Jamie and Claire Jackson 1234 Oakwood Circle Homewood ...

Jamie and Claire Jackson 1234 Oakwood Circle Homewood Heights, OH 45044

Welcome Letter

Dear Jamie and Claire Jackson, Welcome! It was a pleasure to meet both of you, and we are so glad we got a chance to discuss what your financial future looks like. We know this is an exciting and potentially nervous time for both of you, so let us say that you are in good hands. As you both mentioned in our first meeting, we will take all your goals and dreams into consideration while creating a realistic plan. It is a pleasure to be working with you and we are excited to help you towards your financial goals. As discussed previously, your financial plan will lay out our best recommendation for you to reach your goals. More importantly is the relationship we envision, where we help you achieve these goals and live your fullest life. Our goal at THK is to support each of our clients in reaching their goals. At THK we believe that your financial health is crucial to living a life to the fullest. We strive to help you achieve all of your financial goals and make the difference in your life.

Best Regards, The THK Financial Team

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Table Of Contents

Copy of Engagement Letter......................................................................................................................4 Mission, Ethics, and Privacy Statement...................................................................................................6 Investment Policy Statement....................................................................................................................7 Client Profile.............................................................................................................................................8 Jamie and Claire's Goals & Objectives.....................................................................................................9 Assumptions............................................................................................................................................10 Executive Summary.................................................................................................................................11 SWOT Analysis........................................................................................................................................12 Cash Flow Analysis..................................................................................................................................13

New Worth Summary.................................................................................................................13 Cash Flow Summary...................................................................................................................13 Projected Cash Flow Analysis.....................................................................................................14 Ratio Analysis.............................................................................................................................15 Expenses.....................................................................................................................................15 Yearly Budget..............................................................................................................................15 Debt Analysis..............................................................................................................................16 Estate Planning........................................................................................................................................17 Tax Planning............................................................................................................................................21 Risk Managment.....................................................................................................................................22 Investment Analysis................................................................................................................................27 Retirement Analysis................................................................................................................................33 Education Analysis..................................................................................................................................37 Implementation and Monitoring............................................................................................................41

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Copy of Engagement Letter

18 May 2019

Jamie & Claire Jackson 124 Oakwood Circle Homewood Heights, OH 45044

Dear Jamie & Claire,

Thank you for the opportunity to meet with you. We welcome the opportunity to work with you as your financial planning group. This engagement letter outlines the specific terms of the financial planning engagement between:

THK Financial, Jackson J. and Jackson C.

If the terms of the financial planning engagement change, they should be documented in writing and mutually agreed upon by all parties.

Rest assured that all information that you provide to our firm will be kept strictly confidential. During the financial planning engagement, we may, on occasion, be required to consult with other third-party professionals at which time we will obtain your written permission to disclose your personal information.

As discussed during our first meeting, our firm will provide all services required to develop your complete financial plan. These services will specifically include: ? Reviewing and prioritizing your goals and objectives. ? Developing a summary of your current financial situation, including a net worth statement, cash flow summary, and insurance analysis. ? Reviewing your current investment portfolio and developing an asset management strategy. ? Developing a financial management strategy, including financial projections and analysis. ? Completing a retirement planning assessment, including financial projections of assets required at estimated retirement date. ? Assessing estate net worth and liquidity. ? Identifying tax planning strategies to optimize financial position. ? Presenting a written financial plan that will be reviewed in detail with you. It will contain recommendations designed to meet your stated goals and objectives, supported by relevant financial summaries.

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? Developing an action plan to implement the agreed upon recommendations. ? Referral to other professionals, as required, to assist with implementation of the action plan. ? Assisting you with the implementation of the financial plan. ? Determining necessity to revise your financial plan.

This will be a continuous professional relationship. At a minimum, we will meet on an annual basis to determine if your plan is still appropriate for you. Either party may end this agreement by notifying the other in writing. Any fees incurred before the date of termination must be paid in full.

The firm's services will be charged on a flat-fee basis. We agreed on a yearly fee of $4,000 for these services: development and delivery of your financial plan, unlimited communication and a review meeting on May 5th, 2020. If you wish to continue our services in the years following please be aware that yearly fees are subject to change.

We acknowledge our responsibility to adhere to CFP Board's Standards of Professional Conduct, and all applicable federal and state rules and regulations. At all times during this engagement, we shall place your interests ahead of our own when providing professional services. In addition, since this engagement includes financial planning services, I am required to act as a fiduciary, as defined by CFP.

We look forward to enriching our partnership in the coming year. "We make the difference."

Best Regards, THK Advisors

I accept the terms of this engagement letter:

Signed:

John Smith

THK Advisor

Date: 05/18/2019

I accept the terms of this engagement letter:

Signed:

Jamie Jackson

Jamie Jackson

Signed:

Claire Jackson

Claire Jackson

Date: 05/18/2019 Date: 05/18/2019

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Mission Statement

Our mission is to help our clients realize their goals through engaged relationships, smart investments, and long-term planning.

Ethics Statement

THK Advisors is dedicated to always placing the client's interests before the interests of an employee or the company. We incorporate the National Association of Personal Financial Advisors (NAPFA) Fiduciary Oath. THK Advisors also adheres to the Certified Financial Planner Board Code of Ethics. Some of the main principles upheld by the Code of Ethics and THK Advisors include integrity, objectivity, competence, fairness, confidentiality, professionalism and diligence.

Privacy Statement

THK Advisors, an independent financial planning firm, is committed to safeguarding the confidential information of its clients. We hold all personal information provided to our firm in the strictest confidence. These records include all personal information that we collect from you in connection with any of the services provided by THK Advisors. We have never disclosed information to nonaffiliated third parties, except as permitted by law, and do not anticipate doing so in the future. If we were to anticipate such a change in firm policy, we would be prohibited under the law from doing so without advising you first. As you know, we use health and financial information that you provide to us to help you meet your personal financial goals while guarding against any real or perceived infringements of your rights of privacy.

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Investment Policy Statement

The IPS provides a long-term plan and a basis for making disciplined investment decisions over time. A written investment policy helps to clearly and concisely identify your pertinent objectives and constraints. Once this is done, we can establish investment guidelines that we feel are appropriate given the universes of strategies and realities of the marketplace. Once a policy is established, we would not expect to change it until there is a material change in your personal or financial circumstance. An investment policy normally doesn't change in response to market moves, and should be long-term to prevent arbitrary or impulsive revisions. The IPS is not a contract of any kind and is not required to make trades in your account. It is only meant to be a summary of our agreed upon investment management techniques to meet your objectives and expectations.

This is subject to change based on the client's acceptance of the plan.

Investment Objectives: Income Income and Growth

Growth

Investment Time Horizon: Short(1 to 3 years) Intermediate(3 to 7 years) Long(7+years)

Distribution/liquidity needs:

___________________________________________________

Risk Attitudes: Conservative Moderately Conservative Moderate Moderately Aggressive ___________________________________________________________

Permissible asset classes, constraints, restrictions: The following investment vehicles may be used in your portfolio unless you indicate otherwise: Mutual Funds(Closed-End and Open), ETFs, Individual Stocks(Common and Preferred), Individual Bonds(Government and Corporate), Structured Investment Products, CDs, Money Market Funds, Master Limited Partnerships, Mortgage Backed Securities and Unit Trusts. ____________________________________________________________

The following asset classes may be used in your portfolio unless you indicate otherwise: Domestic Equity (Large Cap, Mid-Cap, Small-Cap), Foreign Equity (Developed Markets, Developing Markets), Bonds (Short-term, Intermediate-term, Long-term), Cash/Cash Equivalents.

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Client Profile

Figure 1

Figure 2

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