Total portfolio value $250,000 · rebalancing band ±3% · taxable account
| Symbol | Description | Value | Current | Target | Drift | Over/Under | Band |
|---|---|---|---|---|---|---|---|
| INIT | INITECH LTD COM | $90,000 | 36.0% | 30.0% | +6.0% | +$15,000 | ⚠ outside band |
| GLOBX | GLOBEX CORP COM | $75,000 | 30.0% | 30.0% | 0.0% | +$0 | in band |
| ACME | ACME INDUSTRIES INC COM | $60,000 | 24.0% | 30.0% | -6.0% | −$15,000 | ⚠ outside band |
| FDRXX | FIDELITY GOVERNMENT CASH RESERVES | $25,000 | 10.0% | 10.0% | 0.0% | +$0 | in band |
Sells $15,000 · Buys $15,000 · trades under $250 or inside the band are suppressed
| Action | Symbol | Shares | Ref Px | Amount | Reason | Tax Note |
|---|---|---|---|---|---|---|
| SELL | INIT | 150 | $100.00 | $15,000 | Drift +6.0% vs 30.0% target | Realizes ~$15,000 gain — confirm holding period |
| BUY | ACME | 125 | $120.00 | $15,000 | Drift -6.0% vs 30.0% target | No sale — no tax impact |
The taxable account with a total market value of $250,000 is being rebalanced to ensure alignment with the target allocations. Two positions are outside of the 3% drift band, requiring adjustments. The INITECH LTD COM position is currently at 36% of the portfolio, exceeding its target allocation of 30% by 6%. To bring this back in line, we are selling 150 shares of INIT, which will realize a gain of approximately $15,000. It is essential to confirm the holding period to determine the tax implications of this sale.
Conversely, the ACME INDUSTRIES INC COM position is underweight at 24% compared to its target of 30%, representing a drift of -6%. To address this, we are buying 125 shares of ACME. This purchase does not involve selling any existing securities, so there will be no tax impact from this transaction. Directing new contributions to ACME could have also been considered as an alternative to buying, but given the current market conditions, the recommended trades are the most efficient way to rebalance the portfolio.
The GLOBEX CORP COM and FIDELITY GOVERNMENT CASH RESERVES positions are both at their target allocations, with no drift, and therefore do not require any adjustments at this time. After executing the recommended trades, the portfolio will be better aligned with its target allocations, and we will continue to monitor it to ensure it remains within the designated drift bands.
MERIDIAN WEALTH PARTNERS — REBALANCE INSTRUCTION
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Account: Client 100000001
Date: 2026-07-03
AUM: $250,000
Tax status: Taxable — mind gains and wash sales
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SELL ORDERS (day, limit at last ±15 bps; no chasing)
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Ticker Action Shares Ref Px Amount
INIT SELL 150 $100.00 $15,000
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Total proceeds $15,000
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BUY ORDERS (day, limit at last ±15 bps; no chasing)
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Ticker Action Shares Ref Px Amount
ACME BUY 125 $120.00 $15,000
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Total purchases $15,000