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Portfolio Review
Tamarac Advisor automates the process of portfolio review, allowing you to maintain continuous monitoring on your clients' accounts, required of all fiduciaries. Using Tamarac you can easily search through all your accounts using a variety of criteria to quickly find the accounts and/or households that require trading or maintenance.
For example, Tamarac can search for accounts:
- Outside of allowed deviation from target allocations
- Holding too little cash
- Holding too much cash
- In violation of any restrictions
- Tied to a particular model
- Holding, or not holding, a particular security
- Tax-loss harvesting opportunities
Once you have identified the accounts and/or households that need attention, you can easily review many aspects of the account in our application.
Some of the best-practices we see from our clients regarding Portfolio Review are:
Investment Policy Statement:
- Ensure the portfolio is being maintained in accordance with the Investment Policy Statement
Model and investment strategy review ensures the account is:
- Tied to the correct model
- Holding your preferred securities
- Correctly handling legacy positions
- Within your allowable tolerance range
- Diversified at the asset class and security levels
Account level review ensures the account is:
- Adhering to all necessary restrictions
- Meeting its cash level requirements
- Meeting its tax requirements, such as:
- The asset location is appropriate for the household
- Taxable gains are within requirements
- Tax loss harvesting to offset gains
- Utilizing appropriate min-trade size settings to offset fees
- Being documented in accordance with Fiduciary Standards of Care.
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