Dramatic guardrail shifts

Anyone else have some of their Tracked & Monitored plans experience pretty dramatic shifts in their guardrails after the April update? We had some upper guardrails drop considerably and at least one lower guardrail bounce up a lot.

I'm guessing it's partly related to market volatility in the last quarter? but I admit I don't fully understand how the guardrails are calculated.

We booked a training session to try to get some clarity but just curious if anyone else has seen similar shifts in their client plans.

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