Legacy Wealth Management Financial Planning Process

<body bgcolor="#FFFFFF" text="#000000"> <table width="741" border="0" cellspacing="0" cellpadding="0" height="270"> <tr> <td colspan="2" height="16"><a href="f_investmentoverview.htm" target="_top" onMouseOut="MM_swapImgRestore()" onMouseOver="MM_swapImage('Image1','','images/inside/nav/resources_on.gif',1)"><img src="images/inside/nav/resources_off.gif" width="191" height="27" border="0" alt="Your Investment Resources" name="Image1"></a></td> <td width="549" rowspan="15"> <blockquote> <p align="center"><font face="Verdana, Arial, Helvetica, sans-serif"><span class="unnamed1">At<font color="#666600"> Legacy Wealth Management</font>, we believe in helping you achieve your overall wealth potential, not just a portion of it. The following is a comprehensive list of services that experience has shown to be valuable in helping clients reach their financial objectives. </span></font></p> </blockquote> <p align="center"> <span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif"><b><u><font color="#666600" size="3">Phase One - Creating the Plan</font></u></b></font></span></p> <p><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#666600">I. Overall Objectives</font></b></font></span></p> <p><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif"><i>We will meet with you to discuss your present needs and outline your long-term goals. Topics included in our discussion will be educational funding, retirement options, investment review, investment strategy, insurance needs, and estate planning.</i><br> </font></span></p> <p> <span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#666600">II. Financial Statement</font></b></font></span></p> <p><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif"><i>To ensure that we are working with the most current data, we will list your assets, as well as the progress you have made thus far toward reaching your financial goals. We will determine your current net worth and list all ownership designations for clarity. The financial statement serves as the foundation for all other work we perform for clients.</i></font></span></p> <p><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif"><b><i>Defining objectives and compiling a financial statement are steps that are completed with every client, the other areas, listed below, are performed on an as-needed basis. </i></b></font></span></p> <p><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#666600">III. Educational Analysis</font></b></font></span></p> <p><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif"><i>To ensure that adequate resources are available for educational needs, we will determine future educational costs for primary, secondary, college and/ or post-graduate based on today's costs plus inflation. Several options such as depositing a lump sum, saving monthly, or paying as you go will be included. Additionally we will offer commonly used strategies (Educational IRA, UGMA, UTMA, etc) if appropriate. Tables outlining total education cost of each option listed above will be included.</i></font></span></p> <p><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#666600">IV. Retirement Analysis and Retirement Sensitivity Analysis</font></b></font></span></p> <p><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif"><i>In order to maintain your same standard of living throughout your retirement years, a thorough review of current expenses, retirement assets, investment assets, and social security benefits should be completed. After a financial review is complete and goals are set, projections will be run using several scenarios (variety of returns on investments, inflation rates, and spending patterns). Additionally, we will calculate the probability of outliving your wealth. Graphs and tables are used to display growth and longevity of assets, including expenses.</i></font></span></p> <p><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#666600">V. Investment Analysis</font></b></font></span></p> <p><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif"><i>The objective is to reiterate your purpose(s) for your investment portfolio (retirement income, leave an inheritance, provide current income for heirs, emergency liquidity, etc.). We will review your existing investment holdings both independently and as a consolidated portfolio. We will produce historical results of each mutual fund or common stock, compare these results to the best possible alternatives, and reassess the allocation to meet your objectives.</i></font></span></p> <p><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#666600">VI. Risk Management Assessment </font></b></font></span></p> <p><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif"><i>We will review the specifications of policies on your current insurance coverage in the following areas and make recommendations accordingly.</i></font></span></p> <ul> <li><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif">Life Insurance </font></span></li> <li><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif">Property and Casualty Insurance</font></span></li> <li><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif">Disability Insurance</font></span></li> </ul> <p><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif">VII. Estate Analysis<br> <i>In order to be certain that your estate plan is tax efficient and meets your objectives, a thorough review is necessary. In the event that the plan is not meeting your objectives, appropriate changes will be suggested. If there is no current estate plan, LWM will outline one so that the wealth you have accumulated is distributed as you wish through Living Trusts, Life-Insurance Trusts, Charitable Trusts, etc. </i></font></span></p> <p align="center"><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif"><b><u><font color="#666600" size="3">Phase II - Portfolio Development</font></u></b></font></span></p> <p><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#666600">I. Risk Tolerance</font></b></font></span></p> <p><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif"><i>Using a series of questions, we will determine a level of risk that appears to be appropriate for your accounts. Knowing your risk tolerance helps us select investment vehicles that will best support your long-term objectives. </i></font></span></p> <p><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#666600">II. Asset Allocation</font></b></font></span></p> <p><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif"><i>After determining your risk tolerance and time horizon, we will design a portfolio allocated to help you reach your goals and dreams. The funds will be divided among various asset classes such as, US Large Company Equity, US Small Company Equity, US Real Estate, International Large and Small Company Equities, Emerging Markets, Cash, and several others. It is our job to help you reach your targeted goals while minimizing risk as much as possible.</i></font></span></p> <p><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#666600">III. Investment Recommendations</font></b></font></span></p> <p><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif"><i>Within each asset class, we will recommend particular funds that we have studied and believe to be well suited to meet your needs. We continue to stay informed about and in touch with fund managers to ensure that they are staying true to their fund's particular philosophy. Tables and graphs supporting our recommendations will be included. Finally, we will develop an implementation plan for acquiring the investments for your portfolio.</i></font></span></p> <p><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#666600">Phase III - Ongoing Wealth Management </font></b></font></span></p> <p><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif"><i>Understanding your vision, we will use our investment experience and expertise, to take on the responsibility of overseeing your assets. Your account will be reviewed on a consistent basis to ensure that your portfolio is on track toward achieving your goals. We will periodically discuss your objectives to recommend any necessary changes. <br> The portfolio review process involves monitoring performance, understanding tax considerations, and reviewing internal expenses and management changes of funds to ensure the purity of the portfolio. From time to time the relative allocation of the account will change due to fluctuation in the market, and we will make the necessary modifications to bring it back in balance.</i></font></span></p> <p><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif">Additionally, your on-going support includes:</font></span></p> <ul> <li><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif">Quarterly Statement of Account</font></span></li> <li><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif">Quarterly Commentary of the Market</font></span></li> <li><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif">Periodic Telephone Conversations, as needed </font></span></li> <li><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif">An annual face-to-face meeting, or more if necessary</font></span></li> </ul> <p><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif"><i>Depending upon the level of service you choose, Legacy, Gold, or Preferred, we will provide other services, listed below, that will help you maximize your wealth and increase the likelihood of reaching your objectives.</i></font></span></p> <blockquote> <blockquote> <p><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif"><b><font color="#666600">Annual Tax Preparation</font></b></font></span></p> <p><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif" color="#666600"><b>Updated Financial Statements</b></font></span></p> <p><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif" color="#666600"><b>Updated Retirement Analysis</b></font></span></p> <p><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif" color="#666600"><b>Tax Projections</b></font></span></p> <p><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif" color="#666600"><b>Annual Risk Management Review</b></font></span></p> <p><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif" color="#666600"><b>Asset Allocation Review </b></font></span></p> <p><span class="unnamed1"><font face="Verdana, Arial, Helvetica, sans-serif" color="#666600"><b>Stock Option Valuation</b></font></span></p> <p><span class="unnamed1"><font color="#666600" face="Verdana, Arial, Helvetica, sans-serif"><b>Review Of Progress Toward Reaching Your Goals </b></font></span></p> </blockquote> </blockquote> </td> </tr> <tr> <td colspan="2" height="18"><a href="f_about.htm" target="_top" onMouseOut="MM_swapImgRestore()" onMouseOver="MM_swapImage('Image2','','images/inside/nav/company_on.gif',1)"><img src="images/inside/nav/company_off.gif" width="191" height="27" border="0" alt="Our Company" name="Image2"></a></td> </tr> <tr> <td colspan="2" height="2"><a href="f_retirement.htm" target="_top" onMouseOut="MM_swapImgRestore()" onMouseOver="MM_swapImage('Image3','','images/inside/nav/retirement_on.gif',1)"><img src="images/inside/nav/retirement_off.gif" width="191" height="27" border="0" alt="Your Retirement" name="Image3"></a></td> </tr> <tr> <td colspan="2"><a href="f_security.htm" target="_top" onMouseOut="MM_swapImgRestore()" onMouseOver="MM_swapImage('Image4','','images/inside/nav/security_on.gif',1)"><img src="images/inside/nav/security_off.gif" width="191" height="27" border="0" alt="Your Financial Security" name="Image4"></a></td> </tr> <tr> <td colspan="2"><a href="f_investments.htm" target="_top" onMouseOut="MM_swapImgRestore()" onMouseOver="MM_swapImage('Image5','','images/inside/nav/investments_on.gif',1)"><img src="images/inside/nav/investments_off.gif" width="191" height="27" border="0" alt="Your Investments" name="Image5"></a></td> </tr> <tr> <td colspan="2"><a href="f_legacy.htm" target="_top" onMouseOut="MM_swapImgRestore()" onMouseOver="MM_swapImage('Image6','','images/inside/nav/legacy_on.gif',1)"><img src="images/inside/nav/legacy_off.gif" width="191" height="27" border="0" alt="Your Legacy" name="Image6"></a></td> </tr> <tr> <td colspan="2" height="2"><a href="f_benefits.htm" target="_top" onMouseOut="MM_swapImgRestore()" onMouseOver="MM_swapImage('Image7','','images/inside/nav/benefits_on.gif',1)"><img src="images/inside/nav/benefits_off.gif" width="191" height="27" border="0" alt="Your Executive Benefits" name="Image7"></a></td> </tr> <tr> <td colspan="2"><a href="index.htm" onMouseOver="MM_nbGroup('over','home_off','images/inside/nav/home_on.gif','',1)" onMouseOut="MM_nbGroup('out')" target="_top"><img src="images/inside/nav/home_off.gif" width="191" height="27" name="home_off" border="0" onLoad="" alt="Legacy Home"></a></td> </tr> <tr> <td colspan="2"> </td> </tr> <tr> <td colspan="2"> </td> </tr> <tr> <td colspan="2"> </td> </tr> <tr> <td colspan="2"> </td> </tr> <tr> <td colspan="2"> </td> </tr> <tr> <td colspan="2"> </td> </tr> <tr> <td colspan="2"> </td> </tr> </table> </body>