A Client Portfolio is a target portfolio you build for one specific client, right inside their Investments tab. It's the escape hatch for when a firm model doesn't fit, and it lives only on that client.
You'll find it under Planning > Investments > Target Portfolios. The page shows two sections: Client Portfolios (editable, specific to this client) and Advisor Portfolios (read-only copies of your firm models from Settings).
Creating a Client Portfolio
Click Create Client Portfolio in the top right of the Target Portfolios tab. You'll get the same editor you use for firm models, with two modes:
By Asset Class — allocate across 9 asset classes that must sum to 100%
By Holdings — list tickers with weights and see a resolved asset-class preview
Give it a name and an optional description, save, and it'll show up in the Client Portfolios section. You can edit or delete it anytime using the pencil and trash icons on the card.
Advisor Portfolios don't have those icons. If you want to change a firm model, you do that in Settings > Model Portfolios, and the change flows to every client.
When to use a Client Portfolio instead of an Advisor Portfolio
Reach for a Client Portfolio when the firm model won't cleanly fit this client. Common cases:
The client has allocations that don't match any firm model you've built
There are restrictions breaking the model: a concentrated stock position, ESG screens, or held-away holdings you can't rebalance
It's a legacy or one-off portfolio you're not actively managing to a target
You're teaching or running a planning scenario for this client specifically
If the firm model fits, assign the Advisor Portfolio instead. It's less to maintain, and anything you change in Settings propagates automatically.
Assigning the Client Portfolio
Once it's created, a Client Portfolio assigns to accounts the same three ways any target portfolio does: direct per-account, Assignment Rules, or blended through rules that straddle an account. See Assigning Target Portfolios to Accounts for the full walk-through.
One thing to know
Client Portfolios don't propagate. They're scoped to the client you built them on and won't show up anywhere else. If you find yourself building the same Client Portfolio for multiple clients, that's a signal it probably belongs in Settings as a firm model.