We are pleased to share that Raise Trades are now in place; the system will now sell down by value rather than quantity, to generate the sells needed to cover fees.

This new approach will reduce the amount of residual cash left in accounts by more precisely matching the amount required.

Key Changes

Previously, when fees were raised through a fee-run event, the system would create sell orders based on a specified number of units, with an added 10% buffer to ensure sufficient coverage. This often resulted in residual cash being left in client accounts after the fee was collected.

These sell orders will now be generated using the Raise Trade method, which sells by value rather than quantity. This approach helps reduce residual cash left in the account.

How It Works

• The system will first attempt to use the Raise Trade method for auto-disinvestment fee events.
• If the account has sufficient eligible asset value required — a Raise Trade (sell-by-value) will be created.
• If not, the system will default to the previous behaviour and generate a sell-by-quantity trade with the 10% buffer.

Firm Impact

• You should observe fewer instances of residual cash remaining in accounts after fee events.
• This results in more precise fee funding, improved cash management, and potentially fewer manual adjustments.