CLEARWATER WEALTH PARTNERS
Meeting Notes
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CLIENT: Chen Household (Sam & Alex Chen)
DATE: June 14, 2017
MEETING: 2017 Q2 Quarterly Review
ADVISOR: Sarah Chen, CFP® | Clearwater Wealth Partners
LOCATION: Conference Room A, Clearwater Wealth Partners
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DISCUSSION SUMMARY
This was the first formal quarterly review following the completion of the financial
plan. Portfolio stood at $242,000 and the financial plan was reviewed in full —
retirement target of $3.2M by age 65, home purchase goal ($350,000–$400,000 down
payment) in four to five years, and children's education funding as a secondary
priority. The Chens confirmed their understanding of the plan and expressed
comfort with the 70/28/2 equity/bond/cash allocation established in the IPS.
The primary focus of the meeting was the NLTK RSU program. Alex received an initial
grant of 2,500 shares with a four-year quarterly vesting schedule beginning Q4 2017.
The advisor introduced the standard vest protocol: sell approximately 450 shares per
vest to diversify and cover the estimated tax liability; retain approximately 175
shares as a long-term hold. The Chens understood the concentration risk of holding
a single employer's stock in size and agreed to the protocol. A follow-up summary of
the vest schedule and tax mechanics was committed to before Q4.
Estate planning was introduced for the first time. Both Sam and Alex have
employer-sponsored life insurance, but no standalone policies, no wills, and no
healthcare directives. The advisor recommended connecting with a local estate
attorney before year-end and volunteered to provide a referral. Beneficiary
designations on retirement accounts were also flagged for review.
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ACTION ITEMS
1. Send RSU vest protocol summary to Chens before Q4 meeting — by September 1
2. Provide estate attorney referral — by August 1
3. Review and confirm beneficiary designations on all retirement accounts — by Q4
meeting

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CONFIDENTIAL — For client use only. Not for distribution.
