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August 2017 - What's New in Advisor Rebalancing
The Securities and Exchange Commission recently amended the settlement cycle for many securities from T+3 to T+2, beginning September 5, 2017. This rule change includes equities and ETF transactions. Beginning before the start of business on September 5, we will update the default settlement period for these securities in Advisor Rebalancing From T+3 to T+2, in accordance with this rule change.
For more information on the change in the settlement cycle, see https://www.sec.gov/news/press-release/2017-68-0.