Portfolio analysis
Holdings, exposures, objectives and allocation proposals.
Account context
A portfolio decision starts with holdings, cash, pending orders and unsettled movements. It also needs a valuation time. Missing account information is a gap to resolve, not permission to assume an empty portfolio.
Objectives and constraints
Reducing concentration, keeping a cash reserve and following a forecast are different objectives. State the investment universe, the limits that must hold and the costs you are willing to incur.
A useful proposal explains how the allocation serves that objective. If the limits cannot all be satisfied, the system identifies the conflict instead of silently relaxing them.
Costs and alternatives
A proposed position may add exposure you already have elsewhere. Small adjustments may cost more than they improve the portfolio. Evaluate concentration, related risks, turnover and estimated execution costs beside any expected benefit.
A target is a proposal
The target allocation describes where you might want the account to go. Orders describe proposed changes. Fills and settlement establish what actually changed. Partial execution can leave the account between the starting position and the target; the next decision needs that observed state.