SoftPak

Create, maintain and rebalance household accounts using mean variance or model centric methods.

HOUSEHOLDS WITH MIXED ACCOUNTS: UMHA enables rebalancing for households that contain a mix of taxable accounts, tax deferred accounts and tax exempt accounts.
ATTRIBUTE-BASED RESTRICTIONS: Further attribute-based restrictions can be imposed on individual accounts within the households, i.e. Market Cap or Style or Sectors. New attribute classification can be defined by the users.
SECURITY LEVEL RESTRICTIONS: All are supported i.e. do not buy, do not sell, do not trade, sell to a min %, buy to a max %.
APPLY BENCHMARKS: A single benchmark (model) can be assigned to a household. Attribute-based restrictions can be applied to the household or to the benchmark (model); these restrictions can have a target, a min and a max.

MANAGING BUY LISTS: Each account within the household can have its own separate buy list. Securities are purchased in an account only if they exist in the account or the associated buy list.
MANAGING ALPHA LISTS: Each account within the household can have its own rank list (alpha list), this is useful for asset location. Rank list is particularly useful when the accounts within the household have overlapping securities.
TAX AWARE AND WASH SALES: Specify short-term and long term tax rates, maximum realized gains, apply wash sale restriction to all taxable accounts.
MULTI-FACTOR MODELS: All multi-factor structured risk models with full covariance matrix are supported. Three and five factor French-Fama risk models are supplied with the application.
PORTFOLIO TILTING: Portfolio tilting can be used to push the Household to a particular investment goal, for example, buy higher Div/Yield securities or buy lower P/E ratio securities.