We maintain a small cash balance in your portfolio to cover your fees, which are automatically deducted from this cash component each month. The cash balance is also the smallest amount that we can set aside such that we don't over-invest when buying a portfolio of assets without knowing their respective prices ahead of time.
Whenever possible, we strive to minimize your cash balance. When accumulated cash inflows from dividends and/or additional fund transfers made reached an economically viable investment level, our cash management algorithm will trigger the purchase of additional investments.
In the rare cases where your cash balance falls below the maintenance range, some assets in your portfolio will be sold to bring the cash balance back to the targeted level.
Kindly note that this applies to all Syfe Wealth portfolios, including Syfe Select Custom.