Enrolling in our managed account means that you consent to all future rebalances on a non-discretionary basis. The reason why we won’t be able to run this strategy effectively if we ask for permission before each transaction is because oftentimes the rebalancing opportunities are time-sensitive. For example, if we get a rebalance trigger alert on a Friday, then you see our email after the weekend and then want to sell, the selling opportunity may be gone already.
The pro of this strategy is that it allows us to act fast on market movements while taking into consideration long-term/short-term tax implications, thereby optimizing the performance of your portfolio.