What does "Validated" or "Needs review" mean on a brokerage account?

Each brokerage account in the Portfolio tab carries a badge that tells you how much to trust the extracted numbers. It reads either Validated or Needs review.

What does the badge check?

A brokerage statement prints its own totals: the total market value of holdings, total sales, total purchases, and total realized gains. CounselPro adds up the rows it extracted for each of those sections and compares them to the total the statement printed.

• Validated, the green badge, means every section CounselPro could check added up to the total the statement printed. The numbers tie out.

• Needs review, the amber badge, means a section did not match, or the statement did not print a total to check against. The badge names the section, for example "holdings market value: off by $1,240" or "security sales: no printed total."

How is this different from bank reconciliation?

Bank statements use a running balance check: beginning balance plus the transactions should equal the ending balance. A brokerage statement does not work that way, so instead of one balance test, CounselPro checks each section against its own printed total. See what reconciliation does for the bank side.

When an account needs review, use the row's source link to compare the extracted figures against the statement page and see where the gap is.