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How to Run a Transition Analysis

Step 1 - Account Selection

The tool can be used for accounts that are already on SMArtX, as well as accounts that are not yet on that platform.

Navigate:

Home Dashboard → Left Navigation → Transitions option → Select Analysis Tool

Choose:

  • On-Platform Account

  • Off-Platform Upload

⚠️Off-Platform Upload Requirements⚠️

You must upload:

  • Holdings file

  • Cost basis / tax lot information

Missing tax lot data may prevent the analysis from running successfully.

Step 2 - Build Target Allocation

Examine existing holdings in your account and compare them to models on the platform. Assign weights to each model or holding so the total equals 100% of tradable assets.

Add:

  • Models

  • Securities

  • Targets

Assign weights so the allocation totals 100%.

Optional: Help Me Find Models

Use the Help Me Find Models feature to compare existing holdings to available SMArtX strategies, potentially helping reduce turnover and tax realization. Use this tool if you’d like to:

  • Examine overlap between current holdings and models

  • Identify compatible strategies

📽️CLICK HERE 📽️ Help Me Find Models Feature 📽️

Step 3 - Set Tax Budget & Transition Scheduler

a. Set Your Capital Gains Budget

This is where you define how much capital gain you’re willing to realize as part of the transition.

Choose:

  • Budget between 0%–100% of full gain

  • Or enter a custom tax information

Understanding Budget Types

Scenario Budgets (0–100%)

Used to compare transition outcomes quickly.

These scenarios:

  • Show relative transition trade-offs

  • Do NOT account for year-to-date realized gains

Custom Budgets

Custom budgets evaluate:

  • Existing realized gains/losses

  • Remaining transition capacity

Step 4: Scheduler Settings

You can choose to automate the transition over time or manage it manually.

Scheduler ON

Scheduler OFF

The system:

  • Scans for transition opportunities

  • Harvests losses

  • Offsets gains

  • Reinvests proceeds into target allocations

The advisor manually controls:

  • Liquidation timing

  • Trade decisions

  • Transition pace

Step 5 - Allocate Review & Submit

The Allocation Summary shows the expected impact of the transition before it’s executed.

Review:

  • Estimated tax impact

  • Sleeve allocation structure

  • Target allocation breakdown

Then click Submit.

  • Select pencil icon to Edit if adjustments are needed

  • Otherwise, click Continue at the bottom of the page


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