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The latest technology news in the wealth management sector from around the world.
Interactive Brokers
Nasdaq-listed Interactive
Brokers has launched Ask IBKR, an AI-powered tool that
delivers instant portfolio insights through natural language
queries.
Originating as a chatbot extension of PortfolioAnalyst –
Interactive Brokers’ free portfolio management solution – Ask
IBKR will expand its capabilities into new areas such as
fundamentals data, statements and reporting, corporate actions,
tax details, and more.
“With Ask IBKR, we’re introducing a natural language-based way
for investors to interact with their portfolio data,” Milan
Galik, chief executive at Interactive Brokers, said. “Instead of
navigating across screens, clients can simply ask, ‘What sector
am I underweight compared with the S&P 500?’ and get an
instant, visualised answer.”
Categories of queries include comparing performance against
benchmarks, identifying valuation changes over time, and
highlighting periods of outperformance or underperformance;
analysing sector exposure, comparing returns across asset
classes, and assessing performance by instrument type;
identifying top positions, reviewing geographic allocations, and
locating dividend-paying securities; and reviewing trade history,
monitoring interest and fees, and analysing cash inflows and
outflows.
Ask IBKR is available to individual clients via the firm’s Client
Portal platform, financial advisors through the Advisor Portal,
and all clients using IBKR Desktop, with further platform
integrations planned in the coming months, the firm added.
Earlier this year, WealthBriefingAsia spoke to
Interactive Brokers about its work in Singapore with external
asset managers.
