CLEARWATER WEALTH PARTNERS Annual Client Meeting Summary | 2022
Annual Client Meeting Summary — Tax Year 2022
Chen Household | Client ID: HHnCHENn001 | Clearwater Wealth Partners
DOCUMENT METADATA
DocID: DOCnMeetingNotesn2022n001
MeetingID: MtgIDn2022Q4n01 (primary annual summary; key event meeting MtgIDn2022Q3n01 — TLH authorization)
IPS Version: DOCnIPSAmendmentn2020n001
Client: Alex & Sam Chen | HHnCHENn001 | DOB: 1983n05n14 / 1984n11n02
Advisor: Clearwater Wealth Partners | Prepared: January 2023
Dependents: Maya Chen (DOB 2011n08n19) | Eli Chen (DOB 2014n03n07)
KF Refs: KFnMarketOutlookn2022.md, KFnTaxnLossnHarvesting.md, KFnBondnDurationnRisk.md
PORTFOLIO SNAPSHOT
YearnEnd AUM: $890,000
Quarterly AUM: Q1: $910K | Q2: $860K | Q3: $840K (TLH executed) | Q4: $890K
Allocation: 58% Equity / 37% Fixed Income / 5% Cash (IPSn2020 target range; yearnend)
S&P; 500 Return: -19.0% (aggressive Fed rate hikes; bear market)
Net Contributions: $39,500 net
Advisory Fee Rate: Tiered: 0.85% on first $1.5M (DOCnFeeAmendmentn2021n001)
ANNUAL SUMMARY
2022 was a year defined by the Federal Reserve's most aggressive ratenhiking cycle since the 1980s — seven consecutive hikes
bringing the Fed funds rate to 4.25–4.50%. The S&P; 500 fell 19% and the Bloomberg Aggregate Bond Index declined 13%,
creating a rare simultaneous equity and fixed income drawdown. The Chen portfolio declined from $910K (Q1) to $840K (Q3)
before partially recovering to $890K at yearnend.
The primary valuenadd for 2022 was DecisionIDn2022n301: the taxnloss harvesting campaign executed September 5–30
(EventIDn2022n01). UECIX was swapped for UECIY (same economic exposure, different fund) to realize approximately $21,000
in shortnterm losses on the March 2022 lot (basis $85, execution price $64). A parallel IDEIXfiIDEIY swap added $1,250 in
shortnterm losses. Total net capital gains for 2022 were -15,500. After the $3,000 ordinary income deduction, $12,500 carried
forward to 2023 — a significant tax benefit given the highnincome year that followed.
Story Arc 3 continued: a draft of the 2022 Annual Strategy Deck (DOCnStrategyDeckn2022n002) was circulated with a footer still
referencing the old 1.00% flat fee. The FINAL version (DOCnStrategyDeckn2022n003) was corrected, but both documents were
preserved in the vault — creating the document inconsistency that AI tooling will surface in 2026.
DECISIONS MADE
Decision IDs: DecisionIDn2022n301
DOCnMeetingNotesn2022n001 | Client: Chen Household (HHnCHENn001) | CONFIDENTIAL Page 1

CLEARWATER WEALTH PARTNERS Annual Client Meeting Summary | 2022
Decision ID Description Date / Window Outcome / Status
DecisionIDn2022n301 Taxnloss harvesting (TLH) campaign: Swapped UECIX fi 2022n09n05 to Implemented. Wash sale
UECIY (nearnidentical US equity exposure) realizing 2022n09n30 rules respected (30nday
~$21,000 shortnterm loss from March 2022 lot (basis $85, window maintained).
execution $64). Swapped IDEIX fi IDEIY realizing ~$1,250
shortnterm loss. Total harvested: ~$22,250 ST losses. After
offsetting $6,750 LT gains: net -15,500. $3,000 deducted
2022; $12,500 carried forward to 2023.
LIFE EVENTS & UPDATES
Event IDs: EventIDn2022n01; document version conflict (Story Arc 3)
Event Description / Impact
EventIDn2022n01 Rate hike cycle and TLH trigger: The Federal Reserve raised rates aggressively (7 hikes in 2022, Fed funds to
4.25n4.50%). Both equity and bonds declined simultaneously (-19% S&P; Bloomberg Agg -13%). Portfolio
declined to ~$840K in Q3. TLH opportunity identified and authorized at Q3 meeting (MtgIDn2022Q3n01).
Story Arc 3 Note DOCnStrategyDeckn2022n002 (v2, draft) distributed in Q2 incorrectly references '1.00%' advisory fee in
footer. DOCnStrategyDeckn2022n003 (FINAL) corrected to tiered schedule. Both versions preserved in
document vault for AI discovery demo.
RECOMMENDATIONS
Rec IDs: RecIDn2022n01; GoalIDn2016n01/02
Rec / Goal ID Description Status
RecIDn2022n01 TLH program: systematic loss harvesting to generate tax alpha in down market. Implemented — Deci
sionIDn2022n301
GoalIDn2016n01 Retirement confidence temporarily reduced (AUM decline); maintained longnterm On track —
trajectory. recovering Q4
GoalIDn2016n02 529A/529B balances declined with equity markets; agenbased drift natural. Monitor
TAX TOPICS DISCUSSED
Tax Topic IDs: TaxTopicIDn2022n01
Topic Summary
TaxTopicIDn2022n01 TLH, wash sale avoidance, and capital loss carryforward: Net capital gains 2022: -15,500. $3,000 ordinary
income deduction applied; $12,500 capital loss carryforward to TY2023. Wn2 $258,000; Other income $10,000
(RSU vest); Itemized deduction. AGI approx. $275,000. Muni bond income in TX01 remains
federalntaxnexempt. See KFnTaxnLossnHarvesting.md, KFnBondnDurationnRisk.md.
ACTION ITEMS
DOCnMeetingNotesn2022n001 | Client: Chen Household (HHnCHENn001) | CONFIDENTIAL Page 2

CLEARWATER WEALTH PARTNERS Annual Client Meeting Summary | 2022
Task ID Description Owner Due Date Status
TaskIDn2022Q3n022 Execute TLH per DecisionIDn2022n301; document Ops 2022n09n30 Completed
CUSIP swaps and lot dates.
TaskIDn2022Q3n023 Calendar 30nday wash sale window (no repurchase Advisor 2022n10n30 Completed
UECIX before 2022n10n30).
TaskIDn2022Q4n024 Confirm $12,500 carryforward captured in tax records for Tax CPA 2023n04n15 Completed
2023 offset.
TaskIDn2022Q4n025 Replace DOCnStrategyDeckn2022n002 (draft) with Advisor 2022n12n15 Completed —
FINAL in primary client folder. FINAL filed;
draft preserved
in archive
PROSPECTS & REFERRALS
No active prospects or referrals recorded for this period.
CONFIDENTIAL — For the exclusive use of Alex and Sam Chen and authorized Clearwater Wealth Partners personnel. This document contains
synthetic/demo data created for illustration purposes only. Not investment advice. © 2023 Clearwater Wealth Partners. All rights reserved.
DOCnMeetingNotesn2022n001 | Client: Chen Household (HHnCHENn001) | CONFIDENTIAL Page 3
