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Use Legacy holdings for an equity or ETF you want to sell over time. Assign it to a sleeve so Tilt counts it there while you still own it. Tilt will not buy more. For example, an account owns 100 shares of an older ETF. You want that investment to count toward US Large Cap while moving into the sleeve’s intended holdings. The older ETF has no place in that final portfolio: its destination weight is zero.

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1. Assign the holding in Setup

Open Clients, choose the client and account, then go to Setup → Settings → Legacy holdings. Select Add legacy holding.
  1. Under Holding, choose the older ETF.
  2. Under Sleeve, choose US Large Cap, or the appropriate building block inside it. Choose the full path you intend if a sleeve appears more than once.
  3. Set Sell-down alert threshold to 10%.
  4. Select Save assignment.
With 100 shares remaining, a 10% threshold means a proposal must sell at least 10 shares to create a legacy sell-down opportunity for review. You can instead set a minimum USD sale value. Zero means any positive sale. Saving takes effect immediately, outside Queued changes, and places no trades. The threshold decides when to show an opportunity; it does not set a tax budget or require a sale. Tilt checks eligibility before saving. Use a positive-weight building block, not a composite, and a ticker with zero destination weight across the benchmark and tilts. Cash and manual assets are excluded. Resolve any reported tax-lot, price, foreign-exchange, or risk-coverage gaps before trying again.

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2. Check how the sleeve is doing

Open Tracking error details in Legacy holdings. Tilt shows two comparisons: The sleeve can follow its transition plan closely while still differing from its destination. Check the dates shown with the measurements. Monitoring explained describes the references.

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3. Review a sale when it is feasible

Tilt looks for sales within the account’s tax and investment constraints. Suppose the older ETF trades at $100 per share, with a $60 cost basis for each share sold: These figures exclude fees and other adjustments. The check uses the final proposal after trade sizing and lot selection. A qualifying sale can appear for review without a drift breach; other review reasons can still apply below the threshold. If only $300 of gains capacity remains and there are no offsetting losses or other proposed gains, the 10-share sale exceeds the budget. The 5-share sale fits the budget but misses the alert threshold. Neither creates a legacy sell-down opportunity. Tax-aware management explains the budget calculation. Check the sale, replacement holdings, and tax estimate before approving trades. Review a rebalance covers approval and execution. To change the sleeve or threshold, use Edit. If a model or sleeve change causes Needs review, select Review and save the assignment again before relying on monitoring. Remove assignment ends the legacy treatment; it does not sell the position.