This financial planning analysis ("Analysis") contained herein is hypothetical in nature and provided for
informational purposes to illustrate certain financial and estate planning ideas and concepts based on
information provided and reviewed by you.
Data and Assumptions
This Analysis is based upon holdings, transactions, prices, performance, and/or assumptions ("Data")
provided by LPL Financial LLC ("LPL"), third parties, and/or you. Data shown in this Analysis is obtained
from sources that LPL considers reliable but LPL cannot guarantee that such data reflects all of your
holdings or transactions, or details about their costs or returns. In addition, there may be variations in the
Data because Data providers may implement different calculation methodologies. To the extent that this
Analysis includes personal assets that the firm does not hold on your behalf (e.g., collectibles, real estate,
intangible assets/intellectual property, checking and savings accounts, business ownership interests,
insurance, personal property, etc.), the value of such assets has not been verified by LPL and is included
for informational purposes only. You should review and confirm the completeness and accuracy of all
values before relying on this Analysis. Furthermore, you should review and confirm the completeness and
accuracy of all Data on a frequent basis to ensure the results provided herein remain accurate given any
changes that may occur in your financial and personal situation. Small changes in assumptions can have
significant impacts on the outcome of this Analysis, and inaccurate representations by you of any Data
may invalidate results provided in this Analysis.
Assets listed on this Analysis may not be covered by FDIC or SIPC. Questions about coverage that may
apply should be directed to the asset provider or sponsor.
Performance
Performance results presented in this Analysis are based on assumptions and may not reflect actual
results due to factors beyond the scope of this Analysis. Investment returns set forth in this Analysis are
based on asset class rather than individual performance of a particular investment. Projected valuations
and/or rates of return may not take into account surrender charges on products you might own, deduction
of commissions, fees, and other charges, which can result in a lower rate of return. Additionally, proposed
asset allocation, performance results, and assumptions presented in this Analysis may be based on your
answers to questions designed to determine your individual risk tolerance. You are responsible for
confirming the answers you provided accurately represent your risk tolerance.
Depending on your answers, performance results in this Analysis may be more aggressive than your
current allocation mix and return rates may be overstated. Your assets may lose value including a portion
or all of your initial investment. Data used to provide performance projections is historical, and past
performance is no guarantee of future performance.
Service Provider
This Analysis may be provided as part of a financial plan being offered through LPL or a third-party
registered investment adviser ("Service Provider"). However, the term "plan" or "planning," when used
within this Analysis does not imply that a recommendation has been made to implement one or more
financial plans or make a particular investment. Please refer to the financial planning agreement you
signed for further information about the parties providing services.
This Analysis does not constitute a recommendation of any particular technique or investment, and may
not contain general or specific recommendations for implementation. The results contained herein do not
constitute an actual offer to buy, sell or recommend a particular investment or product. All investments are
inherently risky. You are under no obligation to implement any recommendations that may be included
within this Analysis. If you choose, you may implement this Analysis through a financial adviser, including
one associated with LPL. By doing so, Service Provider may make a variety of products and services
available. This may result in the payment of normal and customary commissions, advisory fees or other
types of compensation to Service Provider. This compensation may be more or less depending on the
product or service that representative recommends. To the extent that Service Provider recommends that
you invest in products and services that will result in compensation being paid to Service Provider and its
representatives, this presents a conflict of interest. For more information about conflicts of interest, please
see LPL’s Form ADV at www.lpl.com or Service Provider’s Form ADV, as applicable.
The information contained in this Analysis 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
should consult your tax and/or legal advisors before implementing any transactions and/or strategies
concerning your finances.
Monte Carlo
Monte Carlo Analysis is a complex statistical method that charts the probability of certain financial
outcomes at certain times in the future by generating many 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 scenarios assume
favorable financial market returns, consistent with some of the best periods in investing history. Some
scenarios assume unfavorable financial market returns, consistent with some of 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.
Tools such as the Monte Carlo simulation will yield different results with each use and over time
depending on the variables inputted and the assumptions underlying the calculation. If this Analysis
makes use of a Monte Carlo simulation, the term "Monte Carlo" will be included in the title. Simulation
assumptions 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.
IMPORTANT: The projections or other information generated by a Monte Carlo simulation regarding the
likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment
results and are not guarantees of future results.
LPL Financial Representatives offer access to Trust Services through The Private Trust Company N.A.,
an affiliate of LPL Financial.
This analysis must be reviewed in conjunction with the limitations and conditions disclosed in the
Disclaimer page. Projections are based on assumptions provided by the advisor/representative, and are not
guaranteed. Actual results will vary, perhaps to a significant degree. The projected reports are hypothetical
in nature and for illustrative purposes only. Return assumptions do not reflect the deduction of any commissions,
or fees or product charges that may apply to any particular investment. Deduction of such charges would result in
a lower rate of return. Consult your tax and/or legal advisor before implementing any tax or legal strategies.
Past performance is no guarantee of future results. The market for all securities is subject to fluctuation such
that upon sale an investor may lose principal.