Important Information About Your Report

The report you have received is either a Financial Plan or a Foundational Analysis. Your report is a Financial Plan if it relates to a financial planning arrangement for which you (or your employer on your behalf) entered into a Financial Planning Agreement with Eagle Strategies LLC (“Eagle Strategies”) and paid a financial planning fee. Foundational Analysis reports are titled Foundational Analysis on the cover page. If you do not know whether this report is a Financial Plan or a Foundational Analysis, please ask your financial professional. Please carefully read the disclosures below for either a Financial Plan or Foundational Analysis, as applicable, and the General Disclosures. In this Important Information section, “we” and “us” means Eagle Strategies. Whether you receive a Financial Plan or a Foundational Analysis, you should also receive Eagle Strategies Form CRS and Form ADV Part 2, the Form ADV2B for your financial professional as well as New York Life’s privacy policy. If you did not receive these documents, please ask your financial professional to provide them to you.

Financial Plan Disclosures
A Financial Plan report provides a general overview of some aspects of your personal financial situation. It is intended to review your current situation and provide guidelines and suggestions that may be of benefit to you. This report does not attempt to address all financial issues that may affect you. Rather, its scope is limited to the services stated in the Financial Planning Agreement you signed. We recommend that you review your specific plan annually, unless changes in your personal or financial circumstances require more frequent review. If you want Eagle Strategies to update your Financial Plan, you will need to enter into another Financial Planning Agreement, as each financial planning engagement ends when we deliver the Financial Plan.

Foundational Analysis Disclosures
You have asked us to prepare an analysis showing whether you are likely to meet specific financial goals. A Foundational Analysis report is not a financial plan and does not try to address all financial issues that may affect you. If you would like a more comprehensive analysis, please ask your financial professional about receiving a Financial Plan. We are providing the Foundational Analysis report to you without charge.

General Disclosures – Applying to Both Financial Plans and Foundational Analyses

Accuracy of Information: Results shown in this report are based on information that you have provided, which we have not verified. You are solely responsible for the accuracy and completeness of the information that you provide. If any of that information is inaccurate or incomplete, the output of this report may be affected.

Not an Official or Comprehensive Account Statement: This report may not reflect all holdings or transactions, their costs, or proceeds received by you. It may also contain information on assets that are not held by New York Life or its affiliates. Please see the “Account Information and Sources” section in your report for more information on the data you provided. This report is not an official account statement, and you should rely only on information contained in official account statements in making investment decisions. Pricing information used in this report is obtained from sources we consider reliable, but is not guaranteed.

Indices: Calculations may be based upon certain market indices. Rates of return for market indices are historical and treated as representative of expected returns for assets in the same class, but are not guarantees of future returns or results. An index is unmanaged, and you cannot invest directly in an index. The volatility and performance of the index may be greater than or less than the volatility and performance of the investment portfolio for which is it being used as a substitute in this report. Indices do not reflect any advisory or other expenses and generally assume reinvestment of dividends and capital gains.

Investment Risk: All investments involve some degree of risk, including loss of principal. There can be no assurances that any investment will be profitable or that you will achieve your investment goals. Your actual results will vary based upon your individual situation, when you invest, future market performance and other factors. Past performance does not guarantee future results. Analyses in this report indicating investment performance are based on past performance. Your portfolio’s performance may vary significantly from, and potentially be lower than, the performance presented.

Gross Performance: The performance shown is gross performance. It reflects the deduction of internal fund fees, but does not reflect the deduction of other advisory fees and expenses (including Eagle’s program fees). The impact of fees and expenses reduces overall performance, and the impact can be material. Eagle’s advisory fees are deducted monthly and have a compounding effect on performance. For example, on an account with a 2.0% annual fee and gross performance of 5%, the compounding effect of the advisory fees will result in a reduction of approximately 2% of your future value after one year, 5.9% of your future value after three years and 9.6% of your future value after five years. Actual fees will vary depending on, among other things, the applicable fee schedule, the time period, investment performance, account size and any miscellaneous fees. For more details on Eagle’s advisory fees, please see Eagle’s ADV Part 2A, the client agreement and the Statement of Investment Selection.

Hypothetical Performance: Hypothetical performance is performance that was not actually achieved by any accounts. It includes model, back-tested, and target or projected performance returns. In this report, various analyses (if shown) are hypothetical performance, such as the Monte Carlo analysis, as they do not represent the performance of actual accounts. This report contains projections based on the assumptions selected, including projected investment performance. These investment performance results may vary with each use and over time. It also includes projections for, e.g., inflation, interest rates, and income and expenses.

Why consider hypothetical performance? By making some assumptions about your portfolio and calculating hypothetical performance, a financial advisor may illustrate how a proposed portfolio would have performed over time and under different market conditions. However, you should not use hypothetical performance as the primary basis for your investment decision.

What assumptions are made in calculating hypothetical performance? Projections are based on information provided by you and assumptions that you selected. If you have selected an assumed rate of return based on your current portfolio, a model portfolio or a custom portfolio, we have not determined whether that assumption is appropriate for you in light of factors such as your current or anticipated holdings or your risk profile.

The Monte Carlo simulation (if shown) applies complex statistical methods to model the probability of certain financial outcomes. It generates hundreds of possible economic scenarios for a given set of assumptions and other inputs (e.g., asset allocation choices and assumptions on rates of return, growth rates and volatility of asset classes). Some of these scenarios assume some of the best periods in investing history, some scenarios assume some of the worst periods in investing history, and most scenarios fall somewhere in-between those assumptions. The outcomes presented represent only a few of the many possible outcomes. Since past performance and market conditions may not be repeated in the future, you may not meet your investment goals by following advice based on a Monte Carlo analysis. Different assumptions can lead to different simulation results. Since the market data used to generate some inputs change over time, Monte Carlo analysis results will vary with each simulation performed and over time.

Indices may be used in calculating performance. See “Indices” above.

What are the limitations of hypothetical performance? Hypothetical performance is subject to many significant limitations, which you should bear in mind when reviewing this performance. The results do not represent the performance of actual trading using client assets. Therefore, they may not reflect:

  • the impact of material market or economic factors
  • actual losses or other real-world consequences if you make a bad investment or take on too much risk
  • client behavior, whether in response to market events or otherwise (e.g., the timing and amount of contributions and withdrawals; liquidating investments when markets are not performing well), which can drastically change the performance of a portfolio and cause significant underperformance over time and
  • how Eagle would have managed the portfolio in light of real-world risk.
The results are also limited by the assumptions made, as discussed under the previous question. To the extent that these assumptions do not reflect what would have happened in an actual client account, performance results would probably differ. As well as rates of return, the impact of various factors over a long period of time, including rates of inflation, changes in the applicable tax laws, and your individual tax bracket cannot be calculated and may have a significant impact on the results you obtain. The results also do not reflect Eagle’s program fees, as discussed above.

What are some of the risks of hypothetical performance? Hypothetical performance could be misleading if you do not understand the assumptions and limitations of the analysis, as discussed above. If the investment product or strategy is not relevant to your likely financial situation and investment objectives, you could draw conclusions from the analysis that do not apply to you.

Not Legal, Accounting or Tax Advice: This report does not constitute legal, accounting or tax advice. We and our financial professionals are not authorized or qualified to give you legal, accounting or tax advice. You should consult your own attorney, accountant or tax adviser on such matters.

Any tax information presented in the report is for illustrative purposes only and is based on current federal tax law and assumes average tax rates and may include current state and local taxes. Any income tax estimates are made for the current year only and do not consider the possible application of the Alternative Minimum Tax. Results showing the disposition of property at death and proposed alternatives are general and do not reflect potential tax or legal issues. The effect of taxes on your results may differ from the illustrations shown here.

Not a Recommendation, Offer or Solicitation: The information in this report is not a recommendation, offer or solicitation to purchase, sell or hold any particular investment, security or financial product or a recommendation to discontinue, engage in, refrain from engaging in, or maintain, any investment strategy. If you decide to buy or invest in a particular investment, security, financial product or invest in any investment strategy, this will result in an engagement or transaction with us (or another provider) that is separate from this report. Any analysis conducted in connection with such a purchase or investment may vary from the analysis in this report. You must submit a separate application for any purchase or investment. Product underwriting, suitability reviews and other eligibility requirements may apply. Please read carefully any documents provided to you in connection with any purchase or investment. If there is any inconsistency between the information contained in this report and the product documents, the information in the product documents governs.

Riskalyze: The Risklayze Risk Number and Portfolio Risk, if shown, are based on the questionnaire you completed for Riskalyze with your financial professional (Risk Number) and the eligible accounts within the eMoney system selected by your financial professional for analysis by Riskalyze (Portfolio Risk). Please reference the reports, including disclosures, your financial professional provided you from Riskalyze and ask them to confirm which accounts have been included for analysis on the eMoney system.

eMoney: This report is based on a quantitative analysis performed using software furnished by eMoney Advisor, LLC, which is not affiliated with New York Life Insurance Company, its affiliates, subsidiaries or agents.

Switch ClientStart Presenting