Review and send a household proposal

Use this guide to run, review and send one proposal for a family’s accounts. When accounts are optimized together, a family, the accounts Tilt plans together, has one household proposal covering every account. The steps follow the Huang-Bennett Household, a sample family in a synthetic firm. If the morning check already left a proposal, find it and start at step 2.

​

1. Optimize the household

Open the household’s Optimization tab and select Optimize under Household proposal. You can also open any account in the family, then its Optimization tab, and select Optimize household. Tilt plans the whole family once, within its budget at that moment, the same way the Rebalance plan page does. Each account’s trades are its share of that plan. When the run finishes, the household’s Optimization tab shows it as Latest proposal, and each account’s Optimization tab shows the row Household proposal. On the household’s tab, when the family has a budget, Optimize stays disabled while a taxable account’s realized gains for the year aren’t confirmed, and names the accounts: “Optimize waits until this year’s realized gains are confirmed for”. Check the budget covers what to do. If Tilt can’t plan the family, the proposal fails: see Fix a family plan that fails.

​

2. Review the household proposal

Select Latest proposal on the household, or Household proposal on any of its accounts. Both open the same page, which covers every account in the run. Its title names the household and the date, and the line below says how many accounts were optimized together and which day’s close the holdings and prices come from. Check these sections in order: Current observed is the family today, and Projected after fills is where these trades leave it. Projected results don’t clear a monitoring finding. Holdings and cash update once the trades execute and reconcile. The budget line gives the budget left when the run was planned, and doesn’t appear when there’s no budget. A change to the budget left since then puts the proposal out of date. Est. realized gain reads as a dash for any family with a tax-sheltered account, because that account has no tax estimate. Open Tax details for each taxable account’s estimate. Where the figure shows, it nets losses against gains, so it isn’t what the plan used of the budget: the budget counts gains on lots sold. The tabs below the results mix family and account views:

​

The proposal no longer matches

Combined results shows figures only while the proposal is complete and current for every account. Otherwise it can read “No results: this proposal no longer matches”, name the accounts, and add “Holdings, settings or the household changed since it was made, or its orders filled.” A proposal goes out of date when an account’s holdings or settings change, an account joins or leaves, the budget left changes, the household’s Optimize accounts together or your firm’s Allow accounts to be optimized together goes off, or a newer run finishes for one of its accounts. The next daily check is such a run, so expect a saved proposal to last only until then. Filled orders change holdings, so a sent proposal reads the same way. You can’t send a proposal that’s out of date. Select Optimize again, or use the next morning plan.

​

3. Approve and send together

Approve the family as one. Approving any account’s part covers every account in the run, and an account with no trades sends nothing. You can send a morning plan from either place below. A run you started with Optimize isn’t in To review, so it goes from its proposal page.

• On the proposal page, select the Send to button, which names your custodian, and check each account’s order check and its projected cash in the dialog. If your firm trades by file, the page shows Export from Trading instead.
• In Trading > To review, select the household. Its accounts are selected together, and each reads Approved with the household. Select Approve and send, or Approve if your firm trades by file or the selection sends nothing.

​

What can stop a send

Three things can stop a send:

1. Who is sending. You need to be eligible under the trade release rules of every account with trades. If you aren’t eligible for one of them, none of the family goes out. A flag alone doesn’t stop an eligible sender.
2. Checks before sending. If any account fails its order check or its health blocks trading, the family can’t be sent until that’s resolved.
3. Checks as orders go out. Tilt sends each account’s orders as their own batch, so a refusal at this stage can stop one account while the others go ahead. Inspect each account’s outcome.

Link every account with trades to your custodian first. Custodian trading unavailable on the proposal page says whether the opened account has no linked custodian account or the firm has no connection. From the proposal page, an account with trades and no link under that custodian stops the send for the family.

​

4. Follow the orders and record realized gains

Open Trading > Sent and select the send. It lists each order and fill by household and account, and says when an account in the run has no orders in the send. Sending starts the orders, and fills arrive after that. Once trades fill, enter the realized gains on each taxable account with Add realized gains and Confirm records. Read an account’s Overview explains both. Next, follow the family each morning.

​

Fix a family plan that fails

One account that can’t be planned stops the whole family, and every proposal of the run fails with the same reason. The causes below stop Optimize and the morning plan alike. While the accounts are optimized together, select Optimize household on an account to see the reason: the failed proposal gives it and usually names the account. With the setting off, Optimize plans that account alone, so it won’t show why the family failed. One proposal can also fail while the others complete. Combined results then reads “No results: the optimization failed for” and names the account, and the family can’t be approved. That account’s proposal gives the reason. Turning off the household’s Optimize accounts together lets each account optimize on its own, and leaves every other household as it is.

---