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April 2017 - What's New in Advisor Rebalancing
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In October 2016, we introduced new trading logic to prevent wash sale rule violations for dividend reinvestments in your clients' tax sensitive accounts. Now, we're adding an option to let you decide if you want dividend reinvestments to count towards wash sale rule violations or not. This option, the Include dividend reinvestments for wash sale restrictions check box, is available under Rebalance Settings on the System Settings page.
When you select this option, dividend reinvestments are added to the list of transactions Advisor Rebalancing checks to find wash sale rule violations. This will apply to rebalances, directed trades, and tax loss harvesting rebalances.
For those of you who use trading integration from Schwab, we've worked to improve your experience when producing versus purchase (VSP) trades. Previously, you may have seen a delay when using certain trade files that allow block trading or VSP trading. Now, fractional shares can be traded with up to four decimal places, including any whole shares traded, preventing possible delays and allowing trades to move through smoothly.
You won't see any changes to Advisor Rebalancing. All Schwab integration trading will work the same as it did before this release.
