The Rebalance page in the Advisor Portal lists all independent positions in a tabular form. Positions in non-base currency are also displayed. Any model investments are excluded from the rebalance as they are managed separately. The table shows the following details:
- There is a row for all cash holdings at the top, followed by one row each for each instrument.
- Each row displays the currency, last price, market value and the current actual allocation percentage. The current actual allocation percentage is the weighted average for the selected accounts.
- The Total Cash row shows a clear split of cash across all currencies in that account.
- For accounts comprising non-stocks (e.g. ETFs, options etc), a Deliverable Value (DLV) is shown and it is different from the Market Value (MV). DLV is a combination of position, market value, multiplier etc, after considering expiry dates.
- The Add-position function can be used to add nearly any missing instrument which we support e.g. stocks, options, bonds (except municipal bonds).
There is a target percentage field that allows you to set targets towards a rebalance. When setting a target for each position, note that:
- The lock icon can be used to prevent any further changes to its target.
- The ‘Clear’, ‘Rescale 100%’ and ‘Set to Actual %’ buttons will act on all unlocked targets.
- More than one target can be locked at any time.
- A very small target value may not result in an order.
Once you click the Preview Order Quantities button, a second table will show you one or two rows per instrument (one for each of buy and sell) and the accounts that will be allocated to in each order, alongside other attributes like the currency, last price, total quantity, change and total value. You can go back and make changes before creating the draft orders.