Financial Content Disclosure
Please note: WehnerEd LLC DBA ThriveOak is not yet legally authorized to give financial advice. ThriveOak does not currently employ any employees certified to give financial guidance. The content contained on this website is solely the views and opinions of a hobbyist investor with over a decade of personal finance experience. Accordingly, this website is for basic educational use only. Consult a professional before investing your money based on the content of this site. WehnerEd LLC DBA ThriveOak cannot assume any responsibility or liability for financial losses that are the direct result of use of this website.
Reliability of Analysis and Report
This financial analysis report (Report) is a snapshot which compares your investments and savings strategy with your financial priorities and concerns. It provides only a broad, general guideline which may be helpful in shaping your financial thinking about investment objectives and risk management.
In order to prepare a thorough analysis that completely addresses your needs, your ThriveOak representative will seek to gather a wide variety of personal information from you, such as details about your assets, debts and family relationships. The usefulness of the Report is dependent upon the quality and accuracy of the information you have given us.
The calculations illustrating tax concepts and deductions, and investment gains and losses are estimates only. This analysis is a series of general estimates which are based upon the underlying information now available. That information may change over time, and the analysis would need to be updated to reflect those changes for the analysis to be useful.
The assumptions regarding investment returns and payment streams used in the Report are hypothetical and there can be no guarantee that they will be achieved. Actual results may vary substantially from the figures shown.
No Legal or Accounting Advice is being rendered in this Report
No legal or tax or accounting advice is being rendered in this Report or through any other oral or written communication from ThriveOak financial models or personnel. ThriveOak personnel are not permitted to give legal or tax advice. Clients of ThriveOak should consult directly with their legal and tax advisors prior to entering into any financial transaction or estate plan so that it can be evaluated based on your own needs and circumstances.
Investment Advisory services provided are offered by ThriveOak a SEC registered investment adviser.
It is necessary that ThriveOak receive your permission before sharing your information among its affiliates. By providing personal information to your ThriveOak representative, you give ThriveOak permission to share this information with our affiliates for the purpose of developing your plan.
ThriveOak associates work together in teams to help find solutions for each client’s financial goals. Information gathered and Reports created are shared among the ThriveOak team. ThriveOak may have a number of affiliated companies that provide various products and services such as securities, insurance, mortgage loans, trust and banking services. The financial planning analysis process may involve sharing the information you provide and other information Truist maintains about you among these affiliates in order to provide a recommendation of appropriate products and services.
Implementing a Financial Plan
During the course of planning, strategies may be proposed that include acquisition of securities, insurance and other financial products.
You shall make and shall be solely responsible for any and all decisions as to whether to follow or disregard, wholly or partially, any information provided in the Report. You are free to select any investment advisory firm, broker/dealer or insurance agency for implementation of advice or recommendations provided in the Report or by ThriveOak advisors.
Should you decide to implement any planning option through ThriveOak , you understand that ThriveOak is a registered broker-dealer, and that certain Investment Adviser Representatives (‘IARs’) may act on your behalf.You understand that the IAR who prepared your Report may receive compensation for products sold by ThriveOak to you based on the advice presented with the analysis. You also understand that a conflict of interest may exist when ThriveOak receives a fee for rendering investment advice and its IARs receive a commission for effecting securities and/or insurance transactions relating to its advice given. In particular, you understand and agree that ThriveOak may make investment recommendations to you with respect to the purchase and sale of securities issues by investment companies or other investment products for which ThriveOak or its affiliates provide services and that ThriveOak or its affiliates receive fees for such services, which fees are in addition to the compensation you pay ThriveOak for ThriveOak’s services for this analysis. You further understand that the investments, insurance and advisory services recommended by ThriveOak may be available from other firms at higher or lower charges.
Services provided by the following affiliates of ThriveOak: Banking products and services, including loans and deposit accounts, are provided by member banks, all of which are Members of the FDIC.
Investment and insurance products:
• Are Not FDIC or any other Government Agency Insured
• Are Not Bank Guaranteed
• May Lose Value
• Not a Condition of Any Banking Service or Activity
THIS REPORT AND ANY RELATED PLAN SHOULD NOT BE CONSTRUED AS A RECOMMENDATION TO ENGAGE IN ANY TRANSACTION. MUTUAL FUNDS, EXCHANGE TRADED FUNDS, UNIT INVESTMENT TRUSTS, VARIABLE ANNUITIES AND VARIABLE LIFE POLICIES ARE SOLD BY PROSPECTUS ONLY. FOR COMPLETE INFORMATION INCLUDING CHARGES AND EXPENSES, PLEASE CONTACT YOUR (INVESTMENT ADVISER REPRESENTATIVE/CLIENT ADVISOR) TO OBTAIN A PROSPECTUS. PLEASE READ IT CAREFULLY BEFORE INVESTING OR SENDING MONEY. INVESTMENT RETURN AND PRINCIPAL VALUE OF AN INVESTMENT WILL FLUCTUATE SO THAT SHARE, WHEN SOLD OR REDEEMED, MAY BE WORTH MORE OR LESS THAN THE ORIGINAL COST.
Additional Disclosure Regarding Termination of Advisory Relationship and Brokerage Services
ThriveOak reviews your personal financial and tax situation, investment goals and risk tolerance to prepare and deliver a Report and related financial planning and analysis along with any related financial planning information. Once ThriveOak discusses the Report with you, all investment advisory services cease. At that time, ThriveOak no longer has an investment advisory relationship with you and ThriveOak is not acting as your fiduciary unless you execute an investment advisory agreement with ThriveOak to manage your assets. Please feel free to discuss any questions about this Report, financial planning and the difference between investment advisory and brokerage services, including the extent of ThriveOak’s obligations to disclose conflicts of interest and to act in your best interest, and your rights and ThriveOak’s obligations to you with your investment professional.
Conflicts of Interest
You understand that ThriveOak performs, among other things, investment advisory services for other clients. You recognize that ThriveOak may give advice and take action in the performance of their duties for such other clients which may differ from advice given in this Report, or in the timing and nature of action taken with respect to you.
For any security either shown or used in implementing any planning option, ThriveOak or our affiliated broker-dealer, may trade such security for our own accounts, make or maintain a market in such security, have an investment banking relationship with the underlying firm and/or provide research on the security, either in-house or through a third party. Our affiliated investment advisers may trade such security for their own accounts or the accounts of their advisory clients. If such relationships do not currently exist at the time of your investment, ThriveOak or our affiliates may initiate any of the above relationships without notification.
Capital Markets Assumptions
ThriveOak reviews forward-looking capital markets assumptions annually or when market conditions warrant a change. ThriveOak also routinely monitors the investment landscape to evaluate the consistency of the assumptions.
ThriveOak’s capital markets assumptions provide a reasonable estimate of the geometric return, risk, and correlations of major asset classes over a ten-year forward period. These statistics are designed for the construction of tactical and strategic investment portfolios and longer-term financial plans. Asset classes are represented by the most appropriate indices that display the general characteristics of the asset class and where data is available for analyses.
To create its capital markets assumptions, ThriveOak begins with the assumption that economic cycles range from four to five years in duration; therefore, assumptions will generally include two full cycles including slowdowns and expansions. A building block approach is used to construct asset class returns and ThriveOak relies on regression analysis to determine the factors that explain the returns for alternative strategies.
ThriveOak’s outlook is shaped by current rates of global economic growth, interest rates, price stability, and risk conditions. ThriveOak then combines fundamental insight with quantitative research and the analysis of long-term trends to determine forward-looking projections for asset class returns.
ThriveOak leverages internal and third-party research resources as appropriate.
Additional Important Disclosures
Past performance does not guarantee future results. The projections or other information generated by this report regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not performance guarantees. Any results based upon implementing the suggestions in this Report may vary with each use and over time from any hypothetical projection or suggestion shown. Model results do not represent actual trading and may not reflect the impact that material economic and market factors might have had on our decision-making if we were actually managing your money. Any income tax estimates are made for the current year only and may not consider the possible effects of the Alternative Minimum Income Tax, any unforeseeable future tax law changes or changes in your financial profile that cannot be reasonably anticipated.
Projections, forecasts, and estimates contained in this Report are not purely historical in nature but are forward-looking statements and are based upon information and assumptions that we consider reasonable, subject to uncertainties as to circumstances and events that have not yet taken place and are subject to material variation. Projections are necessarily speculative in nature, and it can be expected that some or all of the assumptions underlying the projections will not materialize or will vary significantly from actual results. Accordingly, the projections are only an estimate and there can be no assurance that any projected or forecasted results will be attained. Actual results may vary from the projections, and the variations may be material. Some important factors that could cause actual results to differ materially from those in any forward-looking statements include, but are not limited to, changes in interest rates or currency exchange rates, market, financial or legal uncertainties, asset liquidity, the price at which the assets are actually purchased, any defaults of assets purchased, the timing of any such defaults and subsequent recoveries, the timing of asset acquisitions and differences in the actual allocation of your assets among asset categories from those assumed in any projections, forecasts and estimates contained in this Report.
Gross vs. Net Performance: All returns appearing in this Report reflect reinvestment of dividends and capital gains, but show only gross performance, with no deduction of advisory fees, brokerage or other commissions, or any other expenses that would accompany the purchase or sale of any of the classes of investments described in this Report. The returns would be lower if advisory fees and other expenses were deducted. Should you choose to engage ThriveOak as your investment adviser, our advisory fees are described in full length on ThriveOak.com.
Performance results are based on mathematical models that use inputs to calculate results. As with all models, results may vary significantly depending upon the value of the inputs given. Models used in any analysis may be proprietary, making the results difficult for any third party to reproduce. Explanations of any modeling techniques employed in our simulation may be provided upon request.
Please review these important disclosures regarding ThriveOak’s Simulations
Our simulation uses a risk and decision analysis technique used to evaluate the outcome of portfolios over time using a large number of simulated variables to generate possible future returns.
There are many variables that can affect a financial plan. Two of the most volatile variables are inflation and investment returns, both of which, historically, vary on a daily basis. Even with this knowledge, most financial projections use constant inflation and investment rates over the period of the analysis. The use of these averages is used as a start for the planning process since the actual values are unknown. Unfortunately, however, this type of analysis illustrates only one outcome, thereby requiring that simulation be used to imitate real-life situations. In order to produce meaningful results, these simulations are processed many times. By varying the rates of return and inflation to simulate the fluctuations that can be experienced in the marketplace, a more realistic reflection of the anticipated ups and downs of the investment environment is presented.
These multiple simulations produce a range of results. These results are then analyzed and probabilities are associated with the outcome. Due to the random nature in which the simulations are generated and the regular updating of historical asset class data, the results may vary with each use and over time, even if the underlying assumptions are not changed.
Important: The projections or other information generated by our simulations regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. An investment cannot be made directly into our simulation. There are limitations in using our simulation, including the analysis is only as good as the assumptions, and despite modeling for a range of uncertainties in the future, it does not eliminate uncertainty.
The results can be presented in various ways, but the ultimate goal of our simulation is to educate and communicate about the uncertainty of the future, so you can make educated decisions about your specific situations.