A target model is your goal allocation; rebalancing measures every target-assigned account against it. Three ways to get one:
- Derive from holdings (fastest honest start): on Target Models, click Derive from holdings, pick an account, and its current mix becomes an editable model. Tune it from there.
- Import a model spreadsheet, or pick a ready saved model from the Available filter on the models overview.
- Build by hand: 1. Add model, name it, set its rebalance schedule. The new model opens in its own builder, ready to fill. 2. Under Slices & funds, + Add slice once per asset class you want to hold, and type each one's % of the whole model in the row. Its Details… drawer is where you name it, set the category the Screener matches against and, for a T-bill/CD ladder or a self-directed slice, say which slice type it is. 3. Open a slice's caret and + Add fund the exact tickers that fill it. A lone fund is locked at 100% of slice; with two or more, each field is its % of that slice and the model share is shown beside it. 4. Press Save model changes. Nothing is written until you do, and the whole allocation commits at once. Stop when the model reads Valid · 100%: slices total 100% and every filled slice has a complete 100% fund split. A model that is not there yet still saves; it reads Review.
Cash, self-directed and fixed-income-ladder slices deliberately do not require an ordinary fund list. The slice topic explains how each one is filled.
Then assign it: on Accounts, edit each account and pick the model as its target (rebalancing trades toward it) or its reference (compared against, never traded toward; it is a benchmark). Rebalancing and the Dashboard light up immediately.
Setting up a brand-new account instead? The wizard asks how you invest it first: track what I hold (your own picks, no trades suggested), hit a target mix, or follow a mix for part of it. It shows exactly what a model would do to your holdings before you commit.
The whole builder edits one model and one dated version, as one unsaved draft. The version strip above the allocation is where that version is chosen. Switching version with unsaved work asks first. When the allocation changes in real life, add a dated version instead of correcting an old one; a past version opens read-only for exactly that reason.