# Research securities, explain risk and rebalance within the bands

Look up any security, look through the funds a client holds, explain where risk comes from and prepare rebalancing trades within the bands a policy sets. A person reviews every trade list, and nothing is ever sent to a broker from here.

## Look up any security
Find a stock, fund or bond by name, ticker or identifier, or add a security of your own. Each record carries daily prices and their freshness, splits and dividends with a dividend calendar, fund fees with their history year by year, and the public filings behind it. Search by type, exchange, asset class or expense-ratio range, and ask for similar securities. Every figure keeps its source and its date.

## Look through funds and find overlap
Enter a client's positions and see what they really own. Look-through opens each fund to its holdings, and funds inside funds, down to the securities at the bottom. The result shows direct exposure, exposure through funds and the total, with options adjusted for how they move. Overlap compares any two funds and shows how much of them is the same, with the shared names listed, so two "different" funds that hold the same stocks stand out.

## Risk explained by factor
A daily factor model explains where a portfolio's ups and downs come from: market, style, sector and single holdings. See each holding's contribution to total risk, and compare the portfolio with a broad market index to find the bets that drive the difference. Enter a shock, such as stocks down 20%, and see the dollar effect. Replay a past market against today's portfolio and read the total return, the worst month and the deepest drop in plain terms.

## Style, drift and the manager lineup
A manager's monthly returns are compared with large and small, value and growth styles to show its real style mix, how well that mix explains the returns and what the manager added beyond style. A rolling three-year view shows drift. Set a lineup against policy bands, see each manager's share of risk next to its share of assets, and compare each with its benchmark by active share and tracking error. Investment offices get the full set of these tools on [their own page](/investment-offices).

## Cost basis in view
A client's portfolio page shows every position with its cost basis and whether that basis is complete, the unrealized gain, the number of tax lots and the cost-basis method in use. Period return sits beside them, with a plain note wherever a record is missing. Positions, lots and basis arrive in the custodian's own data files through [connected data](/connected-data), so the figures a rebalance or a tax decision rests on are the custodian's, not a retyped copy.

## Rebalancing inside the bands
A policy portfolio sets a target, a lowest and a highest weight for each asset class and a drift threshold. The lineup view shows each class's value, target, band and position in the band. When money arrives or the portfolio drifts, the platform spreads it within the bands and respects caps, floors, restricted holdings and positions that must not trade. It says whether the answer is the best possible or why no answer fits. Compare rebalancing rules over past markets with trading costs included.

## Trade lists that wait for a person
The result is a candidate trade list: each line's side, quantity, price, value and the cash left over. The list cannot be sent anywhere; it is a proposal with a digest. An order instruction is then written up with its terms, lot method, the client's authorization and the reasoning, approved by a second person, handed off, and the outcome reported back. Amendments and cancellations keep the trail.

## The fund ledger for private funds
Private, hedge and drawdown funds keep their own ledger: subscriptions, redemptions, capital calls, distributions split into return of capital, income and gain, and holdbacks with their release. A manager's estimate is replaced by a final and then an audited value, and each value is badged with its tier; results can be read as they were known on any date. Returns, cash-on-cash multiples and the quarter-close board follow. Read more for [financial advisors](/advisors) or [talk with us](/contact).