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Add Label (Asset Location)

When setting asset location preferences, Add Label lets you create new labels—for example, Taxable, Tax Exempt, Roth IRA, or any other labels that are meaningful to you—that you'll attach to your accounts. These labels are a way for you to identify the types of accounts and let you decide which accounts will get priority over others in a group. The higher the priority, the fewer recommended trades that particular account will receive.

To create a new label, type the label you want to use and then click Add Label.

Once you've created your labels, you can assign them to individual accounts using the Asset Location Preference setting in individual accounts.

For more information on using labels to set account priorities, see Asset Location Settings: Asset Location Preference.

For more detailed information on asset location, see Set Account Priorities and Set Model Priorities.