Projecting readiness…
SMA-2048 · Private Client Portfolio Operations (synthetic)
A portfolio manager reviews the projection version, control outcomes, trades, and remaining warnings, then authorizes the release. A checksummed synthetic handoff package is generated. No order is created or routed.
Approved for handoff by an authorized portfolio manager. No order has been created, routed, or executed.
Approval reason
“All controls evaluated. No blockers remain. Accepting the residual model deviation from the approved substitution and the two documented wash-sale exposures.”
Warnings carried into the package
Synthetic demonstration package. No order was created, routed, or executed. All accounts, securities, prices, tax lots, policies, sources, and events are fictional. Not investment, legal, or tax advice.
Decision trace
12 controls evaluated against projection pv-a1363063a50f at Mar 16, 2026, 13:30 UTC on a fixed demo clock. Open any row for its inputs and calculation.
| Control | Verdict | Requirement | Reason | Owner | Evidence |
|---|---|---|---|---|---|
| DATA-FRESH-001v1.4.0 Material source freshness | Pass | Satisfied | All 7 material sources are inside their illustrative freshness windows. | Data Steward | |
| RECON-HOLD-002v2.1.0 Holdings reconciliation | Warning | Data quality | TLGR: 1 share difference ($58) is inside tolerance and is carried on the record rather than cleared. | Data Steward | |
| TAX-BASIS-003v1.3.0 Cost basis usability on selected sell lots | Pass | Satisfied | All 11 selected lots carry confirmed basis; projected realized result is -$20,336. | Operations Analyst | |
| MANDATE-RESTRICT-004v3.0.0 Client restriction compliance | Pass | Satisfied | 2 proposed buys checked against 2 verified restrictions; no conflict. | Compliance Officer | |
| WASH-SALE-005v1.2.0 Wash-sale exposure on proposed loss realization | Warning | Risk warning | 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.". | Operations Analyst | |
| CASH-006v1.1.0 Minimum cash and residual cash sufficiency | Pass | Satisfied | Residual cash of $96,250.90 leaves $24,250.63 above the mandate minimum of $72,000.27. | Portfolio Manager | |
| CONCENTRATION-007v2.0.0 Post-trade single-name and sector concentration | Pass | Satisfied | Post-trade largest name PLMS at 8.60% is inside the 12.00% limit. | Portfolio Manager | |
| MODEL-DEV-008v1.5.0 Post-trade model deviation | Warning | Risk warning | Post-trade deviation of 4.61% is outside the mandate band of 1.50% but inside the illustrative strategy tolerance of 5.00%. | Portfolio Manager | |
| GAIN-BUDGET-009v1.2.0 Realized gain budget | Pass | Satisfied | The proposal realizes a net loss of $20,336.15; 2026 calendar year budget usage stays at 44.00%. | Portfolio Manager | |
| APPROVAL-010v2.2.0 Required human authorization | Warning | Risk warning | Substitution approval for TRD-014 (replaces TRD-012): P. Raman (Portfolio Manager) on 2026-03-16 — "Kilder Energy Resources is the closest in-group substitute for the excluded Cedar Point Energy holding. Accepting the residual model deviation this creates in exchange for restriction compliance.". | Compliance Officer | |
| POLICY-CONFLICT-011v1.1.0 Competing effective policy authority | Pass | Satisfied | Exactly one mandate version (v3.0) and one control registry version (CTRL-REG-2026.03.1) claim authority on the trade date. | Control Owner | |
| HANDOFF-012v1.3.0 Handoff integrity at release | Pass | Satisfied | Approved projection pv-a1363063a50f still matches the current trade set, lot selections, source checksums, mandate, model, and control registry version. | Control Owner |