Specified Trades: Creating Targeted Orders without Rebalancing
If a security in a model has been replaced and you wish to swap that security without rebalancing the entire account, firms utilizing the Smartleaf integration can use Specified Trades to accomplish this.
Specified trades are a type of request that enable you to buy, sell, or trade a security to its target weight, without prompting additional trading of securities from the account’s holdings. In the presence of specified trades, Smartleaf aims to recommend few to no additional changes to the portfolio's holdings. As a result, Smartleaf may make recommendations that disregard pre-existing account settings.
- Navigate to Manage Clients > Rebalancing.
- Search for and open the account to change securities on.
- Click the Requests tab.
- On the far right, click Edit Requests.
- Expand the Specified Trades section.
- Create the order out:
- Enter the Ticker for the security that is being swapped out.
- Set Action to Sell to Target.
- Click Add to List.
- Create the order in:
- Enter the Ticker for the security that is being swapped in.
- Set Action to Buy to Target.
- Click Add to List.
- Click Save and Re-Analyze when finished.
Full feature details: Specified Trades PDF.
Related Articles
Creating New Documents
Creating a new document for a single Record from scratch may be started from a few different areas of AdvisorEngine CRM. If you wish to create and add a document for multiple Records simultaneously, see Creating Mass Letters. Go to the Document ...
Creating Mass Letters
Selecting Recipients and Launching the Correspondence Editor Navigate to the Records Workspace. Use the row checkboxes to select the Records you wish to communicate with. You can use Grid Features and Searches to create a recipient list, combined ...
Creating Mass Envelopes or Labels
Envelopes or Labels for multiple Records can be created as part of Creating Mass Letters in AdvisorEngine CRM, but the following process allows you to create Envelopes or Labels independent of any other communication. Navigate to the Records ...
Creating a New Opportunity
Opportunities can be created for an existing Contact or you can create a new Contact as part of the process of creating the Opportunity. Opportunities may involve new business/account opening or performing account activity on an existing account. To ...
Creating and Configuring Subtenants
The Subtenant feature allows for individual advisors or satellite firms to have their own Client Portals or Billing subsets within the Portfolio Manager. Subtenant-specific settings are managed under Run Business > Firm Profile, within the Firm, ...