IAR state registrations, Alpha Select sheet, Fiduciary report — 2026-06-08

Teams 1:1, 8:17 AM to 5:10 PM ET, sixteen messages. A working Monday: two Fiduciary Oversight Report refreshes, an Alpha Select analysis sheet, and a call to work through the IAR state registrations, followed by a client and website item Brandon wants JT to pick up.

Summary

• Brandon wanted a fresh Fiduciary Oversight Report; JT sent the 2026-06-08 file at 8:36 AM and a second refresh at 4:22 PM "Updated with EOD Schwab info" (run for the portal anyway).
• 11:07 AM: JT sent an Alpha Select versus iRebal comparison workbook with a walk-through: Alpha Select shifts holdings day to day on its quant ratings (buy, hold, strong buy); SYF is still held despite a downgrade from buy to hold below the threshold; column I shows the actual rebalanced allocation today versus an equal weight of about 4.1% across the twenty-four names; SanDisk is a strong buy the firm does not hold, along with several others. JT asked whether Brandon follows the sheet exactly or uses it as a reference; if exactly, he should use something like this for precision.
• JT proposed knocking out the rest of the IAR state registrations together; they agreed on a call late afternoon ("call ya in 5" at 4:19 PM).
• JT asked for a quick briefing on "that client of yours and that website" and how Brandon wants to proceed: JT reaches out and schedules a call, or Brandon runs lead.
• At 5:10 PM Brandon replied with two lines, "Todd Vykouk" and "Southern Gaskets", a person's name and a company name; who they are and what the website item is are not on file.

Decisions

• JT and Brandon: work the remaining IAR state registrations together by call rather than separately.

They asked me for

• Brandon Drespling: a fresh Fiduciary Oversight Report. Status: done 8:36 AM, refreshed again 4:22 PM.

I asked them for

• Brandon Drespling: whether he follows the Alpha Select sheet exactly or as a reference. Status: not answered in the chat.
• Brandon Drespling: a briefing on his client and their website, and whether JT or Brandon takes the lead. Status: answered by call; only the two names were typed.

Concerns and frustrations raised

• JT: the Alpha Select holdings drift from the model (SYF held after a downgrade; strong-buy names not held).

What they are focused on

• Brandon Drespling: the IAR state registration project; the Fiduciary Oversight Report; the Alpha Select model.
• JT: keeping the fiduciary sheet current alongside the portal refresh; getting the state registrations done.

Doable / not doable / needs a decision

• Precise Alpha Select tracking → doable with the comparison workbook if Brandon wants to follow the ratings exactly; needs his call.
• The client/website item → needs Brandon's decision on who leads; not settled in writing.

Action items

Mine

• Follow up on the client and website item once Brandon says who leads — no date — (Notion: not pushed)
• Fresh Fiduciary Oversight Report — done twice 2026-06-08

Theirs

• Brandon Drespling: say whether Alpha Select is followed exactly or used as a reference — no date
• Brandon Drespling: brief JT on the client and website; decide who reaches out — no date

Suggestions for me

• The two names Brandon typed are the only record of the client/website item; confirm with him what it is before anyone reaches out.
• The state registrations are a joint working session; keep the tracker in the shared file rather than in chat (Brandon later shared "IAR State Registration Project.xlsx" on 2026-06-11).

Notable quotes

"I don't know if you're going off this exactly 100% or you're just using it as a reference." — JT "Let's try to knock some of them out here in an hour or two?" — Brandon Drespling "Updated with EOD Schwab info" — JT