Overview
The Rebalancer monitors the Managed Portfolio Sleeve daily for cash drift. It is the tool that deploys excess cash into positions or raises cash when the sleeve is below target.
⚠️ Important
The Rebalancer only sees the Managed Portfolio Sleeve when evaluating cash. Funding Sleeve cash and Protected Sleeve cash are invisible to the Rebalancer. High cash in either of those sleeves will NOT trigger a High Cash rebalance flag.
Cash-Related Rebalance Triggers
Rebalancer Queue | Trigger Condition | Action Generated |
High Cash | Cash ≥ upper threshold in Managed Portfolio Sleeve | Buy trades to invest excess cash into target allocation |
Low Cash | Cash ≤ lower threshold in Managed Portfolio Sleeve | Sell trades to raise cash to target |
First Rebalance | No prior rebalance; new target assigned; or Rebalancer toggled OFF → ON | Full rebalance toward target allocation |
Rebalancer Workflow (Cash Context)
Step 1: Rebalancer → Accounts to Rebalance — review High Cash or Low Cash accounts
Step 2: Select accounts, click Submit Request
Step 3: Rebalancer → Pending Approval — review proposed trades, tax impact, and trade logic
Step 4: Approve (orders go to trade desk) or Cancel (returns accounts to queue)
Step 5: Rebalancer → History — monitor execution status
⚠️ Rebalance batches not approved on the same day will expire overnight.
If a batch expires, recreate and resubmit.