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WALLACE TERMINAL

The terminal for independent advisors.

SMA design, custom direct indexing, tax-loss harvesting scans, projections, research, client-ready reports, and more generated in plain English.

Save hours. Win clients. Play more golf.

Book a demoSee how it connects

Connected to your custodian. You approve every trade.

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§ 01 · THE SHIFT

Every workflow you dread is now a sentence.

Kitces Research finds advisors spend about 45% of their time on behind-the-scenes prep and only 20% with clients, most of it operating software, not exercising judgment. Wallace collapses the operating onto one canvas.

THE OLD WAY

Build a custom SMA through a spreadsheet, a vendor portal, and a phone call.

WITH WALLACE
›Exclude tobacco. Cap tech at 25%. Tilt toward value.

1 SMA · 501 holdings · 1.8% tracking error · orders in one click

THE OLD WAY

Harvest losses once a year, in December, account by account, hoping nothing trips a wash sale in the spouse's IRA.

WITH WALLACE
›Show me today's harvest candidates.

Daily harvest scans with household wash-sale prevention¹

THE OLD WAY

Model a tax-aware transition in Excel over a weekend.

WITH WALLACE
›Transition this portfolio with a $40k gain budget.

Losses sold first, long-term gains next, short-term gains deferred, all inside your budget

THE OLD WAY

Assemble quarterly reports from three systems and a screenshot.

WITH WALLACE
›Generate Report

The Hendersons' household review, built from the holdings on file and ready as a PDF

See it in action

Four jobs you used to do by hand.

Four moments from the Terminal, dynamic and personalized to your practice.

Ask anything about your book.

Concentration, drift, harvest candidates, exposure by household. Ask in plain English and Wallace answers from live account data, as a table you can act on.

  1. 1Ask a question
  2. 2Wallace reads the book
  3. 3Act on the answer
Not tax advice

Harvest the loss. Keep the exposure.

Wallace scans every account for harvest candidates each day and suggests replacements that keep the economic exposure. You pick the swap, and Wallace writes the harvest orders for you to place.

  1. 1Spot the candidate
  2. 2Pick the replacement
  3. 3Create the harvest orders

One click. The whole household review.

Generate Report builds a client-ready household review from the holdings on file: performance against the S&P 500, each portfolio's projection and holdings, ready to download as a PDF.

  1. 1Open the client
  2. 2Click Generate Report
  3. 3Download the PDF

Build the routine once. Run it on the whole book.

Click a routine together once from Wallace's research steps, then run it whenever you need it. Wallace works through every step across your clients and hands back a digest of what needs you.

  1. 1Build the routine
  2. 2Press Run
  3. 3Work the digest
§ 02 · BENEFITS

Six ways Wallace lifts client outcomes.

A tax-aware portfolio engine, plain-English customization, and goals-based planning, each composing into a single client account.

01Daily¹

Tax-loss harvesting

After-tax alpha, surfaced daily. Account-level scans with household wash-sale prevention and projected savings. You decide what to act on.

02Plain English

SMA customization

Describe the strategy. Wallace builds it with tilts, screens, exclusions, and sector caps, a complete blueprint in seconds, ready to implement at your custodian.

03∞

Goals-based planning

Every goal, retirement, college, a second home, gets its own SMA and its own forward projection.

043×

Hypotheticals

Model the move before you make it. Compare after-tax outcomes, tracking error, projections, and simulations in seconds.

05Live

Research

Ask anything about the book, concentration, drift, harvest candidates, exposure by household. Answers from live account data, not last quarter's export.

06On demand

Dynamic reports

The report writes itself. One click builds a client-ready household review from the holdings on file: performance against the benchmark, harvesting activity, and each goal's projection.

§ 03 · WHY INTELLIGENCE PAYS

The value was always there. The labor was the barrier.

Cerulli reports only 18% of advisors use direct indexing, and 26% with access still decline it. The blockers are operational: minimums, cumbersome tools, manual transitions. The research on the value is consistent: Morningstar found the tax benefit of direct indexing is meaningful, especially in a strategy's first years. Wallace removes the labor between your clients and that value.

Early years
when research finds direct-indexing tax benefits tend to be largest (Morningstar)¹
18%
of advisors use direct indexing today (Cerulli, 2025)
76%
use or plan to within 12 months (FTSE Russell, 2025)
Estimated after-tax growth
Tax-aware by design, every account, every day¹
Year 1
Year 5
Year 10
With Wallace
Without harvesting

Illustrative, not a forecast. Harvesting benefits depend on markets, realized gains, and advisor action; results vary and are not guaranteed. Sources: Morningstar; Cerulli; FTSE Russell.

§ 04 · HOW IT CONNECTS

The Terminal in front. Your custodian behind.

Wallace plugs straight into your custodian's data. We never take custody, move assets, place trades, or require new accounts. You stay adviser of record on every account.

Trade plan

Orders leave as a file. You place them.

Approved trades become an order file in Schwab's own format. You place it at Schwab, and nothing moves in Wallace until you import the fills.

01 · ADVISOR

Asks, reviews, decides.

Every recommendation is yours to act on. Wallace informs the decision; you make it.

02 · WALLACE

Personalizes, scans, structures.

Resolves your request against live account data and delivers the scans, analyses, and reports.

03 · CUSTODIAN

Holds the assets and the data.

Wallace connects directly to your custodian's data. No re-papering, no new accounts, no change to how you trade.

1
Custodian connection, enabled account by account.
100%
Decisions stay with you. Wallace informs; you act.
0/3
Custody · discretion · execution. None of the three.
4w
From kickoff to first live connection.

MORE WAYS TO USE WALLACE

Wallace Understudy: the advisor digital twin

A digital twin of how an advisor runs the practice, validated against what they actually do, for training, continuity, and succession. A separate, self-serve product with a free trial. Nothing to connect; it does not require the Terminal or a custodian connection.

See Wallace Understudy at wallaceunderstudy.io
FAQ

Questions, answered.

Still curious? Book a demo and we'll walk your book.

Why Wallace?+

One terminal for the whole job: direct index design, tax-loss harvesting, SMA modeling, goals-based planning, simulations, research, and reporting, all driven in plain English and connected to your custodian's data. Skip the patchwork of vendors: the most powerful solution in the simplest interface.

How is Wallace regulated?+

Wallace is an SEC-registered investment adviser. We license and white-label our software to RIAs, CFPs, and institutional partners. Wallace takes no custody, no discretion, places no trades, and is not a sub-adviser. Every investment decision is yours, and you remain adviser of record. Services are end-to-end encrypted, with modularity to swap custodians, KYC providers, and research tools.

What does Wallace do?+

Three pillars: a tax-aware portfolio engine, SMA customization and personalization, and goals-based wealth management, all driven by a natural-language layer for research, simulations, and reporting. A patent-pending AI allocation engine turns any client idea into a custom, tax-aware SMA blueprint in seconds, plugged directly into your custodian's data.

How do I get in touch?+

Email support@wallacefinance.io for inquiries, support, and feedback, or book time with our team from any button on this page.

GET STARTED

Transform your client's experience.

Tax-aware engines, customization, and goals-based wealth management, in one platform. Tell us about your firm and we'll walk your book.

SEC-registered investment adviser. No discretion; you approve every trade.

Book a demo

See the platform on real advisor workflows. We'll follow up within one business day.

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