Capture a point-in-time monthly review in Ironlake - allocation vs. your model, income by tax character, band breaches, and the decisions you made - as a permanent record.

A review cadence is what turns a plan into a system. A monthly review in Ironlake is a short, point-in-time snapshot: where your allocation sits against your model, what your income looks like by tax character, whether anything has drifted outside your IPS bands, and what you decided during the period. Each one is saved as a permanent record you can look back on.

Before you start

You need an active IPS and an asset allocation model - the review is built against them. A recorded balance snapshot is what gives the review its dollar figures: the income projection is computed from your model's per-class assumptions applied to the portfolio value in your latest snapshot, so without a snapshot the review has no value to project from. Adding a sleeve-level breakdown to that snapshot also fills in the actual-vs-target allocation. The income figure reflects your model rather than your imported positions. Creating a review is owner-only.

Step 1 - Start a new review

Go to Journal, open Reviews, and start a new monthly review.

Step 2 - Set the review date

Pick the date the review covers. You can back-date it: the date selects which balance snapshot and which decision-journal entries the review pulls in. Your targets and income assumptions, though, come from your current active plan and model - the review does not reconstruct the policy that was in force on a past date, so a back-dated review reads historical balances and decisions against today's targets.

Step 3 - Read the prefilled snapshot

Ironlake assembles the review for you as of that date:

Allocation - your sleeve targets, shown against your actual mix and flagged for any IPS-band breach when you have recorded a balance snapshot with a sleeve-level breakdown; without that breakdown you see the model targets on their own.
Income by tax character - annualized, computed from your model's per-class assumptions applied to your current portfolio value.
Recent decisions - the Decision Journal entries from the 30-day window ending on the review date, so the period's activity is in front of you.

Step 4 - Add your notes and save

Add your own commentary - what you are watching, what you changed, what you decided to leave alone - and save. The review is then a fixed snapshot: it preserves the allocation, income, and decision record as they stood on that date. To revise, you create a new review rather than editing an old one, so the history stays honest.

What you have now

A dated, immutable record of where the portfolio stood and why you did what you did. Run consistently, these reviews become the backbone of your decision journal discipline. The annual review tells the year's story from the same raw inputs - your balance snapshots and decision-journal entries - rather than from the monthly reviews themselves, so the habit that matters is recording snapshots and journaling decisions as you go.

Start a review