What are Trade Restrictions?
Trade Restrictions allow advisors to control how trades are generated within an account—without creating a new target or modifying the underlying model.
Why Use Trade Restrictions?
Personalize portfolios at the client level
Prevent buying or selling specific securities
Replace securities with preferred alternatives
Reduce unnecessary turnover
Types of Trade Restrictions
Exclusions → Prevent a security from being bought or held
Substitutions → Replace one security with another
Equivalent Securities → Treat multiple securities as interchangeable
Where to Access
Home Page
Left Hand Navigation → Accounts → Trade Restrictions
Key Considerations
Applied at the account level
Affect all sleeves within the account
Typically take effect immediately upon submission