Alder Family Tax-Managed Equity SMA

SMA-2048 · Private Client Portfolio Operations (synthetic)

Blocked

1
Blocking: 2
Awaiting authorization: 2
Warnings carried

Strategy: US Large-Cap Direct Index, tax-managed
Mandate: v3.0
Model: 2026.03.2
Rebalance window: Mar 18, 2026 – Mar 20, 2026
Market value: $4,800,018
Projection: pv-e909a951815c

Synthetic scenarioStep 3 of 5Resolve the restriction

The restricted buy is replaced by an in-group substitute. The impact on model deviation, cash, concentration, and projected tax is shown before a portfolio manager approves it with a reason.

Cost basis is still missing on the selected Palmetto Utilities lot.

Blocking

1 control blocks this rebalance

A hard stop or rebalance blocker that has not passed. Everything else can proceed in parallel.

TAX-BASIS-003UnknownRebalance blocker
Cost basis usability on selected sell lots
Due Mar 16, 2026, 18:00 UTC
1 selected lot has no usable unit cost: PLMS LOT-PLMS-3.
Owner
Operations Analyst
Client impact
The realized gain or loss reported to the client would be incomplete.
Permitted resolution paths
- Request the missing tax-lot data
  Ask the tax-lot ledger owner for a snapshot containing the missing basis, ingest it, then re-select lots and recompute the projected tax impact.
- Select eligible lots with confirmed basis
  Choose replacement lots that carry confirmed basis and recompute the projected realized result.
Clearing this unblocks 1 control: GAIN-BUDGET-009

Awaiting a named human

2 decisions require authorization

These do not block the work, but the rebalance cannot be released until an eligible role records a reasoned decision.

APPROVAL-010FailManual review required
Required human authorization
Due Mar 17, 2026, 06:00 UTC
Outstanding: Authorized release of the handoff package.
Owner
Compliance Officer
Client impact
No client impact. An internal authorization is outstanding.
Permitted resolution paths
- Record the outstanding authorizationPortfolio Manager approval
  Review the release package and record the approval with a reason. The approval binds to this exact projection.
WASH-SALE-005Manual reviewManual review required
Wash-sale exposure on proposed loss realization
Due Mar 17, 2026, 06:00 UTC
MRDN: a recorded purchase (TXN-101) is 21 days from the proposed trade date against a -$2,793 realized loss.
Owner
Operations Analyst
Client impact
A loss the client expects to harvest may be disallowed for tax purposes.
Permitted resolution paths
- Review the matching purchase and document the treatmentOperations Analyst approval
  Inspect the matching synthetic transaction, the source coverage boundary, and the timing, then record a reasoned review decision.

Not evaluated

1 control could not run

These controls are withheld rather than passed. Each names the dependency it is waiting on.

GAIN-BUDGET-009Realized gain budgetNot evaluated: projected realized gain or loss is incomplete while selected lots have no usable cost basis.

Non-blocking

2 warnings carried on the record

Visible, deliberate, and preserved through release. A warning is not cleared by approving the handoff.

RECON-HOLD-002WarningData quality
Holdings reconciliation
Due Mar 17, 2026, 06:00 UTC
TLGR: 1 share difference ($58) is inside tolerance and is carried on the record rather than cleared.
Owner
Data Steward
Client impact
Position counts shown to the client may not match the custodian until the difference is resolved.
Permitted resolution paths
- Inspect both sources and name the authoritative recordData Steward approval
  Compare the custodian and internal lines side by side, choose an explicitly authorized correction path, and record the reason. The difference stays on the timeline after resolution.
Clearing this unblocks 3 controls: CASH-006, CONCENTRATION-007, MODEL-DEV-008
MODEL-DEV-008WarningRisk warning
Post-trade model deviation
Due Mar 19, 2026, 06:00 UTC
Post-trade deviation of 4.61% is outside the mandate band of 1.50% but inside the illustrative strategy tolerance of 5.00%.
Owner
Portfolio Manager
Client impact
The account tracks its strategy less closely than the mandate band contemplates.
Permitted resolution paths
- Record the residual deviation on the release
  The residual gap is inside the strategy tolerance. It remains visible on the release record rather than being cleared.

Alder Family Tax-Managed Equity SMA

1 control blocks this rebalance

Cost basis usability on selected sell lots

2 decisions require authorization

Required human authorization

Wash-sale exposure on proposed loss realization

1 control could not run

2 warnings carried on the record

Holdings reconciliation

Post-trade model deviation

Alder Family Tax-Managed Equity SMA

1 control blocks this rebalance

Cost basis usability on selected sell lots

2 decisions require authorization

Required human authorization

Wash-sale exposure on proposed loss realization

1 control could not run

2 warnings carried on the record

Holdings reconciliation

Post-trade model deviation