AI Analysis

Log in to generate an AI summary for this stock.

Log in to generate a MOAT report for this stock.

Log in to generate an earnings report for this stock.

Log in to generate an operating leverage report for this stock.

Log in to generate a management report for this stock.

Log in to generate a valuation report for this stock.

Interactive Brokers Group, Inc.

$90.75 +$23.52 (+34.98%)
NASDAQ · 14 Sep 2026 20:00 UTC
Previous Close
$91.37
Day Range
$89.1$90.94
Year Range
$58.95$98.75
Market Cap
156.82B
AVG Volume
4.64M
Trailing/Forward PE
35.87/28.59
PEG ratio
2.05
Dividend Yield
0.37%
Next Earnings Date
2026-10-20
Primary Exchange
NASDAQUS
Revenue (USD)
01B2B3B24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
IBKR Revenue (USD) by quarter
PeriodRevenue (USD)
26 Q22.95B
26 Q12.7B
25 Q42.75B
25 Q32.7B
25 Q22.47B
25 Q12.31B
24 Q42.42B
24 Q32.4B
24 Q22.3B
24 Q12.2B
Net Income (USD)
0100M200M300M400M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
IBKR Net Income (USD) by quarter
PeriodNet Income (USD)
26 Q2312M
26 Q1267M
25 Q4284M
25 Q3263M
25 Q2224M
25 Q1213M
24 Q4217M
24 Q3184M
24 Q2179M
24 Q1175M
Operating Income (USD)
01B2B3B24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
IBKR Operating Income (USD) by quarter
PeriodOperating Income (USD)
26 Q22.55B
26 Q12.36B
25 Q42.41B
25 Q32.36B
25 Q22.09B
25 Q11.94B
24 Q42.08B
24 Q31.95B
24 Q21.95B
24 Q11.87B
EBITDA (USD)
01B2B3B24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
IBKR EBITDA (USD) by quarter
PeriodEBITDA (USD)
26 Q22.58B
26 Q12.36B
25 Q42.43B
25 Q32.47B
25 Q22.16B
25 Q12.03B
24 Q42.12B
24 Q32.02B
24 Q21.94B
24 Q11.91B
Cash Flows (USD)
02B4B6B8B24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
IBKR Cash Flows (USD) by quarter
PeriodCash Flows (USD)
26 Q26.2B
26 Q13.58B
25 Q41.59B
25 Q34.46B
25 Q27.12B
25 Q12.57B
24 Q41.82B
24 Q33.57B
24 Q21.61B
24 Q11.67B
EPS (USD)
00.20.40.60.824 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
IBKR EPS (USD) by quarter
PeriodEPS (USD)
26 Q20.69
26 Q10.59
25 Q40.63
25 Q30.59
25 Q20.51
25 Q10.49
24 Q40.5
24 Q30.42
24 Q20.41
24 Q10.4
Expenses (USD)
0100M200M300MSG&ACapex24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
IBKR Expenses (USD) by quarter
PeriodExpenses (USD)
26 Q2268M
26 Q194M
25 Q484M
25 Q388M
25 Q286M
25 Q188M
24 Q484M
24 Q3173M
24 Q273M
24 Q172M
Cash & Debt (USD)
050B100B150BCashLong Term DebtShort Term Debt24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
IBKR Cash & Debt (USD) by quarter
PeriodCash & Debt (USD)
26 Q2107.23B
26 Q15.08B
25 Q44.96B
25 Q35.13B
25 Q24.69B
25 Q13.5B
24 Q43.63B
24 Q33.6B
24 Q23.92B
24 Q14.06B
Debt ratios
-7.5-5-2.502.524 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
IBKR Debt ratios by quarter
PeriodDebt ratios
26 Q2-6.28
26 Q1-0.54
25 Q4-0.54
25 Q3-0.48
25 Q21.99
25 Q11.65
24 Q41.58
24 Q31.73
24 Q21.59
24 Q11.45
Margins
0%25%50%75%100%24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
IBKR Margins by quarter
PeriodMargins
26 Q295.19%
26 Q196.08%
25 Q491.12%
25 Q390.83%
25 Q288.7%
25 Q188.1%
24 Q489.55%
24 Q389.1%
24 Q288.66%
24 Q188.81%
Return on Capital
0%0.5%1%1.5%24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
IBKR Return on Capital by quarter
PeriodReturn on Capital
26 Q21.4%
26 Q11.26%
25 Q41.39%
25 Q31.35%
25 Q21.21%
25 Q11.22%
24 Q41.31%
24 Q31.15%
24 Q21.18%
24 Q11.19%
Shares Outstanding
0200M400M600M24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
IBKR Shares Outstanding by quarter
PeriodShares Outstanding
26 Q2447.9M
26 Q1445.45M
25 Q4445.37M
25 Q3444.06M
25 Q2438.46M
25 Q1432.45M
24 Q4435.54M
24 Q3435.03M
24 Q2430.88M
24 Q1428.28M
Dividends (USD)
00.030.050.080.1May 24Aug 24Nov 24Feb 25May 25Aug 25Dec 25Feb 26Jun 26Sep 26
IBKR Dividends (USD) by quarter
PeriodDividends (USD)
Sep 260.09
Jun 260.09
Feb 260.08
Dec 250.08
Aug 250.08
May 250.08
Feb 250.06
Nov 240.06
Aug 240.06
May 240.06
Employee Count
01K2K3K4K2016201720182019202020212022202320242025
IBKR Employee Count by quarter
PeriodEmployee Count
20253.18K
20243K
20232.93K
20222.82K
20212.57K
20202.03K
20191.64K
20181.41K
20171.23K
20161.2K
Book Value Per Share (USD)
020406024 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
IBKR Book Value Per Share (USD) by quarter
PeriodBook Value Per Share (USD)
26 Q249.68
26 Q147.73
25 Q445.97
25 Q343.87
25 Q242.23
25 Q140.43
24 Q438.11
24 Q336.79
24 Q235.24
24 Q134.23
Total Assets (USD)
0100B200B300B24 Q124 Q224 Q324 Q425 Q125 Q225 Q325 Q426 Q126 Q2
IBKR Total Assets (USD) by quarter
PeriodTotal Assets (USD)
26 Q2247.31B
26 Q1218.75B
25 Q4203.24B
25 Q3200.22B
25 Q2181.47B
25 Q1157.67B
24 Q4150.14B
24 Q3148.53B
24 Q2136.65B
24 Q1132.24B
PE Ratio
20304050med 32.56Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
IBKR PE Ratio by quarter
PeriodPE Ratio
Sep 2636.35
Sep 2636.84
Aug 2638.12
Aug 2637.34
Aug 2636.62
Aug 2634.94
Jul 2637.76
Jul 2639.37
Jul 2638.85
Jul 2640.38
Jul 2639.19
Jun 2638.55
Jun 2641.2
Jun 2638.97
Jun 2636.22
May 2637.32
May 2634.91
May 2637.34
May 2636.23
May 2636.42
Apr 2634.68
Apr 2636.98
Apr 2632.23
Apr 2630.66
Mar 2629.06
Mar 2629.63
Mar 2629.96
Mar 2630.19
Feb 2632.22
Feb 2636.03
Feb 2636.2
Feb 2636.12
Jan 2636.26
Jan 2637.57
Jan 2635.52
Jan 2634.13
Jan 2632.56
Dec 2532.04
Dec 2531.12
Dec 2531.06
Dec 2531.23
Nov 2531.49
Nov 2529.56
Nov 2531.98
Nov 2534.16
Oct 2536.81
Oct 2535.97
Oct 2534.65
Oct 2536.11
Oct 2536.81
Sep 2534.6
Sep 2534.02
Sep 2533.33
Sep 2531.48
Aug 2532.57
Aug 2532.65
Aug 2533.13
Aug 2534.49
Aug 2534.69
Jul 2535.72
Jul 2534.93
Jul 2531.96
Jul 2531.62
Jun 2529.43
Jun 2528
Jun 2527.56
Jun 2528.88
May 2528.59
May 2528.17
May 2528.52
May 2525.3
May 2526.18
Apr 2524.41
Apr 2523.01
Apr 2524.71
Apr 2521.07
Mar 2523.76
Mar 2525
Mar 2524.25
Mar 2527.71
Feb 2529.48
Feb 2534.08
Feb 2536.48
Feb 2536.02
Jan 2533.88
Jan 2534.12
Jan 2529.62
Jan 2528.86
Jan 2528.63
Dec 2427.89
Dec 2427.41
Dec 2427.97
Dec 2429.13
Nov 2429.77
Nov 2429.86
Nov 2428.08
Nov 2426.45
Nov 2423.96
Oct 2422.93
Oct 2423.19
Free Cash Flow Yield
30%40%50%60%med 46.44%Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
IBKR Free Cash Flow Yield by quarter
PeriodFree Cash Flow Yield
Sep 2638.69%
Sep 2638.17%
Aug 2636.89%
Aug 2637.66%
Aug 2638.4%
Aug 2640.25%
Jul 2642.76%
Jul 2641.02%
Jul 2641.56%
Jul 2639.99%
Jul 2641.2%
Jun 2641.89%
Jun 2639.2%
Jun 2641.44%
Jun 2644.58%
May 2643.26%
May 2646.25%
May 2643.25%
May 2644.57%
May 2643.93%
Apr 2646.14%
Apr 2643.26%
Apr 2649.64%
Apr 2652.18%
Mar 2655.06%
Mar 2653.99%
Mar 2653.41%
Mar 2653%
Feb 2649.66%
Feb 2648.37%
Feb 2648.14%
Feb 2648.25%
Jan 2648.06%
Jan 2646.39%
Jan 2649.05%
Jan 2651.07%
Jan 2653.53%
Dec 2554.39%
Dec 2556%
Dec 2556.1%
Dec 2555.79%
Nov 2555.35%
Nov 2558.95%
Nov 2554.5%
Nov 2551.02%
Oct 2548.9%
Oct 2550.05%
Oct 2551.95%
Oct 2549.86%
Oct 2548.9%
Sep 2552.04%
Sep 2552.91%
Sep 2554.02%
Sep 2557.2%
Aug 2555.28%
Aug 2555.14%
Aug 2554.35%
Aug 2552.21%
Aug 2534.8%
Jul 2533.79%
Jul 2534.56%
Jul 2537.77%
Jul 2538.18%
Jun 2541.02%
Jun 2543.11%
Jun 2543.8%
Jun 2541.79%
May 2542.23%
May 2542.85%
May 2542.33%
May 2547.7%
May 2543.88%
Apr 2547.06%
Apr 2549.94%
Apr 2546.49%
Apr 2554.54%
Mar 2548.37%
Mar 2545.96%
Mar 2547.39%
Mar 2541.46%
Feb 2538.98%
Feb 2538.73%
Feb 2536.18%
Feb 2536.64%
Jan 2538.95%
Jan 2538.68%
Jan 2544.56%
Jan 2545.74%
Jan 2546.1%
Dec 2447.32%
Dec 2448.15%
Dec 2447.19%
Dec 2445.3%
Nov 2444.33%
Nov 2444.2%
Nov 2447%
Nov 2449.9%
Nov 2455.07%
Oct 2457.56%
Oct 2456.92%
Price to Sales
12345med 2.9Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
IBKR Price to Sales by quarter
PeriodPrice to Sales
Sep 263.68
Sep 263.74
Aug 263.86
Aug 263.79
Aug 263.71
Aug 263.54
Jul 263.69
Jul 263.85
Jul 263.8
Jul 263.95
Jul 263.83
Jun 263.77
Jun 264.03
Jun 263.81
Jun 263.54
May 263.65
May 263.41
May 263.65
May 263.54
May 263.5
Apr 263.34
Apr 263.56
Apr 263.1
Apr 262.95
Mar 262.79
Mar 262.85
Mar 262.88
Mar 262.9
Feb 263.1
Feb 263.34
Feb 263.35
Feb 263.34
Jan 263.36
Jan 263.48
Jan 263.29
Jan 263.16
Jan 263.01
Dec 252.97
Dec 252.88
Dec 252.88
Dec 252.89
Nov 252.92
Nov 252.74
Nov 252.96
Nov 253.16
Oct 253.22
Oct 253.14
Oct 253.03
Oct 253.15
Oct 253.22
Sep 253.02
Sep 252.97
Sep 252.91
Sep 252.75
Aug 252.84
Aug 252.85
Aug 252.89
Aug 253.01
Aug 252.92
Jul 253
Jul 252.94
Jul 252.69
Jul 252.66
Jun 252.48
Jun 252.35
Jun 252.32
Jun 252.43
May 252.4
May 252.37
May 252.4
May 252.13
May 252.12
Apr 251.98
Apr 251.86
Apr 252
Apr 251.71
Mar 251.93
Mar 252.03
Mar 251.96
Mar 252.25
Feb 252.39
Feb 252.65
Feb 252.83
Feb 252.8
Jan 252.63
Jan 252.65
Jan 252.3
Jan 252.24
Jan 252.22
Dec 242.16
Dec 242.13
Dec 242.17
Dec 242.26
Nov 242.31
Nov 242.32
Nov 242.18
Nov 242.05
Nov 241.86
Oct 241.78
Oct 241.8
EV/EBITDA
-4-20246med 3.9Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
IBKR EV/EBITDA by quarter
PeriodEV/EBITDA
Sep 26-2.12
Sep 26-2.07
Aug 26-1.92
Aug 26-2.01
Aug 26-2.09
Aug 26-2.28
Jul 263.62
Jul 263.8
Jul 263.74
Jul 263.91
Jul 263.78
Jun 263.71
Jun 264
Jun 263.76
Jun 263.45
May 263.57
May 263.31
May 263.58
May 263.45
May 263.4
Apr 263.21
Apr 263.46
Apr 262.95
Apr 262.78
Mar 262.6
Mar 262.66
Mar 262.7
Mar 262.73
Feb 262.95
Feb 263.28
Feb 263.3
Feb 263.29
Jan 263.31
Jan 263.44
Jan 263.23
Jan 263.08
Jan 262.92
Dec 252.87
Dec 252.77
Dec 252.76
Dec 252.78
Nov 252.81
Nov 252.61
Nov 252.86
Nov 253.09
Oct 255.69
Oct 255.61
Oct 255.47
Oct 255.62
Oct 255.69
Sep 255.47
Sep 255.41
Sep 255.34
Sep 255.16
Aug 255.26
Aug 255.27
Aug 255.32
Aug 255.46
Aug 255.05
Jul 255.15
Jul 255.07
Jul 254.78
Jul 254.75
Jun 254.53
Jun 254.39
Jun 254.35
Jun 254.48
May 254.45
May 254.41
May 254.44
May 254.13
May 254.06
Apr 253.89
Apr 253.76
Apr 253.92
Apr 253.57
Mar 253.83
Mar 253.94
Mar 253.87
Mar 254.2
Feb 254.37
Feb 254.83
Feb 255.05
Feb 255
Jan 254.81
Jan 254.83
Jan 254.42
Jan 254.35
Jan 254.33
Dec 244.26
Dec 244.22
Dec 244.27
Dec 244.38
Nov 244.44
Nov 244.44
Nov 244.28
Nov 244.13
Nov 243.91
Oct 243.81
Oct 243.84
Price/Operating Cashflow
1.522.53med 2.14Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
IBKR Price/Operating Cashflow by quarter
PeriodPrice/Operating Cashflow
Sep 262.57
Sep 262.61
Aug 262.7
Aug 262.64
Aug 262.59
Aug 262.47
Jul 262.33
Jul 262.43
Jul 262.39
Jul 262.49
Jul 262.42
Jun 262.38
Jun 262.54
Jun 262.4
Jun 262.23
May 262.3
May 262.15
May 262.3
May 262.23
May 262.27
Apr 262.16
Apr 262.3
Apr 262.01
Apr 261.91
Mar 261.81
Mar 261.84
Mar 261.86
Mar 261.88
Feb 262.01
Feb 262.06
Feb 262.07
Feb 262.06
Jan 262.07
Jan 262.15
Jan 262.03
Jan 261.95
Jan 261.86
Dec 251.83
Dec 251.78
Dec 251.78
Dec 251.79
Nov 251.8
Nov 251.69
Nov 251.83
Nov 251.95
Oct 252.04
Oct 251.99
Oct 251.92
Oct 252
Oct 252.04
Sep 251.91
Sep 251.88
Sep 251.84
Sep 251.74
Aug 251.8
Aug 251.81
Aug 251.83
Aug 251.91
Aug 252.86
Jul 252.94
Jul 252.88
Jul 252.63
Jul 252.61
Jun 252.42
Jun 252.31
Jun 252.27
Jun 252.38
May 252.36
May 252.32
May 252.35
May 252.08
May 252.27
Apr 252.11
Apr 251.99
Apr 252.14
Apr 251.82
Mar 252.06
Mar 252.16
Mar 252.1
Mar 252.4
Feb 252.55
Feb 252.57
Feb 252.75
Feb 252.72
Jan 252.56
Jan 252.57
Jan 252.23
Jan 252.18
Jan 252.16
Dec 242.1
Dec 242.07
Dec 242.11
Dec 242.2
Nov 242.25
Nov 242.25
Nov 242.12
Nov 241.99
Nov 241.81
Oct 241.73
Oct 241.75
Price to Book
0.511.522.5med 1.49Dec 24Apr 25Jul 25Oct 25Feb 26May 26Sep 26
IBKR Price to Book by quarter
PeriodPrice to Book
Sep 261.84
Sep 261.86
Aug 261.93
Aug 261.89
Aug 261.85
Aug 261.77
Jul 261.84
Jul 261.92
Jul 261.9
Jul 261.97
Jul 261.91
Jun 261.88
Jun 262.01
Jun 261.9
Jun 261.77
May 261.82
May 261.7
May 261.82
May 261.77
May 261.75
Apr 261.67
Apr 261.78
Apr 261.55
Apr 261.47
Mar 261.4
Mar 261.42
Mar 261.44
Mar 261.45
Feb 261.55
Feb 261.7
Feb 261.7
Feb 261.7
Jan 261.71
Jan 261.77
Jan 261.67
Jan 261.61
Jan 261.53
Dec 251.51
Dec 251.46
Dec 251.46
Dec 251.47
Nov 251.48
Nov 251.39
Nov 251.51
Nov 251.61
Oct 251.67
Oct 251.63
Oct 251.57
Oct 251.63
Oct 251.67
Sep 251.57
Sep 251.54
Sep 251.51
Sep 251.42
Aug 251.47
Aug 251.48
Aug 251.5
Aug 251.56
Aug 251.57
Jul 251.62
Jul 251.58
Jul 251.45
Jul 251.43
Jun 251.33
Jun 251.27
Jun 251.25
Jun 251.31
May 251.3
May 251.28
May 251.29
May 251.15
May 251.19
Apr 251.11
Apr 251.05
Apr 251.12
Apr 250.96
Mar 251.08
Mar 251.14
Mar 251.1
Mar 251.26
Feb 251.34
Feb 251.49
Feb 251.59
Feb 251.57
Jan 251.48
Jan 251.49
Jan 251.29
Jan 251.26
Jan 251.25
Dec 241.22
Dec 241.2
Dec 241.22
Dec 241.27
Nov 241.3
Nov 241.3
Nov 241.22
Nov 241.15
Nov 241.05
Oct 241
Oct 241.01
Interactive Brokers Group, Inc.
IBKR
Stockpicker

Video analysis: IBKR

All videos

No video analysis for this stock yet. Request one from our team.

Your email is used only to follow up on this request. We do not add you to marketing lists. Privacy Policy

News: IBKR

Interactive Brokers Expands Global Footprint: Is IBKR Stock a Buy?

zacks.com · 14 Sep 2026

Interactive Brokers Expands Global Footprint: Is IBKR Stock a Buy?

Interactive Brokers Group IBKR continues to strengthen its position as one of the world's leading electronic brokerage platforms, backed by rapid account growth, expanding client assets and a widening international footprint. The company's technology-driven business model, broad product suite and ability to provide access to markets worldwide are helping it capitalize on increasing global participation in financial markets.

Interactive Brokers Offers What Robinhood And Schwab Simply Can't

seekingalpha.com · 9 Sep 2026

Interactive Brokers Offers What Robinhood And Schwab Simply Can't

Interactive Brokers stands out as a global financial operating system, not just another online broker benefiting from trading activity. IBKR delivered a 77% pre-tax margin in Q2 2026, far exceeding peers and highlighting operational efficiency. Q2 2026 results showed broad-based growth: net revenue up 28.1%, commission revenue up 30.4%, and net interest income up 22.9%.

Interactive Brokers Earns Interest on $182 Billion of Its Clients' Idle Cash. Will Anthropic's IPO Drain It?

fool.com · 7 Sep 2026

Interactive Brokers Earns Interest on $182 Billion of Its Clients' Idle Cash. Will Anthropic's IPO Drain It?

Uninvested client cash at Interactive Brokers reached $182.4 billion in June, 27% higher than a year earlier. Second-quarter commission revenue was a record $673 million, up 30%.

Interactive Brokers: Buy On Weakness, Not At The Highs

seekingalpha.com · 5 Sep 2026

Interactive Brokers: Buy On Weakness, Not At The Highs

Interactive Brokers is rated a Buy after pulling back about 7 to 10 percent from its all-time high, making an already strong compounder more reasonably priced. Second quarter results were strong, with record client equity, client cash, commissions, and net interest income all growing faster than most brokerage peers. The stock is not cheap, trading above its own five year average multiple and not the cheapest name versus Schwab or eToro on growth adjusted valuation.

Interactive Brokers Group, Inc. (IBKR) is a Great Momentum Stock: Should You Buy?

zacks.com · 4 Sep 2026

Interactive Brokers Group, Inc. (IBKR) is a Great Momentum Stock: Should You Buy?

Does Interactive Brokers Group, Inc. (IBKR) have what it takes to be a top stock pick for momentum investors? Let's find out.

Charles Schwab, Robinhood In Or Near Buy Zones But Interactive Brokers Triggers A Sell Signal

investors.com · 4 Sep 2026

Charles Schwab, Robinhood In Or Near Buy Zones But Interactive Brokers Triggers A Sell Signal

Charles Schwab stock, along with Robinhood Markets, Ameriprise and LPL Financial, are in or near buy zones in the ongoing stock market action.

Bullish EPS Revisions Back IBKR, SNDK, and ROKU

zacks.com · 3 Sep 2026

Bullish EPS Revisions Back IBKR, SNDK, and ROKU

For investors seeking stocks with improving earnings pictures, Interactive Brokers (IBKR), SanDisk (SNDK), and Roku (ROKU) all fit the bill. Each currently sports a Zacks Rank #1 (Strong Buy), reflecting bullish earnings pictures.

Robinhood Rallies 11% on Price Target Hikes, Webull Climbs 7%, Interactive Brokers Gains 4%

247wallst.com · 3 Sep 2026

Robinhood Rallies 11% on Price Target Hikes, Webull Climbs 7%, Interactive Brokers Gains 4%

Robinhood Markets (NASDAQ:HOOD | HOOD Price Prediction) stock is rallying 11% to $118.88 in Thursday trading as a series of bullish analyst calls reinforces the case that Robinhood is becoming more than a traditional retail brokerage.

Similar companies

Disclaimer: The historical data presented on this platform is provided by Financial Modeling Prep. Stock Picker is a platform for informational purposes only and does not provide financial advice. Users are encouraged to conduct their own research and consult with a qualified financial advisor before making investment decisions.