> FICTITIOUS DOCUMENT — FORGE DEMO ONLY · SPECIMEN

# Client Review Memo — The Kestrel Household (H096)

- **Client:** Miles Kestrel
- **Meeting date:** 2026-06-02 (phone)
- **Advisor:** Marcus Hale
- **Cadence:** annual review
- **Client since:** 2009-01

## Agenda & discussion

1. **Market anxiety.** Miles called wanting to talk through recent volatility. He was
   frustrated by the headlines and vented at some length about the market "never sitting
   still" and about a friend who moved everything to cash. He asked whether he was being
   foolish to stay invested.
2. **Reassurance / plan review.** Walked him back through his written plan, his time
   horizon, and why the current allocation already reflects his stated risk tolerance.
   He acknowledged nothing about his situation had actually changed and said he felt
   better having talked it out.

## Decisions

- **No change to allocation or plan.** Client explicitly agreed to stay the course.

## Action items

**None.** This was a reassurance conversation. Miles did not request any change and
none is warranted. Do not open a task from this memo — nothing here is a to-do. Next
touch is the regular annual review.

*— M. Hale, 2026-06-02*