No ringing round
One idea reaches every client at once by email and SMS. Clients reply when it suits them, instead of you calling each one.
Advice automation
Spend less time placing trades and calling clients. Pick the product, and the idea goes to every client by email and SMS, sized to the instruction each client has given you. Each client replies to authorise it, and the order is automatically placed at Interactive Brokers. Edit multiple orders with one click.
- Products
- Any share, option or future within MFAM's licence
- Broker
- Interactive Brokers
- Authorisation
- Client reply by email or SMS
- Advice
- General advice only
From idea to order
- 1
Pick the product
Search for any share, option or future within MFAM's licence.
- 2
Pre-agreed size
Each client's size comes from their own instruction: a percent of the account, a dollar amount, or a maximum risk.
- 3
Idea goes out
Sent to each client by email and SMS.
- 4
Client authorises
The client replies to the email or SMS to authorise the trade, or to decline it.
- 5
Order placed
The order goes to Interactive Brokers.
What it takes off your desk
No order entry
Each authorised order is sized and placed for you, so the same trade is never typed into twenty accounts.
Every client sized to their instruction
Each client sets their size up front by percent, dollar amount or maximum risk, and the system calculates it for every trade.
Authorisations on record
Every reply is stored against the trade as the authorisation record.
Any share, option or future within MFAM's licence
Shares, options and futures
Search or pick from a list. Anything within MFAM's licence can go into an idea.
Spreads as one order
Every leg goes in as one order, so the legs fill together.
Shares and spreads, priced within a range
A price range up front
The idea gives a range, for example buy the shares between $4.80 and $5.00, or sell the spread for 20 to 25 points. The client authorises that range.
Placed on authorisation
Each authorised order goes in at the trade's current limit, starting at the best price in the range for the client.
One price for every client
The adviser watches the live bid and ask and moves the limit up or down within the range. One change updates every open order in the trade.
First yes, first in
Orders are placed and updated in the order clients authorised them.
Three ways a client can set their size
Percent of the account
A set percent of the client's account on each trade.
Dollar amount
For example a $20,000 position. The system works out the shares or contracts.
Maximum risk
For example a $20,000 maximum loss on a spread. The system works out the contracts.
Order types
At the open
Market or limit on open, into the opening auction where volume is deepest.
At the close
Market or limit on close, into the closing auction.
Limit
Your price or better during the day. Set it through the market to fill straight away.
The client stays in control
This is general advice, and each client authorises every trade in their account.
- Authorised by reply to email or SMS
- Auction or limit price on every order
- Placed at Interactive Brokers
Put your ideas through it
Tell us what you advise on and Henry will call you.
Book a call with Henry
General advice only. It does not take into account your objectives, financial situation or needs. Read our Financial Services Guide.