Private Wealth Management Disclosure Statement
This report is intended to illustrate your current financial situation and to provide information and education regarding planning ideas and concepts that may be of benefit to you. The purpose of the report is to provide education on
accepted financial and estate planning concepts and to illustrate ways that these concepts may improve or enhance your current situation and future plans.
This report is based upon information and assumptions provided by you (the client) and from information provided from Outside Accounts and potentially other third-party sources UMB Bank, n.a. ("UMB") believes to be reliable,
but this information is not necessarily comprehensive and UMB does not guarantee that it is accurate. We have not undertaken to independently verify any information supplied to us by you or from any Outside Account and we have relied on
you and the Outside Account for the accuracy of any information provided to us. We have not undertaken to independently verify whether information from an Outside Account is complete and accurate as of any particular date or dates.
This report may also be based upon assumptions and estimates (which may be incorrect). Information regarding assets and the ownership/titling of assets may be incomplete, and therefore could substantially impact the accuracy of this report.
Documents and information stored in your Private Folder in the Vault is not available to UMB for review and therefore the report does not include consideration of such Private Folder documents and information unless you have otherwise provided
that information to UMB.
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. All opinions represent our judgment as of the date
of this report and are subject to change at any time without notice. You should not use this report as a substitute for your own judgment, and you should consult professional advisors before making any tax, legal, financial planning or
investment decisions. This report does not contain investment advice or recommendations to buy or sell any specific securities. We recommend that you review your plan annually, unless changes in your personal or financial circumstances
require more frequent review. State and Federal laws (including tax laws) which may impact your planning change frequently. You should consult with your tax and/or legal advisors to determine whether your plan should be updated as a result
of changes to the law or changes in your circumstances, and for reasons that may not have been identified or discussed in connection with this illustration.
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 or tax or legal results. You should consult your tax and/or legal advisors before implementing any transactions and/or strategies concerning your finances. To the extent this report includes
estate planning information, or addresses estate planning you may already have in place, this report represents one interpretation of your plan and documents. You should consult with your attorney and other tax advisors to determine whether
this interpretation and certain other planning options that may have been illustrated are available and appropriate given your particular and unique situation.
Additionally, this report may not reflect all of your assets, holdings or transactions, their costs, or proceeds received by you. 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. They will reflect any fees or product charges when entered by UMB. 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 UMB. Also, your account(s) may 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 and should not be
relied upon as representative of any inheritance or expectancy. You are encouraged to seek financial, tax and legal advice from your professional advisors. Neither UMB nor its affiliates, directors, officers, employees or agents accepts
any liability for any loss or damage arising out of your use of all or any part of this report.
Tools such as the Monte Carlo simulation, which may be included in this analysis, will yield different results depending on the variables input, and the assumptions underlying the calculation. 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.
By receipt of this report, I/We acknowledge that I/We have received and read this Disclosure Statement and understand its contents and the nature and limitations of the report. For purposes of this Disclosure Statement, the terms “I”,
“we”, “you”, and “your” shall be deemed to refer to all account holders. IMPORTANT: The Projections or other information generated by this simulation tool regarding the likelihood of various investment outcomes are hypothetical in nature, do not
reflect actual investment results and are not guarantees of future results.
UMB Financial Services, Inc. Disclosure Statement
This report is intended to illustrate your current financial situation and to provide information and education regarding planning ideas and concepts that may be of benefit to you. The purpose of the report is to provide education
on financial and estate planning concepts and to illustrate ways that these concepts may improve or enhance your current situation and future plans.
This report is based upon information about assets included on the books and records of UMB Financial Services, Inc. (“UMBFSI”), as well as assumptions provided by you (the client) and from information provided from Outside Accounts,
UMBFSI affiliates and potentially other third-party sources that UMBFSI believes to be reliable; however, this information is not necessarily comprehensive and UMBFSI does not guarantee that it is accurate. We have relied on you to provide
account statements and valuation data for each outside account to corroborate information manually entered into this report, but we have not otherwise independently verified whether information from an Outside Account is complete and accurate
as of any particular date or dates. Additionally, UMBFSI and its registered personnel do not claim proficiency or financial expertise regarding assets held at third parties.
Any consolidated reports providing information about your various financial holdings must be distinguished from account statements and reports provided to you by UMBFSI concerning assets held through your account at UMBFSI.
This report may also be based upon assumptions and estimates (which may be incorrect). Information regarding assets and the ownership/titling of assets may be incomplete, and therefore could substantially impact the accuracy of this report.
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 or strategy. All opinions represent our judgment as of
the date of this report and are subject to change at any time without notice. You should not use this report as a substitute for your own judgment, and you should consult professional advisors before making any tax, legal, financial planning
or investment decisions. This report does not contain investment advice or recommendations to buy or sell any specific securities. We recommend that you review your plan annually, unless changes in your personal or financial circumstances
require more frequent review. State and Federal laws (including tax laws) which may impact your planning change frequently. You should consult with your tax and/or legal advisors to determine whether your plan should be updated as a result
of changes to the law or changes in your circumstances, and for reasons that may not have been identified or discussed in connection with this illustration.
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 or tax or legal results. You should consult your tax and/or legal advisors before implementing any transactions and/or strategies concerning your finances. To the extent this report includes estate planning
information, or addresses estate planning you may already have in place, this report represents one interpretation of your plan and documents. You should consult with your attorney and other tax advisors to determine whether this interpretation
and certain other planning options that may have been illustrated are available and appropriate given your particular and unique situation or whether they affect any estate plan that you may have in place.
Additionally, this report may not reflect all of your assets, holdings or transactions, their costs, cost basis, or proceeds received by you. 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. They will reflect any fees or product charges only when entered by UMBFSI. 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). It is important for you to maintain the original source documents for all outside accounts that
may be integrated into this report. Please note that there may be minor variations due to calculation methodologies. Direct any outside account questions to the respective entity’s customer service department. If you have any questions about
other components of the report or about assets held with UMBFSI, please contact your UMBFSI financial advisor. Also, your account(s), including those held at third parties, may or may not be covered by FDIC or SIPC. FDIC and SIPC coverages
apply only to certain assets and may be subject to limitations. Securities and insurance products are not FDIC insured. 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 and should not be relied
upon as representative of any inheritance or expectancy. You are encouraged to seek financial, tax and legal advice from your professional advisors. Neither UMBFSI nor its affiliates, directors, officers, employees or agents accepts any
liability for any loss or damage arising out of your use of all or any part of this report.
This report may present the likelihood of various financial outcomes if certain investments are made or certain investment strategies or styles are undertaken, which will yield different results depending on the variables input
and the assumptions underlying the calculation. Analysis assumptions include, but are not limited to, assumed rates of return and standard deviations of the portfolio model associated with each asset class. 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.
The Monte Carlo Analysis that may be included in this report is a mathematical process used to implement 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.
By receipt of this report, I/We acknowledge that I/We have received and read this Disclosure Statement and understand its contents and the nature and limitations of the report. For purposes of this Disclosure Statement,
the terms “I”, “we”, “you”, and “your” shall be deemed to refer to all account holders. IMPORTANT: The Projections or other information generated by this simulation tool regarding the likelihood of various investment outcomes are
hypothetical in nature, do not reflect actual investment results and are not guarantees of future results.
All prices, quotes, rates and yields are subject to market availability. UMBFSI cannot guarantee that any security recommended will be available for purchase or sale. Past performance of any investment product is no
guarantee of future results. There are risks associated with all transactions involving investment securities, including loss of principal. As with any investment, please read all offering information, the prospectus or any other required
disclosures before initiating a transaction.
Securities offered through UMB Financial Services, Inc. member FINRA, SIPC, or the Investment Banking Division of UMB Bank, n.a. Insurance products offered through UMB Insurance, Inc. Banking and Trust services offered through UMB Bank.
You may not have an account with all of these entities. Contact your UMBFSI representative if you have any questions concerning your account.