Compare plans and turn on Optimize accounts together

Use this guide to compare a family’s two rebalance plans, check its gains budget, and turn on Optimize accounts together, which rebalances a household’s accounts as one portfolio. A family is the accounts Tilt plans together: a household’s accounts, or all of a client’s accounts when the client is in no household. Each account keeps its own model and its own money. The household’s switch takes effect only while your firm’s Allow accounts to be optimized together is on too. The examples follow the Huang-Bennett Household, a sample family in a synthetic firm: a taxable trust and two IRAs, with a $25,000 capital gains budget this year and nothing realized so far.

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1. Open the household

Open Clients in the sidebar, type the household’s name or a member’s name in the “Search households and clients” box, and open the household’s page. A household with one member is listed under that member’s name and opens the member’s page, so open the household from the breadcrumb at the top of that page. The household’s Overview ends with the Household optimization section, which shows the same figures with the setting on or off. Both tiles leave the budget out, so they can be higher than what Optimize realizes; the note below them says what the budget allows. The gains can take a minute or two to appear, and the budget part of the note a little longer. The section doesn’t appear while the household’s members have no accounts.

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2. Open the Rebalance plan

Select Rebalance plan. The page plans the family both ways as soon as it opens, and again whenever the budget changes. It saves nothing and places no trades. Its figures use the closing prices named at the top, so fills can differ.

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Current state

1. 6 of 13 funds out of range: the trust’s funds outside its allowed range.
2. Every fund in range: the IRA has none outside.
3. too much and too little: outside the allowed range, 5 points either side of the model weight, or a quarter of it if that’s smaller.
4. The trust’s QQQ cell: 3.8% today, model 0.0%, too much.

Start with the account that’s out of range, here the trust. no tax on sales marks an account whose sales use none of the budget. Most common stocks have no range, so they never count as out of range.

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The family model

1. 78.5% Growth + 12.9% Balanced + 8.6% Equity = family model: each model counts by its account’s share of the family.
2. VEA’s Allowed range, 12.8% to 21.3%, around its family model of 17.0%.
3. QQQ’s Allowed range, 0.0% to 0.0%: no model holds QQQ, so any amount is out of range.
4. VEA’s bar: today’s 11.2% sits below the green allowed range, so VEA reads too little.

The line under the table names the funds outside the family’s range. How a family plan works explains the blend and the ranges.

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3. Check the budget

The budget card sits below The family model. Gains budget left this year is the household’s capital gains budget less this year’s realized gains, never below $0: $25,000 here. Select Set budget or Change budget to set it. The plan stays within that one household budget across every account. A budget covers one calendar year, so set the new one each January. A message above the two plans says what the budget allows, as does the note in Household optimization:

1. Gains budget left this year: $25,000.
2. needs $85,570 of gains, $60,570 more: the least gain that brings every fund with a range inside it.
3. leaves KVUE, TSM and QQQ outside their range: what stays out under this plan.
4. Raise this year’s budget to $85,570: saving it records the change in History and plans again.

Read an account’s Overview explains confirming realized gains, and how the budget limits a family plan explains what counts against it.

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4. Compare the two plans

1. $25,000: each plan’s taxable gains.
2. Mei Huang Revocable Trust still out of its own range: where Rebalance each account individually leaves the accounts.
3. 1.9% QQQ against 0.0%: the widest gap between any account and its own model under Rebalance the household.

Rebalance each account individually plans each account toward its own model, under the same rules as a family plan, so it can differ from the account’s own Optimize proposal. Rebalance the household is the family plan that Optimize makes once the setting is on. The table below lines the plans up, one row per account plus a Household row:

1. The trust’s Taxable gain under The household: $25,000.
2. The Household row’s After under The household: 3 funds out, the ones the budget message names.
3. The Bennett IRA’s Trades under Each account individually: four funds, then 469 smaller trades. An account in range can still trade funds with no range.

Before you decide, compare Taxable gain and After on the two Household rows, and the widest gap from an account’s own model. The family plan’s gains are never the higher figure; when a family plan helps compares sample families. Here the plans tie: the trust is the only taxable account and the only one holding QQQ, and the budget stops both. The difference is in the IRAs. Each sells VEA on its own and buys it in the family plan, and Mei Huang Roth IRA, in range on its own, ends 3 funds out of its own range under The household. If a line under the table flags a fund one account buys while another sells it at a gain, compare that fund under The household.

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Trade list

Trade list shows every trade, in an Each account individually block and a The household block.

1. The QQQ row: Sell, 151.264 shares, $104,667, $23,605 of gain.
2. The NVO row: Sell, 2,066 shares, $87,144, $0.
3. Taxable gain: the gain on that row’s shares. Losses, purchases and trades in an account with no tax on sales read $0.

The gains rest on the lots the plan chose, and how you send the orders decides what’s realized. If the page reads “Couldn’t read the family’s accounts. Try again.”, or “Planning failed. Try again.” stays after Try again, see Fix a family plan that fails.

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5. Turn on Optimize accounts together

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Before you turn it on

• Check who pays the tax. The plan treats the family as one, whoever owns each account, so one account can realize more gain to lower the family’s total, as this example shows.
• Confirm realized gains on every taxable account and check each account’s type, because Tilt plans an account with no type as taxable. Clear any member’s own budget, which the plan doesn’t apply.
• Check which settings a family plan uses and what stops one, such as position limits and legacy holdings.
• Check wash-sale exposure: see wash sales in a family plan.
• Expect accounts to end away from their own models, with no setting to limit how far.
• Plan to send the accounts together: approving any account covers every account in the run.

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What changes when it is on

Each account makes only the family plan’s trades, so it stops making tax-loss sales of its own. The plan itself can sell a lot at a loss. To turn it on:

1. If Household optimization shows Activate in Firm settings, select it, or open Firm > Setup and select Optimization under Defaults for models and accounts. Turn on Allow accounts to be optimized together, select Done, review the queue, and select Apply firm changes.

2. On the household’s Overview, turn on Optimize accounts together in Household optimization. The chip then reads Household optimization active.

Firm owners and editors can change both settings, and History records each change. Allowing it for your firm turns on no family, but it starts a new check of your book and puts out of date the saved proposals of households whose switch is on. Next, review and send the family’s proposal, then follow the family each morning.

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Turn it off

On the household’s Overview or Optimization tab, turn off Optimize accounts together in Household optimization. The family’s proposal goes out of date, each account optimizes on its own, the Optimization tab disappears, and the daily check returns to each account on its next run. Turning off your firm’s Allow accounts to be optimized together does the same for every household. Each household’s switch keeps its value for when your firm allows it again.

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Optimize a client in no household

A client with several accounts and no household can have its accounts optimized together, with its own setting, while your firm allows it. The client’s row on Clients then reads “optimized and monitored together”, and each account’s Optimization tab shows Optimize all accounts. The client’s page gets an Optimization tab. Under Combined proposal, Optimize plans every account, and View combined proposal opens the proposal. Household optimization and Monitoring work as they do for a household. Only a budget set on that client limits the plan. To stop, turn off Optimize accounts together on that tab.

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