# Interactive Advisers, Interactive Advisors

> Interactive Advisers, Interactive Advisors is an SEC-registered investment advisory firm in London, United Kingdom, registered since 2008, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 24, 2026.

- CRD: 145694
- Filed as: INTERACTIVE ADVISERS, INTERACTIVE ADVISORS
- Legal name: Covestor Ltd
- Also doing business as: IB ASSET MANAGEMENT, IBKR ASSET MANAGEMENT, INTERACTIVE ADVISERS, INTERACTIVE ADVISORS, INTERACTIVE BROKERS ASSET MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: London, United Kingdom
- Filing period: October 2026
- Form ADV filing dated: March 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/145694
- AdvisorCensus page: https://advisorcensus.com/firm/interactive-advisers-interactive-advisors-london-145694

## Quick answers

**How is Interactive Advisers, Interactive Advisors compensated?**
On its Form ADV (Item 5.E, October 2026), Interactive Advisers, Interactive Advisors reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Interactive Advisers, Interactive Advisors located?**
Interactive Advisers, Interactive Advisors' principal office is in London, United Kingdom, according to its Form ADV.

**Is Interactive Advisers, Interactive Advisors registered with the SEC or a state?**
Interactive Advisers, Interactive Advisors is an SEC-registered investment advisory firm, registered since 2008. Status as filed: Approved. CRD 145694.

**How much does Interactive Advisers, Interactive Advisors manage?**
Interactive Advisers, Interactive Advisors reports $195,843,352 in regulatory assets under management in its Form ADV filing dated March 24, 2026 (100% discretionary).

**How have Interactive Advisers, Interactive Advisors' assets and staff changed since 2021?**
In the Form ADV data for Interactive Advisers, Interactive Advisors: Regulatory assets under management: $118,607,529 in the October 2021 data and $195,843,352 in the October 2026 data, up 65%. Total employees: 16 in October 2021 and 17 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Interactive Advisers, Interactive Advisors serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (3,367); high net worth individuals (65); corporations or other businesses not listed above (34).

**Which custodians does Interactive Advisers, Interactive Advisors use?**
Interactive Advisers, Interactive Advisors' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Interactive Brokers LLC (affiliated with the firm) as a custodian holding 10% or more of its separately managed account assets.

**Does Interactive Advisers, Interactive Advisors report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/145694

**What changed in Interactive Advisers, Interactive Advisors' recent Form ADV filings?**
In the April 2026 filing data: No longer lists an office in Boston, MA.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- Interactive Brokers LLC (affiliated with the firm)

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $195,843,352
- Discretionary: $195,843,352
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 3,367 | $24,835,814 |
| High net worth individuals | 65 | $124,625,104 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $45,720,879 |
| Corporations or other businesses not listed above | 34 | $661,555 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2008 (18 years)
- Employees: 17 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, NC, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- interactiveadvisors.com
- interactivebrokers.com/en/home.php
- interactivebrokers.com/en/index.php
- investing.interactiveadvisors.com
- Facebook @interactiveadvisors
- Instagram @interactiveadvisors
- LinkedIn @interactiveadvisors
- X @ia_updates
- YouTube @InteractiveAdvisors

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $118,607,529 | 16 | August 27, 2021 |
| October 2022 | $152,099,476 | 18 | February 25, 2022 |
| October 2023 | $135,022,733 | 17 | March 17, 2023 |
| October 2024 | $153,222,514 | 17 | February 23, 2024 |
| October 2025 | $168,480,731 | 17 | March 31, 2025 |
| October 2026 | $195,843,352 | 17 | March 24, 2026 |

Regulatory assets under management: $118,607,529 in the October 2021 data and $195,843,352 in the October 2026 data, up 65%.
Total employees: 16 in October 2021 and 17 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- No longer lists an office in Boston, MA.

### March 2026
- Regulatory assets under management went from $168,480,731 to $195,843,352 (+16%).

### December 2025
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Interactive Advisers, Interactive Advisors (CRD 145694): Form ADV filing data as of October 2026.