The following report is a diagnostic tool intended to review your current financial situation and suggest potential planning ideas and concepts that may be of benefit. The purpose of the report is to illustrate how accepted financial and estate planning principles may improve your current situation.
This report is based upon information and assumptions provided by you (the client). This report provides broad and general guidelines on the advantages of certain financial planning concepts and does not constitute a recommendation of any particular technique. The consolidated report is provided for informational purposes as a courtesy to you. We recommend that you review your plan annually, unless changes in your personal or financial circumstances require more frequent review. All reports should be reviewed in conjunction with your fact summary and this Disclaimer page.
The term "plan" or "planning," when used within this report, does not imply that a recommendation has been made to implement one or more financial plans or make a particular investment. Nor does the plan or report provide legal, accounting, financial, tax or other advice. Rather, the report and the illustrations therein provide a summary of certain potential financial strategies. The reports provide projections based on various assumptions and are therefore hypothetical in nature and not guarantees of investment returns. You should consult your tax and/or legal advisors before implementing any transactions and/or strategies concerning your finances.
Additionally, this report may not reflect all holdings or transactions, their costs, or proceeds received by you. It may contain information on assets that are not held at the broker/dealer with whom your financial representative is registered. As such, those assets will not be included on the broker/dealer’s books and records. Prices that may be indicated in this report are obtained from sources we consider reliable but are not guaranteed. Past performance is no guarantee of future performance and it is important to realize that actual results may differ from the projections contained in this report. The presentation of investment returns set forth in this report does not reflect the deduction of any commissions. Projected valuations and/or rates of return may not take into account surrender charges on products you might own. They will reflect any fees or product charges when entered by the advisor/ representative. Deduction of such charges will result in a lower rate of return.
It is important to compare the information on this report with the statements you receive from the custodian(s) for your account(s). Please note that there may be minor variations due to calculation methodologies. If you have any questions, please contact your financial representative. Also, your account(s) may not be covered by FDIC or SIPC. FDIC and SIPC coverages apply only to certain assets and may be subject to limitations. Questions about coverage that may apply should be directed to the asset provider or sponsor.
The information contained in this report is not written or intended as financial, tax or legal advice. The information provided herein may not be relied on for purposes of avoiding any federal tax penalties. You are encouraged to seek financial, tax and legal advice from your professional advisors.
Tools such as the Monte Carlo simulation will yield different results depending on the variables inputted, and the assumptions underlying the calculation. For those reports that perform a Monte Carlo analysis, the term 'Monte Carlo' will be included in the report title. The assumptions with respect to the simulation include the assumed rates of return and standard deviations of the portfolio model associated with each asset. The assumed rates of return are based on the historical rates of returns and standard deviations, for certain periods of time, for the benchmark indexes comprising the asset classes in the model portfolio. Since the market data used to generate these rates of return change over time your results will vary with each use over time.
Monte Carlo Analysis is a mathematical process used to implement complex statistical methods that chart the probability of certain financial outcomes at certain times in the future. This charting is accomplished by generating hundreds of possible economic scenarios that could affect the performance of your investments.
The Monte Carlo simulation uses at most 1000 scenarios to determine the probability of outcomes resulting from the asset allocation choices and underlying assumptions regarding rates of return and volatility of certain asset classes. Some of these scenarios will assume very favorable financial market returns, consistent with some of the best periods in investing history for investors. Some scenarios will conform to the worst periods in investing history. Most scenarios will fall somewhere in between.
The outcomes presented using the Monte Carlo simulation represent only a few of the many possible outcomes. Since past performance and market conditions may not be repeated in the future, your investment goals may not be fulfilled by following advice that is based on the projections.
I/We have received and read this Disclaimer page and understand its contents and, therefore, the limitations of the report. Furthermore, I understand that none of the calculations and presentations of investment returns are guaranteed.
This report is an unofficial report of your account (“Unofficial Report”); it is not an official account statement for your IFP account and does not replace the statements you should receive directly from the account custodian/clearing firm (“Statements”). This report has been prepared by your IFP Advisor and is for informational purposes only. The official Statement are provided by the custodian and clearing firms utilized by IFP. If you notice any discrepancies between the reports and account Statements, please contact us. With respect to these Unofficial Reports, the information in this report has been prepared from data believed to be reliable, but no representation is being made as to its accuracy and completeness. Position values shown may be actual values or estimates made by your advisor. Values shown should only be used as a general guide to portfolio value and may vary from the actual liquidation values. The information in this report should not be relied on for tax reporting, accounting, or valuation purposes. Past performance is no guarantee of future results. Current values may be lower or higher than the values shown. We urge you to compare the information (e.g., market values, transactions, inflows, out flows, and fees) in this report with the information provided in the account statements you receive directly from your custodian of the assets. If you are not receiving statements from your custodian, please contact your custodian directly or call lFP Investor line at 800-211-5999. The report includes securities held in your IFP (accounts); IFP does not hold securities on your behalf, and which are not included on IFP’s books and records. These outside positions are securities held directly by an outside sponsor rather than in an IFP account. There may be differences in the way each outside securities position is reflected based on the various data sources used. If available, market value may be reflected for these outside positions. If you hold money market funds (Fund), an investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund. For fee-based account(s) only, the figures (returns) may be reduced by applicable advisory fees. Refer to your Advisor’s Form ADV Part 2A. Any figures that represent gross performance should be accompanied by net performance (performance after taking into account investment advisory fees and the various account and transactional costs). Performance may not be calculated for all outside securities positions. Information regarding outside securities positions may be limited because it is provided by a third-party source. This report may also include personal assets that the firm does not hold on your behalf, and that are not included on the firm’s books and records. Personal assets include the following: • Collectibles (e.g., art, antiques, coins, stamps) • Real estate (e.g., personal residence, vacation homes, investment property) •Intangible Assets (e.g., patents, trademarks, copyrights, goodwill) • Checking and savings accounts • Business ownership/interests (e.g., equipment, inventory, property, accounts receivables) •Insurance• Personal Property (e.g., cars, snowmobiles, etc.). Information about personal assets, when shown, is an accommodation to you. The value of personal assets has not been verified by the firm and is included for informational purposes only. You should not use information about personal assets on this report for lending, legal or tax purposes. You are encouraged to review and maintain any applicable source documents related to personal assets as they may contain notices, disclosures, and other important information. Accounts held away from IFP are not covered by SIPC Insurance. The IFP SIPC Membership provides account protection only to those assets held at IFP’s clearing firm. To the extent some of the other entities may be SIPC members, please contact your financial advisor or the other entities or refer to the other entities’ statements regarding SIPC membership.