Why overlap is invisible without aggregation
Each account, viewed alone, looks reasonable. The duplication only emerges when every position is rolled up to the household level and grouped by underlying exposure rather than by ticker.
What the indicator measures
The MRI groups holdings by symbol and asset type, identifies clusters above a meaningful threshold of household value, and flags overlap that warrants a closer look. The score is preliminary — the advisor decides whether the overlap is intentional or worth unwinding.
Common patterns we see
Target-date funds layered on top of advisor-managed large-cap, multiple S&P 500 ETFs across taxable and retirement accounts, and high-correlation 'diversifiers' that move together in stress. The conversation starts here, not the recommendation.
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Receive a confidential, preliminary diagnostic across all five indicators. Advisor verification required before any recommendation.
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