Bateman Mackay Fiscal Fitness Assessment

Our financial affairs are well organized and in good order.

I know what my family’s long term goals are and can quantify them.

Our personal financial situation is straightforward, I enjoy managing it and I feel I am doing a good job.

We have a document records system that allows us (or our loved ones) to quickly put our hands on whatever we need.

I can safely say that very few financial details fall through the cracks in my life.

I receive regular, easy to understand, consolidated reporting on all our family holdings across all of our entities and family members.

I am comfortable that we have the appropriate level of risk in our portfolio.

I know what rate of return we need from our investments to ensure we meet our family’s key objectives.

I am confident that our asset allocation reflects our risk and return expectations.

We have a written Investment Policy Statement for our overall investment portfolio that clearly lays out the objectives, limitations, review process and accountability.

Our investments have been objectively reviewed recently and I am confident we have the right ones in place and in the right combinations.

We have a regular review process in place to evaluate the success

I am comfortable that we have the appropriate level of risk in our portfolio.

We have a process in place to review non-portfolio risks that could impair our wealth.

We have a process in place to review our insurance to ensure it covers our significant risks.

I understand all our insurance policies and am confident that they are appropriate and up-to-date.

I am confident that we are taking advantages of all the tax efficiencies available to us.

I am confident that the tax allocation of our investment assets is optimal.

I understand how the use of a trust or other tax structures could decrease the amount of tax we pay.

I fully understand the tax implications of any U.S. assets we own (e.g. real estate, securities etc.) and have protected ourselves accordingly.

I am confident that we are taking advantages of all the tax efficiencies available to us.

I have a clear idea of our estate objectives and how much our heirs will receive after taxes and when.

Our wills have been updated in the past three years. We have properly-executed powers of attorney for financial and health care purposes.

I have calculated how much capital I will need to be able to retire and to maintain our standard of living.

I know what our family expenses are and feel confident that they are reflected in my wealth plan.

I have a game plan in place to prepare for a liquidity event, such as retirement, receiving my deferred compensation or cashing in my shares or partnership interests

I have an advisor who is knowledgeable and objective regarding all of the issues listed above.

My advisor is proactive and regularly anticipates the key issues that need attention in my life.

I know all the fees we are paying to our advisors and understand the value we receive and the impact on our net worth.

Our family has frequent, open, healthy dialogue about money and financial issues.

I am confident that my spouse and children will be able to manage if something happened to me.

I am confident that our family net worth is not likely to be at risk if one of my children gets divorced.

If any of my family is a U.S. citizen, resident or green card holder, I understand the tax and compliance risks facing the family and have addressed them.

I feel confident that our children are financially well-educated and sufficiently responsible to inherit the assets that are likely to be left to them.