Step 6 · Review & Approve

Nothing ships without you

Rhea drafts; the advisor decides. Tweak any assumption and Rhea reproduces the affected analysis live — changing an input automatically re-opens sign-off on every section it touches. Each section requires an explicit sign-off stamped with who, when, and a verification hash, and the proposal cannot be finalized until every section is approved.

Rhea's read on the existing portfolio

Reasonably balanced today

Balance score

As it stands today, the portfolio is reasonably balanced relative to a balanced target for a growth mandate. Against the target model, the largest gap is in Equity (45.0% off model). The constraint on fixing it is tax: there is $0 of embedded gain in the book, so the path to balance has to be sequenced and budgeted rather than executed in a single rebalance.

Allocation vs. target model

Equity0%

-45%

Fixed Income0%

-30%

Alternatives0%

-15%

Real Assets0%

-5%

Cash0%

-5%

Bar = current weight · vertical line = target weight

Equity underweight

Equities sit at 0.0% versus a 45.0% target — 45.0% below model. The book is light on growth assets for the stated horizon.

Thin diversifiers

Fixed income and alternatives together are only 0.0% of assets, leaving little to cushion an equity drawdown relative to the 45.0% the target model carries in bonds and alts.

Considerations as we move

Stand up the 10.0% liquidity reserve before deploying into longer-horizon or illiquid sleeves, so transition timing is never forced by a cash need.

Market conditions overlay · as of June 2026

Reading today's backdrop through this portfolio

Regime: Elevated rates · concentrated, richly-valued equities · tight credit

The plan is being implemented into a backdrop of still-elevated front-end yields, rich and concentrated equity valuations, and tight credit spreads. That mix rewards locking in front-end yield, broadening concentrated equity exposure, and staying up-in-quality on credit. Cheap volatility makes this an opportune moment to put downside protection and overlays in place. These are conditions to act on, not forecasts — the transition is sequenced to be resilient across regimes rather than timed to this one.

Policy & front-end rates

Cash and T-bills still yield near cycle highs, with the curve normalizing as the easing path stays gradual.

Implication: Funding the liquidity reserve with a Treasury ladder locks in attractive front-end yield before it erodes.

Equity valuations & concentration

Index-level multiples are rich and historically concentrated in a handful of mega-cap names.

Implication: An 0.0% equity weight inherits that concentration; direct indexing broadens exposure while harvesting losses if leadership rotates.

Credit spreads

Investment-grade and high-yield spreads are tight, offering limited compensation for taking credit risk.

Implication: Lean the income sleeve toward high-quality duration and municipals rather than reaching into high-yield for incremental spread that is poorly paid today.

Volatility & hedging cost

Realized volatility is low and option premia are reasonable, making downside protection comparatively cheap.

Implication: A modest covered-call overlay can convert low volatility into incremental income without giving up much upside.

Reviewing advisor

Name & credentialsReviewer notes (optional)

Sections approved0/6

Approve every section to unlock proposal generation.

Client mandate & assumptions

Awaiting sign-off

Mateo & Sofia Reyes · $5.8M · primary purpose Growth, 12-yr horizon, risk 7/10.

Edge case to verify: Confirm tax bracket, NIIT, and eligibility flags — these drive every downstream recommendation.