Trade queue: activity(s) requiring approval

To make sure your client doesn't inadvertently realize a large amount of gains, Symplany may require your approval before placing trades.

Advisor-generated trades

When you initiate trades in a non-qualified account, Symplany will display the estimated gains or losses (regardless of the amount) on the trade confirmation page:

After you click Confirm & send, the trades will go through.

Symplany-generated trades

Symplany automatically rebalances accounts, when appropriate. In doing so, Symplany may realize gains in your non-qualified accounts. However, there is a safety net to avoid accidentally realizing too many gains in an automatic rebalance: activities requiring approval.

Activity(s) requiring approval

If a Symplany-generated trade results in at least $1,000 in estimated realized gains, the trade gets put in a queue and is only allowed to go through after you provide approval.

Symplany will send you an email when this happens, giving you the option to sell or hold the fund(s).

Watch the video above for more information 🎥.

One way to minimize gains in the first place is using the gain locks feature.

Gain locks

The gain locks feature allows you to hold onto non-strategy holdings in a non-qualified account, as long as those holdings are at a gain. For example, if a client transfers in a highly-appreciated asset, you can hold onto that fund and have the rest of your account work around that position.

When gain locks are turned off, Symplany automatically sells out of any non-strategy holdings.