Custom Benchmarks Page

In July, we introduced the first version of Custom Benchmarks, to give advisors more flexibility when measuring performance and managing portfolio transitions. Rather than manually rebalancing accounts over time, Pave can use a custom benchmark to guide the transition while managing the tax impact, with metrics like tracking error to help you monitor progress.

How it Works

The new Custom Benchmarks page gives you a self-serve way to create and manage your firm’s benchmarks directly in Pave Pro.

By using your firm’s model as the custom benchmark, you can direct index into the model, allowing Pave to gradually transition the portfolio from legacy holdings toward the model allocation. Custom benchmarks can be selected in Investment Preferences and applied to Portfolios and Frameworks for performance measurement, transition management, and tracking error.

When a custom benchmark is updated, the changes will automatically flow through to any Portfolios or Frameworks using it the next time the optimizer runs.

Where can I find the Custom Benchmarks page?

Navigate to Account Setup → Custom Benchmarks from the Pave Pro menu.

Who can view and manage Custom Benchmarks?

All users can view the custom benchmarks available to their firm. Creating and updating benchmarks is limited to users with edit access, as determined by your firm. If you have questions about your access, please reach out to your firm.

How do I create or update a Custom Benchmark?

Upload a CSV with Symbol and Weight columns. Weights must total 100%, and all holdings must be supported assets in Pave. A downloadable template is also available on the Custom Benchmarks page to help you get started.

Questions or feedback? Reach out to salessupport@pavefinance.com.

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