What Does the Scheduler Do?
The Scheduler continuously evaluates positions in the Transition Sleeve to identify liquidation opportunities within the defined tax budget.
Scheduler Responsibilities
The Scheduler:
Harvests losses first
Offsets gains where possible
Reinvests proceeds into target sleeves
⚠️Important Timing Notes
Scheduler activity begins after tax lot reconciliation
Trades submitted later in the trading day may execute the next business day
If Scheduler is OFF
No transition trades will execute automatically.
The advisor must manually manage liquidation activity.