Sample Wealth Analysis Report

Your Goals

What You Want to Accomplish

Every recommendation in this report considers these goals.

1
I want to reduce my investment fees
Your advisor fees and fund costs are detailed in the Fee Exposure section below.
2
I want to understand what I actually own
Your analysis below addresses this goal.
3
I want a clear plan for rebalancing
Your Action Plan and Execution Plan sections provide step-by-step guidance.

This report is built around your goals. Every section frames its analysis in terms of what you told us you want to achieve.

Section 01

Portfolio Overview

A snapshot of your complete household portfolio across 6 accounts.

Total Value
$3.08M
$3,079,433 across 6 accounts
Positions
85
47 in taxable alone
Health Score
47
Alignment + fees + diversity
Cash Drag
15.8%
$487K uninvested

Current Asset Allocation

Geographic Distribution

Section 02

Your Target Mix

Your portfolio is analyzed across 5 independent dimensions. Adjust any target below and the entire analysis recalculates in real time.

Asset Class Targets

Equities 62%
Fixed Income 12%
Real Assets 3%
Commodities & Gold 5%
Alternatives (Crypto) 3%
Infrastructure 5%
Structured Products 3%
Cash 3%
Defense 4%
Total: 100%
Section 03

Gap Analysis

Where your current allocation differs from your targets. Each facet is analyzed independently — a single position can appear in multiple gap categories.

Asset Class Current Target Gap Gap $
US Equities 56.6% 45.0% +11.6% +$357K
International Equities 7.2% 17.0% -9.8% -$302K
Fixed Income 1.7% 12.0% -10.3% -$317K
Commodities & Gold 3.2% 5.0% -1.8% -$55K
Infrastructure 7.8% 5.0% +2.8% +$86K
Crypto 5.0% 3.0% +2.0% +$62K
Cash 15.8% 3.0% +12.8% +$394K
Defense 0.8% 4.0% -3.2% -$99K

Problems Identified

CRITICAL
No Fixed Income
Fixed income is only 1.7% of your portfolio (target: 12%). A $317K gap leaves you exposed to equity drawdowns without a stabilizing buffer.
ALLOCATION
CRITICAL
Critical Underweight: International
International equity is 7.2% of your portfolio (target: 17%). A $302K gap means you're missing global diversification benefits.
ALLOCATION
HIGH
Excess Cash Drag
15.8% cash ($487K) vs a 3% target. $394K in excess cash is missing market returns and compounding opportunity.
ALLOCATION
HIGH
Sector Concentration
Technology represents 30% of your equity holdings. NVIDIA alone is 4.6% of the portfolio. Sector concentration amplifies downside during industry downturns.
CONCENTRATION
HIGH
No Emerging Markets
0% emerging market exposure against an 8% target. A $246K gap reduces geographic diversification benefits.
ALLOCATION
MODERATE
Small/Mid Cap Underweight
Small + mid cap exposure is 6.7% of equities vs 40% target. Over-reliance on large cap creates style concentration.
ALLOCATION
Section 04

Fee Exposure

The total cost of your current fund lineup and advisor fees, projected across your investment horizon.

Your estimated lifetime fee exposure
$342,000
Based on your current holdings, expense ratios, and a 1% AUM advisor fee over 15 years with projected market growth.
Advisor AUM Fee (1.0%)
Applied to total managed assets
$247,500
$30,794 / year
At 1% AUM on $3.08M, your annual advisor fee is $30,794. Over 15 years to retirement, accounting for 7% annual growth and compounding fee impact, this totals an estimated $247,500 in fees that would otherwise be invested.
Fund Expense Ratios
Weighted average: 0.31% across all holdings
$94,500
$9,546 / year
Your current fund lineup has a weighted average expense ratio of 0.31%. Optimized index alternatives averaging 0.05% would save approximately $8,000 per year — compounding to $94,500 over 15 years in potential savings.

Cumulative Fee Drag Over Time

$48K
5 years
$118K
10 years
$342K
15 years
$580K
20 years
$1.1M
30 years

What your data shows you can do about it

By optimizing fund expense ratios and evaluating whether ongoing advisory fees align with the services you receive, your portfolio data suggests potential savings of $8,000–$30,000 annually. The action plan below identifies specific options to consider.

Section 05

Fund Cost Comparison

Funds in your portfolio with similar, lower-cost alternatives tracking the same or comparable indices. Savings compound significantly over time.

Your Current Fund Lower-Cost Alternative Your ER Alt ER Annual Savings 20yr Savings
Artisan International Value
APDKX
Int'l Value · Active
Vanguard Intl Value
VTRIX
Int'l Value · Active
 1.15% 0.36% $435/yr $13,050
Lazard Global Infrastructure
GLIFX
Global Infrastructure · Active
iShares Global Infrastructure
IGF
S&P Global Infrastructure Index
 0.98% 0.41% $395/yr $11,850
Undiscovered Mgrs Behavioral Value
UBVLX
Small Cap Value · Active
Vanguard Small-Cap Value ETF
VBR
CRSP US Small Cap Value Index
 1.05% 0.07% $186/yr $5,580
Dodge & Cox Stock Fund
DODGX · 401k
Large Cap Value · Active
iShares S&P 500 Value ETF
IVE
S&P 500 Value Index
 0.51% 0.18% $271/yr $8,130
Pioneer Large Growth Fund
401k
Large Cap Growth · Active
Vanguard Growth ETF
VUG
CRSP US Large Cap Growth Index
 0.89% 0.04% $691/yr $20,730
MFS International Diversified
MDIZX · 401k
International · Active
Vanguard Total Int'l Stock ETF
VXUS
FTSE Global All Cap ex US Index
 0.80% 0.08% $616/yr $18,480
Harrison Street Real Assets
VCRRX
Real Assets · Active
Vanguard Real Estate ETF
VNQ
MSCI US REIT Index
 1.25% 0.12% $91/yr $2,730

Total potential fund cost savings

Across all identified alternatives, the data shows potential savings of approximately $2,685 per year, compounding to an estimated $80,550 over 20 years. Note: 401k fund options may be limited to your plan's available menu.

Section 06

Action Plan

Priority-ordered options to consider, organized by account and impact. Each action addresses one or more gaps identified in your analysis. You decide which to pursue.

1
Consider deploying $165K cash to bond allocation
Your Traditional IRA has 45% in money market earning minimal returns. Deploying to bonds addresses both the cash drag (15.8% vs 3% target) and the fixed income gap (1.7% vs 12% target) simultaneously.
Allocation
Addresses
2 gaps

Options to consider for bond exposure in this account:

FundTickerERIndex / StrategyAnnual Cost on $75K
iShares 20+ Year TreasuryTLT0.15%ICE US Treasury 20+ Year$113
iShares TIPS Bond ETFTIP0.19%Barclays US TIPS$95
Vanguard Total Bond MarketBND0.03%Bloomberg Aggregate$12
2
Consider adding international developed market exposure
Your portfolio is 83% US-concentrated vs a 60% target. International developed markets represent 40% of global market cap. Adding exposure diversifies geographic risk.
Allocation
FundTickerERIndex / Strategy
Vanguard FTSE Developed MarketsVEA0.05%FTSE Developed All Cap ex US
Vanguard FTSE EuropeVGK0.08%FTSE Developed Europe
iShares MSCI JapanEWJ0.50%MSCI Japan
3
Consider consolidating 20+ small positions
18 positions are each under 1% of total portfolio, creating monitoring complexity without meaningful impact. Consolidating to ~25 positions simplifies management and reduces tax reporting burden.
Simplify Tax
Frees up
~$211K
4
Consider reducing NVDA concentration from 4.6% to ~2.1%
NVDA is your single largest equity position. Combined with AVGO, MSFT, GOOGL, META and other tech names, your technology sector exposure is 30% — well above the 20% concentration limit.
Concentration
5
Consider adding emerging market exposure
Your portfolio currently has 0% emerging market exposure vs an 8% target. Emerging markets (China, India, Brazil) represent some of the fastest-growing economies globally.
Allocation
FundTickerERIndex / Strategy
Vanguard FTSE Emerging MarketsVWO0.08%FTSE Emerging Markets
iShares MSCI Emerging MarketsEEM0.70%MSCI Emerging Markets
6
Consider replacing high-ER active funds with index alternatives
Seven funds in your portfolio have expense ratios above 0.50%, with lower-cost alternatives tracking similar indices. See the Fund Cost Comparison section for specific options.
Fee Reduction
Est. savings
$2,685/yr
Section 07

Execution Plan

What to do and why — grouped by intent, then sequenced into a weekly timeline.

Reduce Fund Costs

Lower expense ratios without changing your strategy

Saves $2,685/yr
Switch Artisan Intl Value (1.15%) → VTRIX (0.36%) $435/yr savings
Switch Lazard Global Infra (0.98%) → IGF (0.41%) $395/yr savings
Switch 6 additional fund swaps across IRA and 401(k) accounts $1,855/yr savings

Simplify Your Portfolio

Consolidate overlapping positions

20 positions to consolidate
Consolidate 20 small positions (each <1% of portfolio) add complexity without meaningful impact. Consolidate into 3-4 diversified index funds. 85 → ~32 positions
Evaluate IVV overlaps significantly with direct stock holdings (AAPL, MSFT, NVDA). Consider removing to reduce hidden duplication. Reduces overlap

Align Your Allocation

Bring your portfolio closer to your target mix

8 actions
Deploy $394K excess cash into fixed income and international positions $394K deployed
Trim NVDA from 4.6% to 2% target — reduce single-stock risk $50K redeployed
Buy International developed (VEA, VGK, EWJ) to close 16.6% gap $511K gap closed
Buy Emerging markets (VWO) to establish 8% target allocation $246K gap closed
Buy Fixed income (BND, TLT, TIP) to reach 12% target $317K gap closed
Buy Defense exposure (LMT, RTX, NOC) to reach 4% target $99K gap closed
Week 1 6 trades

Tax-Advantaged Rebalancing

Deploy IRA and 401(k) cash into underweight positions. No tax consequences.

  • Buy TLT in Traditional IRA ($75K)
  • Buy TIP in Traditional IRA ($50K)
  • Buy BND across Traditional IRAs ($90K)
  • Buy VWO in Roth IRA ($25K)
  • Switch Artisan Intl → VTRIX in 401(k)
  • Switch Lazard Global Infra → IGF in 401(k)
Week 2 8 trades

Taxable Account — Simplify & Trim

Consolidate small positions and reduce concentrated holdings. Verify LTCG eligibility.

  • Consolidate 20 small positions (~$211K)
  • Trim NVDA from 619 to ~349 shares (~$50K)
  • Evaluate IVV overlap (~$100K)
  • Trim PAVE, MSFT, AVGO to target sizes (~$88K)
Week 3 6 trades

Taxable Account — Diversify

After settlement, deploy proceeds to target positions.

  • Buy VEA, VGK, EWJ — International Developed ($145K)
  • Buy VWO — Emerging Markets ($60K)
  • Buy LMT, RTX, NOC — Defense ($75K)
  • Buy XOM, CVX, GDX — Energy & Gold ($90K)
Week 4

Verification

Review all trades. Confirm positions match targets, no wash sale violations.

~20 total trades Commission-free at most major brokerages
Section 08

Tax Considerations

Estimated tax impact of the taxable account changes outlined in the action plan. IRA transactions are tax-deferred and not included here. Consult your tax advisor before acting.

Estimated Capital Gains

$259,441
Assuming all positions held >1 year (LTCG)

Estimated Tax (15% LTCG)

$38,916
MFJ taxable income <$583K threshold

Estimated Tax (20% LTCG)

$51,888
Above $583K MFJ threshold

With NIIT (23.8%)

$61,747
AGI >$250K MFJ triggers 3.8% surtax

Strategies to Consider

1 Verify all positions have been held over 1 year to qualify for long-term capital gains rates.
2 Consider spreading taxable sales across 2026 and 2027 if nearing a bracket threshold.
3 Identify any positions with unrealized losses that could be harvested to offset gains.
4 Maximize 401k and IRA contributions to reduce AGI in the year of sale.
5 Consider charitable giving of appreciated shares (avoid capital gains entirely on donated amount).

This is not tax advice. Tax situations are highly individual. Please consult a qualified tax professional before making investment decisions with tax implications.

Section 09

Before & After

What your portfolio could look like if all recommendations are implemented.

Health Score
47 Current
78 Projected
Annual Fees
$40,340 Current
$7,655 Projected
Largest Gap
23.0% Current
2.1% Projected
Est. Annual Savings
$32,685 per year from recommendations

Allocation Changes

US Equities 56.6% → 45.0% -11.6%
International 7.2% → 17.0% +9.8%
Fixed Income 1.7% → 12.0% +10.3%
Cash 15.8% → 3.0% -12.8%
Infrastructure 7.8% → 5.0% -2.8%
Crypto 5.0% → 3.0% -2.0%
Total Equity
88% → 68%
-20%
Bonds
0% → 7%
+7%
International
5.4% → 18%
+12.6%
Cash Drag
15.8% → 3.0%
-12.8%

Projected Allocation After Rebalancing

Projections assume all recommendations are implemented. Actual results will vary based on market conditions, timing, and individual circumstances.

Section 10

Asset Location Optimization

Opportunities to reduce tax drag by placing assets in the right account types.

Annual Tax Drag
$4,218
from suboptimal placement

Location Issues

Ticker Holding Current Optimal Reason Annual Drag
VNQ Vanguard Real Estate ETF REITs generate non-qualified dividends taxed at ordinary income rates. Holding in IRA eliminates annual tax drag. $1,842
SCHD Schwab US Dividend Equity ETF High-dividend ETFs generate annual taxable income. Tax-advantaged placement defers all distributions. $1,156
MUB iShares National Muni Bond ETF Municipal bond income is already tax-exempt. Holding in IRA wastes the tax benefit and converts to ordinary income on withdrawal. $892
NVDA NVIDIA Corp Growth stocks benefit from long-term capital gains rates (15%) and step-up in basis. IRA converts all gains to ordinary income. $328
Section 11

Behavioral Insights

Common investor patterns detected in your portfolio — awareness is the first step.

Your portfolio shows 3 common behavioral patterns that may be affecting your returns.

Home Country Bias
CAUTION
Investors tend to over-allocate to their home country, missing global diversification benefits.
In your portfolio: You hold 83% US equities. Your risk profile suggests 60% US with 22% international developed and 8% emerging markets.
Consider: Adding international developed and emerging market exposure through low-cost index funds like VXUS or IXUS.
Recency Bias
CAUTION
Overweighting recent winners and extrapolating short-term performance into the future.
In your portfolio: Technology represents 30% of your equity allocation. Top performers like NVDA (4.6% of portfolio) reflect strong recent returns but increase sector concentration risk.
Consider: Rebalancing tech exposure toward your target allocation to lock in gains and reduce sector-specific downside risk.
Excess Cash Drag
WARNING
Holding more cash than your target allocation means those dollars aren't compounding at market rates.
In your portfolio: 15.8% of your portfolio ($487K) is sitting in cash. Your target is 3%. That's $394K in excess cash missing market returns.
Consider: Deploying excess cash according to your target allocation over 2-4 weeks to reduce timing risk while putting capital to work.

Behavioral patterns are common among all investors and are not inherently negative. Awareness helps you make more intentional decisions aligned with your goals.

Section 12

True Diversification

How diversified your portfolio really is, beyond position count.

85 → 28
positions effective bets
6 / 10 — Fair

You think you have 85 positions. You effectively have 28 independent bets. Multiple holdings in the same sector or asset class move together, reducing true diversification. Diversification score: 6/10 (fair).

Correlation Buckets

Bucket % of Portfolio Holdings Sample Tickers
US Large Cap Growth 24.8% 18 NVDA, AAPL, MSFT, AMZN, META
Cash & Equivalents 15.8% 6 SGOV, Money Market, Settlement
Structured Products 12.1% 8 Various buffered notes
US Large Cap Value 11.2% 14 IVV, SCHD, JPM, UNH
Infrastructure 7.8% 3 PAVE, GII, IGF
International Developed 5.4% 4 VXUS, EFA, ARTIX
Crypto 5.0% 2 BTC, ETH
Gold & Miners 3.2% 3 IAU, GDX, GDXJ
Fixed Income 1.7% 2 AGG, BND
Section 13

Analysis Summary

A plain-language overview of your portfolio analysis findings.

Portfolio Composition

Your household portfolio of $3.08M is spread across 6 accounts with 85 individual positions. The Joint Taxable account holds 50.6% of total assets and contains 40+ individual stocks, ETFs, structured notes, and gold. The remaining assets are distributed across two Traditional IRAs, two Roth IRAs, and a 401k plan.

Your portfolio is currently positioned as an aggressive growth portfolio — approximately 88% equity with zero dedicated bond exposure. For a 50-year-old household 15 years from retirement, this allocation carries higher volatility risk than your stated moderate risk tolerance suggests.

Key Findings

The analysis identified several areas where your current allocation differs significantly from your stated targets. The most notable gaps include: a $317K shortfall in fixed income, a $511K shortfall in international developed market exposure, zero emerging market exposure, and $394K in excess cash earning minimal returns.

Your technology sector exposure at 30% is well above typical concentration guidelines. NVIDIA alone represents 4.6% of the total portfolio. While these positions have performed well historically, concentrated sector bets increase vulnerability to sector-specific downturns.

On the positive side, your portfolio has a strong cost foundation. Most individual stocks carry no ongoing fees, and your core ETF positions (IVV, PAVE, IAU) have competitive expense ratios. The primary fee optimization opportunity is in the actively managed mutual funds, where lower-cost index alternatives could save approximately $2,685 per year.

Context: Hard Assets

It is worth noting that this analysis covers only your investable securities portfolio. Households with significant hard assets — real estate, business equity, or other illiquid holdings — may reasonably target different allocations in their securities portfolio. For example, substantial real estate holdings could justify a lower bond allocation, since real estate already provides inflation protection and income characteristics similar to bonds.

Important: Unmanaged provides data-driven portfolio analysis tools. This report presents your portfolio data alongside educational context about asset allocation, fees, and diversification principles. This is not investment advice, and Unmanaged is not a registered investment advisor.

All recommendations are framed as options to consider based on your self-selected targets. Past performance does not guarantee future results. Tax implications are estimates only — consult a qualified tax professional. Fund alternatives are suggested based on similar index exposure and lower expense ratios; they are not endorsements.

You are responsible for all investment decisions. Consider consulting a qualified financial professional before making significant portfolio changes.

Report generated April 10, 2026 · Data as of market close April 9, 2026