CLEARWATER WEALTH PARTNERS Annual Client Meeting Summary | 2025
Annual Client Meeting Summary — Tax Year 2025
Chen Household | Client ID: HHnCHENn001 | Clearwater Wealth Partners
DOCUMENT METADATA
DocID: DOCnMeetingNotesn2025n001
MeetingID: MtgIDn2025Q4n01 (primary; bucket meeting MtgIDn2025Q1n01; SS analysis MtgIDn2025Q3n01)
IPS Version: DOCnIPSAmendmentn2025n001 (bucket strategy; effective 2025n03n01)
Client: Alex & Sam Chen | HHnCHENn001 | DOB: 1983n05n14 / 1984n11n02
Advisor: Clearwater Wealth Partners | Prepared: January 2026
Dependents: Maya Chen (DOB 2011n08n19) | Eli Chen (DOB 2014n03n07)
KF Refs: KFnMarketOutlookn2025.md, KFnBucketnStrategy.md, KFnSocialnSecuritynMedicare.md,
KFn529nDistributionnRules.md
PORTFOLIO SNAPSHOT
YearnEnd AUM: $1,450,000
Quarterly AUM: Q1: $1,315K (IPSn2025 effective) | Q2: $1,360K | Q3: $1,395K | Q4: $1,450K
62% Equity / 33% Fixed / 5% Cash — Bucket 1 (CASH+STBIX) / Bucket 2
Allocation:
(UCBIX+UTIPX) / Bucket 3 (equities+REITX) per IPSn2025
S&P; 500 Return: Normalization year (exact return per KFnMarketOutlookn2025.md)
Net Contributions: $48,000 net
Tiered: 0.85% on first $1.5M (blended effective rate declining as AUM approaches
Advisory Fee Rate:
tier boundary)
ANNUAL SUMMARY
2025 marked the formal transition into the prenretirement stewardship phase of the Chen household relationship. The adoption of
the bucket strategy (DecisionIDn2025n112, DOCnIPSAmendmentn2025n001) restructured the portfolio into three
timensegmented tiers designed to protect nearnterm spending stability (Bucket 1), intermediatenterm income generation (Bucket
2), and longnterm growth (Bucket 3) for the Chens' target retirement in approximately 8n9 years.
A renadministered risk questionnaire (DOCnRiskQuestionnairen2025n001, score 58/100) confirmed the Chens' 'Moderate —
bucket preference' risk profile. AUM reached $1,450,000 at yearnend. RecIDn2025n002 delivered the Social Security claiming
analysis in Q3: the optimal strategy calls for Alex to claim at 67 and Sam at 64 in a coordinated approach to maximize lifetime
household income (see DOCnRetirementAnalysisnTY25.pdf). Retirement confidence stands at 82%.
A referral from Alex — sibling Taylor Chen (ProspectIDn2025n01) — was introduced and progressed through discovery. In Q4,
Alex raised a question about the advisory fee rate after reviewing an older strategy deck referencing '1.00%.' The advisor
committed to a billing review in Q1 2026 — setting the stage for Story Arc 3's conclusion (EventIDn2026n01).
DECISIONS MADE
Decision IDs: DecisionIDn2025n112
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CLEARWATER WEALTH PARTNERS Annual Client Meeting Summary | 2025
Decision ID Description Date / Window Outcome / Status
DecisionIDn2025n112 Bucket strategy implementation: restructured portfolio per 2025n02n15 to Implemented. IPSn2025
IPSn2025. Bucket 1 (0n24 mo): CASH + STBIX (target 5% of 2025n03n31 effective March 1.
AUM). Bucket 2 (2n7 yr): UCBIX + UTIPX (target 33% of
AUM). Bucket 3 (7+ yr): UECIX/UECIY + IDEIX + EMEIX +
REITX (target 62% of AUM). Singlenstock cap reduced to
<5% per IPSn2025. NLTK held at ~3% after further vest
sales.
LIFE EVENTS & UPDATES
Event IDs: IPSn2025 amendment; fee rate question raised Q4 (leads to EventIDn2026n01)
Event Description / Impact
IPSn2025 Amendment DOCnIPSAmendmentn2025n001 (effective March 1, 2025): Bucket framework adopted. Risk questionnaire
renadministered Feb 2025 (score 58/100 'Moderate — bucket preference',
DOCnRiskQuestionnairen2025n001). Allocation target unchanged (62/33/5) but now organized as
timensegmented buckets.
Fee Question (Q4) In Q4 2025 review (MtgIDn2025Q4n01), Alex raised a question about the advisory fee rate after reviewing
an old strategy deck. Advisor noted the tiered schedule has been in effect since July 2021
(DOCnFeeAmendmentn2021n001) and committed to a full billing review for Q1 2026. EventIDn2026n01 will
follow.
RECOMMENDATIONS
Rec IDs: RecIDn2025n01, RecIDn2025n02; GoalIDn2016n01/02; GoalIDn2023n01
Rec / Goal ID Description Status
RecIDn2025n01 Bucket strategy framework adopted (IPSn2025). Timensegmented approach for Implemented — Deci
retirement income stability. sionIDn2025n112
RecIDn2025n02 Social Security claiming analysis delivered Q3 2025. Optimal strategy: Alex claims Delivered
at 67; Sam at 64 (coordinated). See DOCnRetirementAnalysisnTY25.pdf.
GoalIDn2016n01 Retirement confidence 82%; bucket strategy adopted. On track. On track — 82%
confidence
GoalIDn2023n01 Annual DAF grants ongoing; $7,500 charitable 2025. On track
GoalIDn2016n02 529A: $22,500 (Maya 2029 college ~4 years); 529B: $22,500 (Eli 2032). On track
TAX TOPICS DISCUSSED
Tax Topic IDs: TaxTopicIDn2025n01
Topic Summary
TaxTopicIDn2025n01 Buckets and taxable efficiency: Bucket restructuring reviewed for tax placement: equities + munis in TX01
(taxable); core bonds + TIPS in IRA1 (taxndeferred); small cap + EM in RIRA. Wn2 $276K; Other $20K (RSU);
Net cap gains $16K; AGI approx. $314,000. Itemized deduction. Muni bond income in TX01 continues to
provide federalntaxnexempt yield. See KFnBucketnStrategy.md, KFnSocialnSecuritynMedicare.md.
ACTION ITEMS
DOCnMeetingNotesn2025n001 | Client: Chen Household (HHnCHENn001) | CONFIDENTIAL Page 2

CLEARWATER WEALTH PARTNERS Annual Client Meeting Summary | 2025
Task ID Description Owner Due Date Status
TaskIDn2025Q1n035 Execute bucket restructuring per DecisionIDn2025n112. Ops 2025n03n31 Completed
TaskIDn2025Q3n036 Deliver SS claiming analysis and retirement income Advisor 2025n09n15 Completed
projection (RecIDn2025n02).
TaskIDn2025Q4n037 Initiate billing review: confirm fee schedule accuracy Advisor 2026n02n15 In Progress fi
2022–2025 per fee question raised Q4. EventIDn2026
n01
PROSPECTS & REFERRALS
Prospect ID Name / Context Stage
ProspectIDn2025n01 Taylor Chen — Alex's sibling. Referred Q2 2025. Discovery meeting completed Q3. Discovery completed —
Follownup planning checklist sent. follownup sent
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. © 2026 Clearwater Wealth Partners. All rights reserved.
DOCnMeetingNotesn2025n001 | Client: Chen Household (HHnCHENn001) | CONFIDENTIAL Page 3
