CLEARWATER WEALTH PARTNERS
Meeting Notes
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CLIENT: Chen Household (Sam & Alex Chen)
DATE: March 10, 2021
MEETING: 2021 Q1 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 in-person meeting since the pandemic began. Portfolio stood at
$901,000 — approaching the $1 million milestone. The Chens expressed appreciation
for the return to in-person meetings and noted that the pandemic period had
strengthened their confidence in the financial plan. Allocation at 60/36/4 is within
IPS bands.
Home purchase is now the primary near-term focus. The Chens are actively searching
and have made one offer (declined). ACCT-CASH holds $204,000. The home purchase
impact analysis prepared post-Q4 was reviewed: using $210,000 as the down payment
assumption, the remaining portfolio would be approximately $690,000 post-close.
Given current income and savings rates, the portfolio is projected to recover to
pre-purchase levels within 18–24 months.
The Q1 NLTK vest occurred in March: 625 shares at $36 per share. Protocol: 450 sold
($16,200), 175 retained. Cumulative retained position approximately 1,750 shares at
a blended basis near $32. Position valued at approximately $63,000 — about 7% of
portfolio.
The advisor introduced trust planning as a priority now that the Chens own a home
(pending close). A revocable living trust is the recommended structure to avoid
probate and simplify asset transfer. The advisor will coordinate with the estate
attorney to ensure the trust is established concurrently with the home purchase, and
that beneficiary designations on all accounts are aligned with the trust.
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ACTION ITEMS
1. Establish revocable living trust concurrent with home purchase — coordinate
with estate attorney

2. Align all beneficiary designations with trust — complete by close date
3. Confirm Q2 2021 NLTK vest — will coincide with expected home close; coordinate
timing
4. Update home purchase impact analysis once offer is accepted
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CONFIDENTIAL — For client use only. Not for distribution.
