Published By TradeSmith Customer Success
When you are viewing your portfolios on TradeSmith Finance, you may notice that we 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 the latest close. If the Brokerage Value uses intraday prices, it would 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.