Projecting readiness…
SMA-2048 · Private Client Portfolio Operations (synthetic)
The completed tax-lot ledger arrives, the lot selection is confirmed, and the projected realized result becomes computable. The two wash-sale matches are reviewed and documented rather than cleared.
No blockers remain. The release approval is the only outstanding authorization.
Blocking
A hard stop or rebalance blocker that has not passed. Everything else can proceed in parallel.
Nothing is blocking
Every hard stop and rebalance blocker has passed against the current projection. Warnings and outstanding authorizations are listed below.
Awaiting a named human
These do not block the work, but the rebalance cannot be released until an eligible role records a reasoned decision.
Outstanding: Authorized release of the handoff package.
Permitted resolution paths
Review the release package and record the approval with a reason. The approval binds to this exact projection.
Non-blocking
Visible, deliberate, and preserved through release. A warning is not cleared by approving the handoff.
TLGR: 1 share difference ($58) is inside tolerance and is carried on the record rather than cleared.
Permitted resolution paths
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.
Post-trade deviation of 4.61% is outside the mandate band of 1.50% but inside the illustrative strategy tolerance of 5.00%.
Permitted resolution paths
The residual gap is inside the strategy tolerance. It remains visible on the release record rather than being cleared.
2 potential wash-sale matches reviewed and accepted by M. Bell (Operations Analyst) on 2026-03-16: "Reviewed both matches: the 2026-02-25 Meridian Health purchase and the 2026-03-11 Novex Semiconductor purchase, each against a proposed loss sale of the same security. Treating both losses as at risk of disallowance and flagging them to tax reporting rather than changing the trades.".
Permitted resolution paths
Inspect the matching synthetic transaction, the source coverage boundary, and the timing, then record a reasoned review decision.