Divesting is the process of removing or reducing an existing investment in a model on behalf of one or more accounts. Positions are transferred from the model to Independent and then liquidated there. They are transferred out in the same proportion in which they are held in the model and such that they equal or very close to the requested divestment amount. Note: it is also possible to to transfer positions from the model to Independent and not liquidate them - see step 3 below.
To divest from a model, follow the steps below:
- Select accounts. The account selector is used to select which client accounts will be divesting.
- Choose divestment amounts. The table shows the existing investment. You fill in the divestment amount for each account and review the expected total at the end. If you wish to divest completely then click the 'Divest All' button and it will fill in the divestment amount for you.
- Decide if any Advanced Order Settings are needed. They are:
- Do not liquidate transferred positions in Independent: Check this to not liquidate the positions after transferring out of the model.
- Keep model open for fully divested accounts: Check this to keep the model open even if there are no client accounts invested in it.
- Once ready, click 'Draft Orders' to:
- review the transfers
- submit the draft orders.