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When you are viewing your portfolios on TradeSmith Finance, you may notice thatwe show both TradeSmith Value and Brokerage Value. One place you will see this is under My Portfolios | Manage.
These two values may differ. Please see below for the definition of these two terms:
- TradeSmith Value – We add the value for all securities tracked within TradeSmith Finance. We calculate the value using this formula: Latest Close Price x Shares + Cash.
- Brokerage Value – This is the value that we receive from the Broker when we synchronize your account.
So why are they different? There could be several reasons:
- You are holding securities we are not able to track (such as bonds).
- TradeSmith Value is based on latest close. If the Brokerage Value uses intraday prices, it woud show the value from the Broker at the time of synchronization.
- You have just recently sold or purchased a position and TradeSmith Finance has not yet updated.
*Note – The tabs and features you see on your TradeSmith Finance site will vary based on subscription(s) and subscription level(s). Pictures in our Education Center articles are taken from a TradeSmith Platinum account.