Financial analysis and planning services may be provided to you through your affiliation with Avantax Investment Services, a registered broker/dealer, Member FINRA/SIPC or its affiliated registered investment adviser, Avantax Advisory Services (together “Avantax”). Avantax offers access to eMoney software in conjunction with its financial planning services (or Avantax may offer eMoney software without financial planning services.)
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). It also 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.
The reports furnished are dependent on the financial information that you provide as well as the interest rate/rate of return assumptions that have been agreed upon. All future predictions are hypothetical, based solely on hypothetical rates of return and your financial information as provided. All financial data values provided are current only as of the date of this analysis. Calculations illustrating income tax concepts and deductions, as well as investment gains and losses are based solely on the data provided by you.
All examples, charts, and graphs that depict future values, expenses or other estimated numbers are hypothetical in nature and are not intended to be actual future numbers, but rather an estimation based on reasonable assumptions. This material uses hypothetical rates of return to depict future values for various investments, which may include mutual funds, variable life insurance, variable annuities, stocks, bonds and cash or cash equivalents. Actual results will vary; even a slight difference in the assumptions used can produce vastly different results. The information provided herein may not be relied on for purposes of avoiding any federal tax penalties.
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.
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 return 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.
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.
This summary report was prepared by your representative for informational purposes only. This document is not a statement or a guarantee of account or future values. Any inaccuracies within this document may impact the recommendation provided to you. This report should not be relied upon for tax purposes. The information included in this summary has been obtained electronically from various sources that regularly provide such data and/or directly from the client. The data is believed to be reliable, but no representation is made as to its accuracy or completeness. Values may be subject to market value adjustments and other factors. For further verification and information, please refer to the account statements provided by your account custodians and product sponsors. This report does not replace your official account statements. You should retain and review your official account statements to verify the accuracy of the information included in this report. Please notify your Advisor promptly in writing of any concerns regarding the accuracy of the information contained in this report.
Avantax has made no attempt to review your property and liability insurance policies. Avantax strongly recommends that you consult with your property and liability insurance agent to review your current coverage to ensure that it continues to be appropriate. In doing so, you may wish to review the dollar amount of your coverage, the deductibles, the liability coverage, and the premium amounts.
You will receive financial planning services from Avantax only if you have entered into a financial planning agreement with Avantax Advisory Services. The financial planning services will include various recommendations and planning strategies, depending on the nature of the services selected. These may include recommendations to allocate your assets among generic product or account types. These services do not include recommendations, however, to implement a financial plan through Avantax or its affiliates, you will receive separate recommendations of specific products or services applicable to your situation. Implementation of financial planning recommendations is your responsibility. Your Advisor, in addition to being an investment adviser representative of Avantax Advisory Services, may also be a registered representative authorized to sell investments and earn commissions through Avantax Investment Services and/or an insurance agent licensed with one or more insurance companies. In those capacities, and separate from the financial planning services provided, Advisor may offer to help you implement one or more recommendations presented in the financial plan.
If you have entered into a financial planning agreement with Avantax and you accept your Advisor’s offer to assist with implementation of the financial plan, additional recommendations to invest in specific products or accounts or to purchase additional investment advisory services will be made. However, these recommendations will be limited to those products, accounts and services that your Advisor is properly licensed to sell. You are under no obligation to implement the financial plan, or to purchase any investment, insurance product, or other advisory service through your Advisor or any Avantax affiliate. You are free to implement some or none of the recommendations with or without additional guidance from your Advisor.
The Avantax affiliated companies exclusively provide financial products and services and do not provide or supervise tax or accounting services. Advisors’ outside companies are not registered broker/dealers or registered investment advisers.