Margaret Ellison, advisor (synthetic persona)Senior advisor, founder and executive practice, New YorkAbout $820M across 183 households; four relationships above $50M; 7 of those households are in this prototypeWho's who

Before you act

Every option, carried through to the morning after. The agent runs the consequences; you choose.

Agent read or preparedYou decide or sendClient said or holds

Options carried through

Clean the morning after

Need a supervisor's answer

Blocked by a rule or a finding

Renner: Sold a property for $4.1M. Money not yet on the platform

Morning after	Liquidity cover	Single-name concentration	Headroom under the ceiling	Core portfolio	Liquidity gap	Annual cost of the position	Sweep	Asked
Review	36 months+36 months	68%-3.3 points	-42.7 points+3.3 points	$18Munchanged	$0-$3.06M	$3K+$3K	No change	1
Review	36 months+36 months	68%-3.3 points	-42.7 points+3.3 points	$18Munchanged	$0-$3.06M	$5K+$5K	No change	1
Blocked	0 monthsunchanged	68%-3.3 points	-42.7 points+3.3 points	$18Munchanged	$3.06Munchanged	$28K+$28K	No change	2
Blocked	0 monthsunchanged	68%-3.3 points	-42.7 points+3.3 points	$21.1M+$3.06M	$3.06Munchanged	$14K+$14K	No change	1
Blocked	0 monthsunchanged	68%-3.3 points	-42.7 points+3.3 points	$18Munchanged	$3.06Munchanged	$46K+$46K	No change	2
Blocked	0 monthsunchanged	68%-3.3 points	-42.7 points+3.3 points	$18Munchanged	$3.06Munchanged	$54K+$54K	No change	4
Review	36 months+36 months	68%-3.3 points	-42.7 points+3.3 points	$18Munchanged	$0-$3.06M	$8K+$8K	No change	1
Blocked	0 monthsunchanged	68%-3.3 points	-42.7 points+3.3 points	$18Munchanged	$3.06Munchanged	$12K+$12K	No change	2

No price movement is assumed anywhere. Every figure is arithmetic over holdings as they stand; the same engines that read the book today read the copy.

If you chose Treasury ladder, 0 to 3 years, new cash

ClientConsequences for the household, before and after

Liquidity cover: 0 months to 36 monthsAgainst 36 months the household wants covered.+36 months

Single-name concentration: 71% to 68%The family's rule is 25%.-3.3 points

Headroom under the ceiling: -46.0 points to -42.7 pointsThe drift rule fires when concentration is rising and less than ten points of headroom remain.+3.3 points

Core portfolio: $18M to $18MUntouched by this action.

Liquidity gap: $3.06M to $0Closed in full.-$3.06M

Annual cost of the position: $0 to $3K10 basis points on $3.06M.+$3K

AgentThe morning sweep, run on the copy

3 account rules, no verdict changes1 already open on this household stay as they are.

3 passages cited, 1 disagreementWhat it would cite

The note would be correspondence8 retail recipients of this template in 30 days, firm-wide, against 25.

What it sets in motion

"71% of wealth in one stock; the family's rule is 25%" would have 6 eligible options instead of 4.
The note would cite two documents that disagree; the desk view has to be chosen and named.

AgentWhat a supervisor will ask

Which of the 3 eligible options were compared, and why this one?

YouStill yours

Choose the option and release the trade.
Read the rationale record and sign it.
Review the note, then send it.

Open the proposal

How the agent got there

step 1Read the proposalFund $3.06M into Treasury ladder, 0 to 3 years from new cash from the event.
step 2Checked the household's own rules5 IPS rules, all met.
step 3Applied it to a copy of the householdHoldings recomputed with no price movement assumed. 4 positions after, 3 before.
step 4Recomputed Liquidity, concentration and the goal gapLiquidity cover +36 months; Single-name concentration -3.3 points; Headroom under the ceiling +3.3 points; Liquidity gap -$3.06M; Annual cost of the position +$3K
step 5Ran 3 account rules on the morning afterNo verdict changes.
step 6Checked what the proposal can cite3 passages, 1 disagreement between current documents.
step 7Counted who the follow-up note would reach8 retail recipients of this template in 30 days firm-wide, so it is correspondence.
step 8Graded itReview: nothing blocks, but a supervisor will have questions.

What this agent is, and which step a model would own

The consequence agent applies a proposed action to a copy of the household and runs the same deterministic engines Relay runs on the real one: the household arithmetic, the constraint engine, every account rule in force, the evidence layer and the recipient counter. Nothing here is a forecast; no price, return or tax figure is estimated. In production a model might phrase the supervisor's questions more naturally. It would never decide what they are, and it would never grade an option.