Custom Benchmarks

Introducing Custom Benchmarks

For Financial Professional Use Only

We've heard from advisors that they spend a lot of their time transitioning new accounts into model strategies. Depending on the unrealized gains in legacy positions, transitions are often achieved through a slow, manual quarter-by-quarter rebalancing.

With the new Custom Benchmarks feature, you can set up portfolios to transition once (in under 10 minutes) and let automation handle the rest.

What's New

You can now define a benchmark for performance measurement and transition management. Define your own benchmark holdings and weights, then send them to us to upload. Once uploaded, select it in Investment Preferences and apply it to any Portfolio or Framework. Use it for:

Your firm's proprietary model allocations
A blended or client-specific benchmark that doesn't map to a standard index

Once your custom benchmark is applied, you can put it to work in a couple of ways:

Direct Indexing: For portfolios transitioning into a custom benchmark, the software gradually converts the portfolio toward your benchmark holdings while managing the tax impact, rather than relying on manual quarter-by-quarter rebalancing.
Tracking Error: See how closely a portfolio is tracking its custom benchmark on the Portfolio Page and during the Transition Flow, so you can quickly monitor the status of a transition.

Who can see this? Custom Benchmarks are only visible to users in the billing group they've been assigned to. Reach out if you expect to see one and don't.

Can I upload my own custom benchmarks in Pro? Not yet. For now, the Pave team handles holdings updates for you so the setup stays hands-off on your end. Stay tuned for future updates on self-serve controls.

Please reach out to salessupport@pavefinance.com if you have any questions or feedback on this new feature!

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‍For Financial Professional Use Only

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