The following report is a diagnostic tool intended to review your current financial situation and
suggest potential ideas and concepts that may be of benefit. The purpose of the report is
to illustrate how accepted financial and estate strategies 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 concepts and does not
constitute a recommendation of any particular technique. The consolidated report is provided for
informational purposes for you. We recommend that you review your strategies
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, unless you have
contracted for written advice under the terms of an RBC Financial Planning Client Agreement. Nor does the
analysis 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.
This portfolio review is provided for informational purposes as a service, and is intended as a
tool to help investors track their portfolio’s performance. Information and security valuations
provided herein have been obtained from sources we believe to be reliable, but cannot be
guaranteed as to accuracy and do not purport to be complete. This report is intended to
complement, but not serve as a substitute for account statements, transaction confirmations and
other official account records. Past performance does not guarantee future results. If you find
discrepancies in this report, please contact your Financial Advisor or the Branch Manager.
Information regarding assets held outside of RBC Wealth Management have not been verified and may
be outside of your Financial Advisor’s area of proficiency. Assets held outside of RBC Wealth
Management may not be covered by SIPC.
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 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.
RBC Wealth Management does not provide tax or legal advice. All decisions regarding the tax or legal implications of your investments should be made in connection with your independent tax or legal advisor. No information, including but not limited to written materials, provided by RBC WM should be construed as legal, accounting or tax advice.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.
Specific Investments: