or illiquid securities or property.
Excluded Assets will not be included in calculation of Fees paid to the Adviser on the ERISA
Agreement. Specific services will be outlined in detail to each plan in the 408(b)2
disclosure.
FINANCIAL PLANNING AND CONSULTING
Financial planning services include a comprehensive evaluation of an investor's current
and future financial state and will be provided by using currently known variables to
predict future cash flows, asset values and withdrawal plans. NRI will use current net
worth, tax liabilities, asset allocation, and future retirement and estate plans in developing
financial plans.
Typical topics reviewed in a financial plan may include but are not limited to:
• Financial goals: Based on an individual's or a family's clearly defined financial
goals, including funding a college education for the children, buying a larger home,
starting a business, retiring on time or leaving a legacy. Financial goals should be
quantified and set to milestones for tracking.
• Personal net worth statement: A snapshot of assets and liabilities serves as a
benchmark for measuring progress towards financial goals.
• Cash flow analysis: An income and spending plan determines how much can be set
aside for debt repayment, savings and investing each month.
• Retirement strategy: A strategy for achieving retirement independent of other
financial priorities. Including a strategy for accumulating the required retirement
capital and its planned lifetime distribution.
• Comprehensive
risk management plan: Identify all risk exposures and provide
the necessary coverage to protect the family and its assets against financial loss. The
risk management plan includes a full review of life and disability insurance,
personal liability coverage, property and casualty coverage, and catastrophic
coverage.
• Long-term investment plan: Include a customized asset allocation strategy based
on specific investment objectives and a risk profile. This investment plan sets
guidelines for selecting, buying and selling investments and establishing
benchmarks for performance review.
• Tax reduction strategy: Identify ways to minimize taxes on personal income to the
extent permissible by the tax code. The strategy should include identification of tax-
favored investment vehicles that can reduce taxation of investment income.
• Estate preservation: Help update accounts, review beneficiaries for retirement
accounts and life insurance, provide a second look at your current estate planning
documents, and prompt you to update your plan when the legal environment
changes or you have major life events such as a marriage, death, or births.
If a conflict of interest exists between the interests of NRI and the interests of the Client, the
Client is under no obligation to act upon NRI’s recommendation. If the Client elects to act
on any of the recommendations, the Client is under no obligation to effect the transaction
through NRI. Financial plans will be completed and delivered inside of ninety (90) days
contingent upon timely delivery of all required documentation.
Client Tailored Services and Client Imposed Restrictions
NRI offers the same suite of services to all of its clients. However, specific client financial
plans and their implementation are dependent upon the client Investment Policy Statement
which outlines each client’s current situation (income, tax levels, and risk tolerance levels)
and is used to construct a client specific plan to aid in the selection of a portfolio that
matches restrictions, needs, and targets.
Clients may impose restrictions in investing in certain securities or types of securities in
accordance with their values or beliefs. However, if the restrictions prevent NRI from
properly servicing the client account, or if the restrictions would require NRI to deviate
from its standard suite of services, NRI reserves the right to end the relationship
Agreements may not be assigned without written Client consent.
Wrap Fee Programs
NRI does not sponsor any wrap fee programs.
Client Assets under Management
NRI has the following assets under management:
Discretionary Amounts: Non-discretionary Amounts: Date Calculated:
$175,219,539 $0 December 31, 2023