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Unmanaged Securities in Models

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Introduction

Unmanaged securities can be part of a Security Level model, allowing you to see how unmanaged positions fit into the overall picture of a client's holdings. When you add an unmanaged security to a model, it will appear at the bottom of the listing of securities in the Rebalance Summary with the word UNMANAGED next to its description, and the allocations will show 0% for the initial and post-rebalance columns.

Rules for Unmanaged Securities in Models

• Unmanaged securities may only be added to rank-based models.

• Unmanaged securities within models must have a 0% target. If you set a greater target than 0, the account won't rebalance.

• If the security is unmanaged in a group, it must remain unmanaged for all accounts within that group.

Two Ways to Make a Security Unmanaged

There are two ways to make a security unmanaged:

• At the security levelTo do this, you make a security unmanaged which makes that security unmanaged for every account holding that security.

• At the account levelTo do this, you make a security unmanaged while editing an account and that security becomes unmanaged only for the account or group that account is in.

If an unmanaged security restriction should apply to all accounts, set the security restriction globally. If the restriction should only apply to a few accounts, set it within the individual accounts.

For instructions on creating unmanaged securities at the account and security level, see Security Restrictions.