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Create, Edit, and Delete Allocation Models

Contents

Introduction

Create an Allocation Model

Change an Existing Allocation Model

Min/Max Ranges in Allocation Models

Best Practices for Using Min/Max Range

Add a Min/Max Range to an Allocation Model

Copy an Allocation Model

Set the Sort Order for Submodels in an Allocation Model

Delete an Allocation Model

Search Accounts by Model

 

Introduction

An Allocation model often represents a client's overall investment strategy. Allocation models can be comprised of various asset classes or sectors which are each assigned target allocations and asset classes are defined using Allocation or Security Level models. This is sometimes the definition given in the client's investment policy statement. In Tamarac Trading, the various asset classes or sectors are defined using submodels within the Allocation model. These submodels, which hold your individual investments are combined, using specific weights, into an Allocation model.

This page describes the processes needed to create new Allocation models, edit existing models, and make other needed changes to Allocation models. For more information on specific models concepts, see Learn More About Models.

Best Practice

Make model changes before rebalancing accounts assigned to that model. Saving models also saves the accounts associated with that model. If the accounts were rebalanced previously that day, run the rebalance again in order to incorporate new model changes.

Create an Allocation Model

To create an Allocation model, follow these steps:

  1. On the Rebalance & Trade menu, click Allocation Models.

  2. Click Create Allocation Model.

  3. In the Create New Allocation Model window, add the submodels that will make up the Allocation model, and define settings for the model.

  4. Click Create.

  5. Click Save.

Change an Existing Allocation Model

To change an existing Allocation model, follow these steps:

  1. On the Rebalance & Trade menu, click Allocation Models.

  2. In the Select an Allocation Model list, select the model you want to change. Select any available models sets in the Filter By field, if desired.

  3. Click the Edit link next to the model you want to change. You can make changes to the Allocation model you selected, any Allocation submodels, or both.

  4. Make any needed changes to your model in the Edit Allocation Model window. For more information on the available fields, see Create an Allocation Model.

  5. Click Save.

After making changes to an Allocation model, you must save your changes twice. This allows you to make multiple changes to an Allocation model and any submodels without having to worry about applying those changes to accounts before they're ready to be applied. A warning will remind you to do a final save.

Min/Max Ranges in Allocation Models

The min/max settings for your models create a relative tolerance band around your models' target allocations to allow for market movement away from that target. Setting a min and max reduces the number of recommended trades and allows advisors to quickly monitor accounts for rebalance opportunities.

For more information on min/max ranges in your models, see Min/Max Logic in Models.

Best Practices for Using Min/Max Range

Add a Min/Max Range to an Allocation Model

To set a min/max range in an Allocation model, follow these steps:

  1. On the Rebalance & Trade menu, click Allocation Models.

  2. In the Select an Allocation Model list, click the Allocation model where you want to assign a min/max range.

  3. Click the Edit link next to the model in which you want to set the min/max range.

  4. Set the min/max range in one of these two ways: 

  5. Click Save. A warning will remind you to do a final save.

Copy an Allocation Model

Copying an Allocation model allows you to use an existing model to create a new model, or save multiple copies of the same model which can then be assigned permission for different users. To make a copy of an Allocation model, follow these steps:

  1. On the Rebalance & Trade menu, click Allocation Models.

  2. In the Select an Allocation Model list, click the Allocation model you want to copy. Select any available models sets in the Filter By field, if desired.

  3. Click Save As New.

  4. Enter a new, unique name for the copy of this model in the Enter a new model name field and click Save.

  5. To make changes to the model such as updating target allocation, changing min/max values, or adding or removing securities, click the Edit link next to the model. For more information on the available fields, see Contents. When done making settings changes, click Save.

  6. Click Save.

Set the Sort Order for Submodels in an Allocation Model

By default, submodels of an Allocation model are sorted in alphabetical order on the Rebalance Summary and other client reports. However, in some cases, you may want to control the order in which your submodels appear. For example, maybe you invest heavily in real estate for a particular client and would want that submodel to appear at the top of your reports.

To create a custom sort order, follow these steps:

  1. In the Rebalance & Trade menu, click Allocation Models.

  2. In the Select an Allocation Model list, select the Allocation model you want to reorder.

  3. Click the Edit link next to the model name.

  4. Click and drag the models into your preferred order. The Sort Models for Reporting field will automatically change to Custom when you change the order of your models.

  5. Click Save.

  6. Click Save again. A warning will remind you to do a final save.

Delete an Allocation Model

To delete an Allocation model, follow these steps:

  1. In the Rebalance & Trade menu, click Allocation Models.

  2. In the Select an Allocation Model list, select the Allocation model you want to delete.

  3. Click the Delete.

  4. Confirm by clicking Delete.

Search Accounts by Model

You can create saved searches which contain filters that look for accounts assigned to or assigned to specific models. The Allocation Model and Security Level Model search filters will find accounts assigned to and/or tied to the model you specify.

You can also search for accounts that are assigned to specific models that meet deviation or tolerance requirements you specify. For example, you can use the Allocation Model Outside Goal and Security Level Model Outside Model Goal search filters to find all accounts or groups that deviate from a model by the percentage you specify.

For more information on the available search filters you can use to find accounts assigned to specific models, see Search Filters.

For more information on creating saved searches, see Create, Edit, and Delete Saved Searches.