Understanding Your First Clearing Statements

Presented by:Matthew J. Curfman, CFP®

Senior Vice President of Investment ServicesRichmond Brothers Financial Management

Specialists, Inc.

Disclosures

Matt Curfman is a Registered Representative in the states of MI, AZ, CA, FL, GA, IA, IN, KS, KY, CO, MN, NC, NY, OH, TX

Licensed to sell securities, annuities, & insurance Affiliated with Sammons Securities Co.®, LLC,

member FINRA/SIPC & Midland National Richmond Brothers Financial Management

Specialists, Inc. offers securities through Sammons Securities Co.®, LLC, member FINRA/SIPC

Disclosures

Richmond Brothers offers securities through Sammons Securities Co.®, LLC, member FINRA/SIPC. The broker/dealer for Midland National’s variable products is Sammons Securities Co. Sammons Securities Co. is a registered broker/dealer under the Securities Exchange Act of 1934. Sammons Securities Co. is an indirect wholly owned subsidiary of Sammons Enterprises, Inc., of Dallas, Texas, the ultimate parent company of Midland National.

Disclosures This material is provided for general and educational

purposes only and is not intended as tax, legal or investment advice

There will be an opportunity to schedule an appointment for an individual consultation at the end of this Webinar which may result in a recommendation of specific financial products that may help you achieve your financial goals

There is no obligation to schedule an appointment or purchase a product

First Clearing, LLC, is a Member of NYSE/SIPC. Investment and Insurance Products: NOT FDIC Insured, NO Bank Guarantee, MAY Lose Value Accounts

Agenda

Online access

Linking Accounts

Snapshot View

Detailed View

Online Access FCC Account Access available

through Richmond Brothers’ website: www.richmondbrothers.com– offers real-time account data– downloads into Quicken® and

Microsoft® Money call FCC toll-free at 1-877-488-3748

for step by step directions to set up online accounts

Linking Accounts

Combined snapshot for a more holistic view of accounts

Contact Cindy at cindy@richmondbrothers.com or

517-536-5000 ext. 32 to link accounts

Snapshot View

Summary of activity during previous month– If accounts linked, you will have a

combined snapshot

Note: sample statements shown may include more information than what you have on your statement, depending on the types of investments in your portfolio

Snapshot View

Snapshot View Explanations

Section #1 Progress summary

– provides values for all of the cash flowing into and out of the account along with the change-in-value for the period

Value over time – illustrates your progress during the current year

Section #2 Portfolio summary

– categorizes your investments by asset type for the last two periods

– shows both dollar values and portfolio percentages– current month’s allocation percentage displayed in the

pie chart

Snapshot View

Snapshot View Explanations

Section #3 Cash flow summary

– displays all of your cash additions and subtractions, which lets you easily see your current-period and year-to-date cash flow

Section #4 Income summary

– provides an overview of the various types of income your account has earned during the current period and for the full year

– broken down into taxable and federally tax-exempt categories based on the type of securities you hold

– breakout does not occur for IRA accountsSection #5 Gain/loss summary

– displays total realized and unrealized gains and losses – section is included only if your account provides cost basis

information on your statement

Snapshot View

Snapshot View Explanations

Section #6 Account profile

– overviews important account information, including your Investment objective/Risk tolerance

– Contact Richmond Brothers if this section needs to be updated

Section #7 Document delivery status

– Shows if you’ve elected to receive electronic or paper statements

Section #8 Market indices

– current month end and previous year end are available if this feature has been set to display

Detailed View

Want to know more about your account’s activity and positions

Noticed something in the Snapshot that you would like to know more about

Detailed View

Detailed View Explanations

Section #1 Bond maturity schedule

– graph and table summarize the maturity dates and maturing amounts for your account’s fixed-income securities (if set to display)

Section #2 Additional information

– appears only if one or more of the categories applies to your account.

– can be useful when working with your tax advisor Section #3 Expense tracking summary

– If you code expenses on your checks, you will see exactly where your money goes every month

Detailed View

Detailed View Explanations

Section #4 Portfolio detail

– lists cash and sweep balances, stocks and options, fixed-income securities, mutual funds, unit investment trusts, and other assets based on your account’s holdings

– all asset classes itemized with a total value, by category, for the current month

Section #5 of Account column

– percent held of each individual position in comparison to your entire account value

Section #6 Adj Price/Orig Price, Adj Cost/Orig Cost

– identify potential tax-related opportunities– For securities that include cost basis adjustments, FCC

provides the original unit price and original total cost– Please note: this section is included only if your account

provides cost basis information on your statement

Detailed View Explanations

Section #7 Estimated Annual Income & Estimated

Annual Yield– provided to give you an idea of how much

income the account will receive Section #8 Held in Margin

– indicates whether any portion of that position is held in your margin account

– ticker symbol appears under the description for applicable securities

Detailed View

Detailed View Explanations

Section #9 Reinvestment

– indicates that you’ve elected to use dividends and capital gains (mutual funds only) to purchase additional shares

Section #10 S and L indicators

– displayed for each tax lot – securities held fewer than 12 months are short-term (S)– securities held longer than one year are long-term (L) – show only if your account provides cost basis information on

your statementSection #11 Annuities/Insurance

– provide data received directly from the insurance companies– include variable and fixed annuities

Detailed View

Detailed View Explanations

Section #12 Cash Activity detail

– shows the cash flowing into and out of your account since your last statement

– Advantage accounts can be listed by date, type or a combination of the two (default is by type)

– contact Richmond Brothers to change your displaySection #13 Activity

– each type is totaled Section #14 Amount

– displays total transaction value

Detailed View

Detailed View Explanations

Section #15 ATM and CheckCard activity

– lists transactions by activity dateSection #16 Withdrawals by check

– listed sequentially– include the date paid, check number and payee

Section #17 Expense Code

– description, as well as number, is included to help track expenses for budgeting purposes

– five standard categories and up to five customized categories to track any expenses chosen

Section #18 Account Type

– indicates whether the transaction took place in the cash or margin portion of the account

Detailed View

Detailed View Explanations

Section #19 Non cash activity detail

– shows all transfers of positions into and out of the account and provides each position’s value on the transfer day

– positions’ valuations help provide an accurate picture of account’s progress

Section #20 Cash sweep activity

– shows the sweep that occurs between your account and the cash sweep option, including reinvested dividends and interest

Section #21 Open orders

– unfulfilled orders at month’s end are displayed – help keep track of those orders FCC received but did not yet

execute

Detailed View

Detailed View Explanations

Section #22 Realized gain/loss

– provides the current-period and year-to-date net gain or loss on securities closing transactions in account

– monthly statement will include details of closing transactions only for the statement period

– year-end package will contain a recap of detail information for the entire year

Section #23 Adj Price/Orig Price and Adj Cost/Orig Cost

– for accounts that show cost basis adjustments, the following items are displayed: the original unit price, original total cost, adjusted unit price and adjusted total cost

– is compared to the Proceeds to calculate your realized Gain/Loss

Section #24 Index options

– if any were closed during the period

Thank You

For more information: www.richmondbrothers.com