Mark each account as self-directed, advisor-managed, or institutional so Ironlake frames its analytical surfaces correctly - actionable, conversation-ready, or read-only context.

Not every account is one you trade yourself. Some are run by an advisor; some - a pension, an annuity, an employer plan - you do not control at all. Ironlake tracks all three, but it frames its analytical surfaces differently depending on which kind an account is. That framing comes from the account's management type.

The three types

Self-directed - you manage it yourself. Allocation, rebalancing, and tax surfaces treat its positions as things you can act on directly.
Advisor-managed - an advisor runs it. The same surfaces still include the account, but they frame the results as conversation inputs for your next advisor meeting rather than unilateral actions. This is what the Cost & Performance and Quarterly Meeting Prep tools are built around.
Institutional - an employer plan, pension, or annuity with restricted discretion. Ironlake tracks and values it as read-only context that still counts in your household totals, but it is not treated as an action target.

Step 1 - Open the account

Go to Entities, open the entity that owns the account, and open the account. Management type is set when you create an account and can be changed any time from the account's page.

Step 2 - Choose the management type

Pick self-directed, advisor-managed, or institutional. Each option carries a short description of what it means so you can match it to how the account actually works.

What changes when you do

The label travels with each account into the analytical surfaces, where the tools built around it adjust their framing:

Cost & Performance and Quarterly Meeting Prep are built around the advisor-managed framing: they use those accounts to help you bring better questions to the table - the tone is constructive, never "your advisor is underperforming."
The management type travels with each account's data through the analytical surfaces, so a tool can frame an advisor-managed or institutional account appropriately rather than treating everything as something you trade yourself.
Institutional accounts appear in household rollups but are framed as fixed context.

A separate rule: tax-advantaged accounts

Management type is about who manages the account. Whether an account appears in a given tax tool is a different question, driven by account type. Tax-advantaged accounts - traditional and Roth IRAs, HSAs, and 401(k)s - and any account you flag as non-taxable are set aside from the current-year taxable-event tools, the Loss Harvesting Scanner and capital-gains scenarios, because no current-year taxable event applies inside them. They still appear in the tools that are about them: income by tax character reports their income as a separate sheltered total, and the year-end checklist uses your IRA and 401(k) accounts for the RMD and Roth-conversion items. That handling is driven by account type, regardless of management type.

What you have now

Every account is labeled with how it is managed, so the analytical surfaces speak about each one in the right register - actionable for what you run, conversation-ready for what an advisor runs, and context for what neither of you controls.

Set up your accounts