Allocation & Exposure

Liquidity Profile

Definition

The distribution of the portfolio across assets ranked by how quickly they can be converted to cash without significant price impact.

Why it matters

It matters when you need to act. A portfolio that looks well-valued can be illiquid at exactly the wrong moment.

What most investors miss

The gap between what the term means and how it is usually applied.

They assume listed securities are always liquid. Volume spreads and market conditions all affect real liquidity at the time of execution.

How to read it

Review liquidity not just value. Ask how much of the portfolio could be sold in a week without meaningful price impact.

Multi-account lens

How this term reads differently across brokers and accounts.

Across accounts liquidity can vary significantly. A consolidated liquidity view prevents overestimating available cash in a stress scenario.

Diagnosis first, then workflow, then fit.

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