harriman | Functions as a custody bank, ensuring the secure holding of client assets. |
| Fifth Third Bank | Acts as a custody bank for various client holdings within the IBKR system. |
This multi-bank approach enhances the security and resilience of asset custody for Interactive Brokers' clients. For more detailed information regarding custody accounts, you can visit the official Interactive Brokers Custody Accounts page.
