What are Targets
Targets are an asset allocation model.
This functionality allows the advisor to create a single portfolio consisting of third-party strategies as well as individual securities. Which can be saved and applied across multiple accounts and multiple custodians simultaneously.
On an ongoing basis the SMArtX platform will automatically trade the portfolio for any third-party strategies and will prompt a rebalance request for any individual securities.
Navigating the Target Tab
Create Target Portfolios containing Equities, ETFs, Mutual Funds, Models, and other targets that can be rebalanced
How to Open the Target Tab
Use the Left navigation
Targets >
Scroll to the bottom of the tab
Select the Add New Target button
Click Create A Target button from the Home Dashboard
The Targets tab will open next to the Home tab with a list of targets to work from
Note: A unique Target ID number to each new target created. Rename the target by selecting the pencil icon next to its Target ID.
Edit, Clone, or Delete Targets
Quickly Edit, Clone, or Delete directly from the Targets tab using the action icons
View Accounts Assigned to a Target
Target tab > Subscribed Accounts column - shows the number of accounts aligned to that target
Click the number to view the list of accounts subscribed to this target in a pop up
There are 2 actions that can be taken from this pop up:
View the account details by selecting an account name
Note: If an account name appears as "N/A" on the list, you do not have access to that account
Export to a CSV file containing accounts subscribed to the target, along with the Custodian and Account Type of each account
How to Create a Target
From the Targets tab > Select Add New Target
Adding Tickers to the Target
The Edit Target tab will open next to the other open tabs
Initially the target is 100% cash, therefore you will need to add securities or third-party investment strategies to the target.
Add tickers by typing into the text field left of the Add to Target button
Select the desired model
Click Add to Target button
This will generate a line item in the below table where an allocation percentage can be entered. Each security or model will be denoted under the Name column.
These will include Equities, Mutual Fund, and Models
Note: ETFs are categorized as Equities
Edit Allocation Percentages
For each equity, mutual fund, model, or sub-target added edit the value percentage to equal 100%
Note: The tool will warn you if you need to make adjustments to your allocation model
Cash Rebalance Icon
If you're over allocated, Click the scales icon to auto adjust the target allocation to ensure it is equal to 100%
Managing the Drift Thresholds / Leverage
You may also apply drift parameters, also known as Rebalance Thresholds. To adjust Rebalance Thresholds and Rebalance Precision Thresholds, click the pencil icon on the line item and make adjustments within the pop up.
Assign a sub-target to a Target
Click the hierarchy icon
In the pop up window:
Add sub-targets by typing the name of the target in the text box
Select the desired target from the drop-down list that appears
Click ADD
Edit an Existing Target - Account View
A target assigned to an account may need editing, to do this:
Open the Account Details
Click Accounts Summary via the left navigation or
Click Active Accounts button from Home Dashboard
Search and Select the Account to open the Account Details
Go to the Target Portfolio section
Click Edit Target
This will open the Edit Target tab
Click the Advanced Mode to expand details
Make adjustments needed
Edit the targets
Edit the threshold default options
Save Target button once you've completed
Remove a Target - Account View
To remove all target details from an account:
From the Account Details tab,
Go to the Target Portfolio section
Click Remove Target
Confirm or Cancel the action
Note: Removing a Target does not turn Rebalancing Off. If you remove a Target and then turn Rebalancing Off it will prevent the platform from rebalancing to the default Target of 100% Cash.
Tree / Table View - Account View
From the Account Details tab, go to the Target Portfolio section:
Use the Tree hyperlink to expand or collapse the table view under the Target Portfolio, you will see the Target weight group percentage, models percentage, Cash and Symbol percentages.
