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TROY M. SMITH
CERTIFIED FINANCIAL PLANNERTM |
Independent Financial Planning Advice Since 1989 |
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| CLIENT REPORTS |
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Sample Financial Planning Reports
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"Financial Planning must consist of ongoing client reporting...reports allow a planner to give advice to clients using current data...Reports must be forward looking, not just historical...If a planner gives advice using only historical data, it is like driving a car using only the rear view mirror."
"Data leads to Analysis, which hopefully leads to better decisions."
Troy M. Smith, CFP®
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Click on any report image to the left to view a sample report.
Portfolio Performance Report
It is difficult to know what actions are advisable to take when you don’t have something to reference, other than an investment statement showing only the current value and recent transactions of an investment portfolio.
We produce Quarterly Portfolio Reports detailing investment results for the most recent 12 month period.
Quarterly Portfolio Reports give you and us the ability to review your results in comparison with your goals. Without data, clients and their advisers are left to their own emotions in making decisions about their investments.
Your Quarterly Portfolio Report not only shows the annual percentage returns, but also how much of the total return has come from the income distributions, including all dividends and interest payments. Knowing how much income your portfolio is generating helps us and you with your Cash Flow Planning, Income Tax Planning, and Retirement Planning.
Cash Flow Projection Report
In addition to your Financial Statement, your Cash Flow must also be examined to determine your current financial status.
In financial planning, determining your Cash Flow by observing your income and expenses is extremely important to assist in the following:
- Analyzing your current standard of living to determine your Financial Independence Feasibility.
- Planning for retirement and anticipated standard of living.
- Indicating your ability to accumulate wealth, increasing your Net Worth and Assets at Work.
- Highlighting problem areas
- Assisting you as you make lifestyle decisions
Tax Projections Report
Tax Season leaves many Americans feeling uncertain and stressed. Much of this is due to the size of the tax code, which has doubled in recent years.
The record keeping requirements are also becoming more involved at every level. The need for professional help in the area of taxes has never been greater.
After filing taxes many emotions can surface:
- Uncertainty, because you are not sure you paid the proper amount
- Fear that you may have missed tax saving opportunities
- Overwhelmed by the complexity of the tax rules and frustrated with the record keeping requirements
- Confused about what to do in the coming year – should you adjust withholding or pay larger estimated taxes to avoid penalties, and what about managing the size of your tax refund?
Goals Report
A Goals Report shows where you stand today compared to your status at the time of your original Financial Plan or at the time of your first meeting with us.
This report is an attempt to quantify your current status as it relates to your original goals.
We understand that goals change and are happy assist you with setting new goals throughout the financial planning process.
We believe that dreams and goals are always in a state of evolution and that our role as your financial advisor is to work around your goals, not limit you to a specific plan that no longer reflects your desires.
We encourage you to continue to think about your goals, modifying them and refining them as necessary as your circumstances or desires change.
Estate Planning Flowchart
The primary issue facing all estates is ensuring that assets are transferred as desired.
A second issue currently facing larger estates is federal and state estate tax. Because of an estate tax credit, an individual can transfer a substantial amount of assets to someone, other than a spouse, without paying any estate taxes.
Transfers to spouses of an unlimited amount can occur while living or at death without gift or estate tax because of the Unlimited Marital Deduction. However, by taking full advantage of the unlimited marital deduction, you may be wasting valuable tax credits and increasing future estate taxes. Typically, this can occur when spouses leave everything to one another at death.
Asset Allocation Report
The Asset Allocation Report shows a porftolio's current allocation and gives both you and your financial planner the data to observe possible overweight or underweight areas.
A portfolio's asset allocation is dynamic and requires regular checking to ensure that it is in line with your goals, risk tolerance and investment temperament.
Personal Financial Statement
The Personal Financial Statement is an invaluable tool used to identify your present financial situation and which resources are available to accomplish your goals.
Before your first meeting, a Paraplanner will prepare a Personal Financial Statement detailing:
- Current assets
- Liabilities (debts)
- Net Worth (the sum of assets and debt)
- Recommendations about how to best manage your assets and any liabilities you have according to your goals and objectives
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| "You can't control the wind, but you can adjust your sails to get to your destination." |
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| Securities and Advisory Services, including Financial Planning, offered through H. Beck, Inc., Member FINRA and SIPC. |
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Copyright © 2009 Troy M. Smith, Certified Financial Planner TM
Serving clients in Raleigh, Cary, Durham, Chapel Hill and other Triangle area cities.
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