How I Use Model Portfolio Trading With My Custodian

Once in a while something catches your eye and you have to write about it. I have been using TradePMR as my custodian for nearly two years now, and although there have been a few frustrations from time to time, their approval rating—at least in my mind—is at an all-time high. TradePMR is growing fast, but still provides quality service and tremendous technology tools. What I'm about to discuss is not brand new with them, but like many things, it takes a while to catch on. I have just ""caught on."

Model Trading

Let's say you have created some model portfolios. You may only have a few or you may have a different model for each portfolio. In either case, with TradePMR’s system, you can add the model to the platform, assign an account to it (or several accounts), and with a few clicks of the mouse, change the portfolio from the current into the model.

After the account is linked to the model, you click the "rebalance" button. Then it creates two baskets, one with "sells" and one with "buys." I execute the first basket one day and the second basket the day after. That's it! This is going to make my life so much easier.