CLEARWATER WEALTH PARTNERS
Meeting Notes
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CLIENT: Chen Household (Sam & Alex Chen)
DATE: March 13, 2019
MEETING: 2019 Q1 Quarterly Review
ADVISOR: Sarah Chen, CFP® | Clearwater Wealth Partners
LOCATION: Conference Room A, Clearwater Wealth Partners
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DISCUSSION SUMMARY
Portfolio recovered to $338,000 by March, reflecting the strong January–February
equity rebound after the Q4 2018 selloff. The advisor reviewed the recovery in
context: the plan was designed for multi-year horizons, and the portfolio's behavior
in Q4 and Q1 confirmed that holding through volatility was the correct posture.
Allocation remained at 70/28/2.
The Q1 2019 NLTK vest occurred in March: 625 shares at approximately $32 per share.
Following protocol, 450 were sold (proceeds of $14,400 added to portfolio) and 175
were retained. Cumulative retained NLTK position is now approximately 875 shares at a
blended basis near $29. The position is valued at approximately $28,000, or about
8.3% of the total portfolio. The advisor reiterated the importance of not allowing
concentration to grow beyond 15% of AUM.
The Q3 2019 cliff vest analysis was provided in advance of today's meeting. The grant
schedule shows a double-vest tranche of approximately 1,250 shares anticipated in
September 2019 — the largest single vest event in the grant. The advisor proposed an
accelerated sell strategy for the cliff vest: sell 900 shares immediately at vest,
donate up to 200 shares to a donor-advised fund if NLTK's price is above $40, and
retain 150 shares. The Chens agreed to review the analysis before the Q2 meeting
and confirm the strategy.
Home purchase savings: ACCT-CASH is now at $141,000. The trajectory is ahead of plan.
The Chens confirmed that the home purchase is still targeted for mid-2021 and that
they intend to begin active searching in early 2020.
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ACTION ITEMS

1. Chens to review Q3 cliff vest strategy analysis — confirm sell/donate/hold
allocation before Q2 meeting
2. Begin home purchase market research — advisor to share mortgage
pre-qualification checklist
3. Monitor 529 accounts — confirm January auto-contributions processed
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CONFIDENTIAL — For client use only. Not for distribution.
