When will my portfolio change take effect?

Changes to your portfolio are analyzed by our system nightly. If your portfolio allocation is changed prior to market close (4:00 PM EST), our systems will evaluate your holdings against your new target allocations that night, and the update should be reflected in your Portfolio in 1-3 business days, unless there are other pending activities on your account.

As a Guideline policy and in keeping consistent with mutual fund general practices, trades are executed using the value at the close of the day during which the order is placed. For orders submitted after 4pm EST (market close), the trade is processed on the next trading day at that day’s closing prices. Any financial transactions requested after that time, on a weekend, or on a stock market holiday will be processed the next business day after market close. For example, a trade received at 4:01pm EST on Friday will be processed on Monday using the prices as of Monday’s market close.

Pending activity like payroll contributions may also affect the timing of portfolio updates, as all transactions on your account must settle before the evaluation, trade, and reallocation can occur. For example, a trade request received at 3:59pm EST on Friday with a pending payroll contribution that doesn’t settle until Monday, will be evaluated Monday night after market close and then traded at Tuesday’s market close prices.

If you change the funds in which your portfolio invests, a reallocation of your entire portfolio will occur to meet your newly selected portfolio allocation. If you change the allocations of your currently held funds, and no new fund selections are added to your portfolio, your portfolio will only rebalance when your total portfolio drift exceeds 5%. If the requested change results in less than a 5% drift, no reallocation will be initiated. Instead, upcoming contributions are allocated to bring the funds in your portfolio to the new target allocation.

Was this article helpful?
Have more questions? Submit a request