> FICTITIOUS DOCUMENT — FORGE DEMO ONLY · SPECIMEN

# Client Review Memo — The Thorne Household (H032)

- **Clients:** Walter Thorne, Quentin Thorne
- **Meeting date:** 2026-05-19 (in-office)
- **Advisor:** Marcus Hale
- **Cadence:** annual review
- **Client since:** 2013-11

## Agenda & discussion

1. **Annual review.** Portfolio on track against their long-term plan; no allocation
   change requested.
2. **College funding.** Their younger child starts college in fall 2027. Discussed
   drawing from the existing 529 in the first year and how that coordinates with cash
   flow. Estimated first-year need around $28,000 [color].
3. **Insurance note.** Walter mentioned a new term-life policy purchased outside the
   firm; noted for the file, no action for us.

## Decisions

- Plan to begin 529 distributions in the 2027–2028 academic year; revisit sequencing
  at the next annual review.

## Action items

| # | Item | Owner | Due |
|---|---|---|---|
| 1 | Add a 529 draw-down note to the plan file for the 2027 review | Marcus | 2026-06-05 |

*— M. Hale, 2026-05-19*