RIA — Position Sizing & Concentration Discipline

Industry front door for expected-value-and-kelly. Adds domain triggers, example, packs only. Parent Process unchanged. Not investment advice. Educational framework; apply within IPS and suitability.

Activate when: sizing a single-name or thematic position; a client with concentrated stock; setting max-position/rebalancing bands; "how much of the portfolio should this be?" Do NOT activate when: broad index allocation already governed by the IPS.

Why this variant

The parent expected-value-and-kelly sizes repeated positive-edge bets to maximize long-run growth without ruin. For an RIA, the discipline is inverted toward survival: fractional-Kelly thinking caps concentration so no single position can impair the client's plan.

Domain inputs → parent's Process

• Establish the edge is real and repeatable before sizing anything.
• Use fractional Kelly (e.g. ¼–½) — full Kelly is too volatile for client capital.
• Bound by IPS max-position and drawdown tolerance; the smaller of Kelly-implied and IPS cap wins.
• Treat concentrated legacy stock as an over-sized position to unwind on a tax-aware schedule.