What is a Target Portfolio?
A Target Portfolio (or “Target”) is the allocation blueprint for an account.
It defines:
What the account should hold
The weight of each holding
How the account is monitored and rebalanced
Targets can include:
Models
Individual securities (stocks, ETFs, mutual funds)
Cash
Other Targets (sub-targets)
How Targets Work
Once a Target is assigned:
The platform monitors the account daily
Drift is automatically detected
The account is flagged for rebalancing
Trades are generated in the Rebalancer
Advisor approval is required before Rebalancer trades execute
Note: Some trading runs automatically without a Rebalancer approval step: Transition Sleeve trades when the Transition Scheduler is on, Tax Loss Harvesting trades when the Harvest Scheduler is on, and model manager reallocations within third-party model sleeves.
Targets represent the desired state of the portfolio
Advisor Workflow
Targets follow a consistent lifecycle:
Build Target
Assign to Account
Turn on Rebalancing
Review Proposed Trades
Approve and Monitor
Types of Targets
Type | Description |
Enterprise Target | Reusable across multiple accounts |
Account-Level Target | Specific to a single account |
⚠️ Editing an Enterprise Target impacts all assigned accounts and will trigger rebalancing activity
Why Targets Matter
Targets allow advisors to:
Standardize portfolios across accounts
Scale strategies across custodians
Reduce manual portfolio management
Maintain disciplined rebalancing