Rebalancing Portfolios
With TRADE you can simplify your manual portfolio rebalances down to a few mouse clicks. Everytime you click TRADE from the Rebalance page you will be adding to an New Order. Once you are done with rebalances, you will see all the orders in the TRADE "order batch" and be able to make modifications (such as aggregating orders and changing order types) before sending them to your broker with one click.
Below is a "before and after" of a typical rebalance:
Without TRADE
  • Perform a rebalance on every live portfolio, and commit recommendations to P123
  • Write down the recommendations
  • Manually aggregate duplicates to create single orders
  • Logon on to your broker
  • Enter each trade, each time specifying order parameters
  • Wait for order fills
  • Update each P123 transactions using actual fill data
  • Delete/update any P123 transactions that were not filled
With TRADE
  • Perform a rebalance on every live portfolio, and click TRADE to build an New Order
  • Aggregate duplicates with one click
  • Click "Send Order"
Example
To rebalance a portfolio with TRADE click on Rebalance as usual. Below is the Rebalance output for a portfolio called "MyGARP". Now click on TRADE.
A TRADE window pops up where you can specify which account to use and the default Order Type. You will be able to change order settings before you send them to your broker. Click on "Add to New Order"
You will be redirected to the "Add New Order" page in TRADE. These orders are stored while you are logged in, so you can now go to another portfolio, for example one called "Diversified", and repeat the Rebalance steps. When you add the new recommendations, your TRADE "New Order" will look like this
You can see there are 6 orders in the "basket", 4 are from the portfolio "MyGARP" and 2 are from the portfolio "Diversified". You can also manually add additional orders by clicking on the [+]. To review orders one more time lick on "Review and Submit Order" then submit them to your broker. Once the orders execute TRADE will update your portfolios using actual fill data.