SmartInvestment Sample Reports

Transcription

1 SmartInvestment Sample Reports

2 Consolidated Client Statements and Reports Having consolidated financial statements and reports at your fingertips can significantly ease the often complex process of investment tracking. Because detailed investment tracking is vital when recommending investment and financial planning products to clients, SmartOffice offers a variety of flexible investment statements and reports to facilitate the process of making vital financial decisions, and to help communicate recommendations to clients in easy-to-read, easy-to-understand formats from text-based reports that highlight important account details, to graphical charts that illustrate allocations and other investment details. Client Statement & Report Setup Users can specify report to run as of a certain date for any or all security types for a household, contact, or account including Life and Annuity from the policy area within SmartOffice. Reports can be sorted by the holding types or asset class, and users can create and select from any number of user-specified disclaimers.

3 Consolidated Client Statements and Reports Client Statement and Report Descriptions > Summary of Accounts Contains all accounts currently held by each client. The summary shows account types, date each account was opened, percentage allocation, and the current balance in each account. > Account Summary Shows the breakdown of the asset allocation by each asset class, along with detailed information about the account. > Account Detail Provides an extension to the Account Summary that shows all of the holdings belonging in each of the asset class, including the shares and the current value. > Consolidated Position Statement Illustrates account positions and supports a wide range of planning styles and client investment strategies by offering a great deal of flexibility in sorting investments (i.e., by holding types, asset class, etc.). > Consolidated Investment Summary Report Designed for planners and advisors, but clear enough for clients to see and understand, this report lists the client s investment holdings by holding type or asset class, and identifies liabilities associated with any individual investment. > Consolidated Asset Allocation Report Shows each asset as a percentage of the position and allows the planner and client to respond to allocation issues and monitor the rebalancing of positions. The report can be printed by asset class or holding type. > Balance Sheet Bank Format Allow you to print your client s assets and liabilities in the Federal Reserve format used for loan reviews and decisions by most banks and financial institutions. > Balance Sheet Investment Format Allows you to review all of a client s personal assets and liabilities on a single statement.

4 Client Accounts Prepared on May 22, 2006 Joseph M. Ackerman Ackerman Annuities 29.98% Pershing Individual Account 56.65% American Funds Account 13.36% Account Name Account # Open Date Account Type Account Value Ackerman Annuities /23/2000 Individual 131, American Funds Account /15/1996 General 116, Pershing Individual Account 12/28/1995 Individual 493, Totals 871, This report has been prepared from data believed reliable, but no representation is made to its accuracy or completeness. Assets for which there is no readily identifiable markets or current values are based on the advisor s and/or client s valuation of the assets. Page 1 of 1

5 Account Summary Report Prepared on May 22, 2006 Joseph M. Ackerman Pershing Individual Account Account #: Account Value: 493, Open Date: 12/28/1995 Loan Balance: 0.00 Account Type: Individual Net Value: 493, How Held: Directly Owned Owner: Client Account Allocation Large Cap Value Cash Equivalents Cash Equivalents 12.2% Corporate Bonds 28.0% Government Bonds 16.2% Large Cap Growth 17.4% Large Cap Value 26.2% Total: 100.0% Large Cap Growth Corporate Bonds Government Bonds Assets Current Value Percent of Assets Cash Equivalents 60, % Corporate Bonds 138, % Government Bonds 80, % Large Cap Growth 86, % Large Cap Value 129, % Totals 493, % This report has been prepared from data believed reliable, but no representation is made to its accuracy or completeness. Assets for which there is no readily identifiable markets or current values are based on the advisor s and/or client s valuation of the assets. Page 1 of 1

6 Account Detail Report Prepared on May 22, 2006 Joseph M. Ackerman Pershing Individual Account Account # Account Value: 493, Open Date: 12/28/1995 Loan Balance: 0.00 Account Type: Individual Net Value: 493, How Held: Directly Owned Owner: Client Registration: Individual Cash Account for Joseph M. Ackerman - Residence 488 S. Oakland Avenue, Pasadena, California Interested Parties Role Name Relation Interest Primary Advisor Philip Anderson Owner Joseph Ackerman Self Primary Contact Joseph Ackerman Self $129, $60, $138, Cash Equivalents 12.2% Corporate Bonds 28.0% Government Bonds 16.2% Large Cap Grow th 17.4% Large Cap Value 26.2% Total: 100.0% $86, $80, Assets Shares Current Value Percent of Assets Cash Equivalents Cash Corporate Bonds ATT Government Bonds Federal Natl Mtg Assn Mtn Large Cap Growth AIM Growth Fund Large Cap Value Amgen Corporation AT&T American Century High Yield A 60, , % 136, , % 79, , % 4, , % , % 2, , % 1, , % Account Total: 493, % Page 1 of 1

7 Prepared on 05/22/2006 Consolidated Position Summary By Holding Types As of 03/31/2006 Joseph Ackerman 6.00% 8.11% 488 S. Oakland Avenue Pasadena CA % 10.24% 8.56% 5.70% 4.59% Bank Account Bonds Cash and Equivalents Mutual Funds Real Estate Stocks Variable Annuities Variable Life 48.98% Current Loan Assets Account # Quantity Cost Value Balance Net Equity Bank Account Bank Of America Bank Of The West Bonds ATT Federal Natl Mtg Assn Mtn Cash and Equivalents Cash United States Treasury Bills , , , , , ,737 Bank Account Subtotal 205, , , , , , ,340 79, , , ,144 Bonds Subtotal 210, , ,483 60, , , , , , ,396 Cash and Equivalents Subtotal 145, , ,396 Mutual Funds AIM Growth Fund Morgan Stanley U.S. Govt Sec A American Century High Yield A Real Estate 488 S. Oakland Avenue, Pasadena, CA Stocks Amgen Corporation AT&T International Business Machines Variable Annuities American Skandia-Evergreen VA Global Ldrs. American Skandia-AST AIM Balanced , , , ,049 1, , , ,158 3, , , ,914 Mutual Funds Subtotal 184, , , , ,250, , ,679 Real Estate Subtotal 688, ,250, , , , , ,772 2, , , , , , ,201 Stocks Subtotal 192, , ,782 2, , , ,412 2, , , ,863 American Skandia Subtotal 110, , ,275 Variable Annuities Subtotal 110, , ,275 Page 1 of 2

8 Prepared on 05/22/2006 Consolidated Position Summary By Holding Types (Continued) Joseph Ackerman As of 03/31/2006 Current Loan Assets Account # Quantity Cost Value Balance Net Equity Variable Life Total Coverage-Performer Total Coverage-Income P P , , , ,512 1, , , ,515 Total Coverage Subtotal 55, , ,028 Variable Life Subtotal 55, , ,028 Total 1,792, ,552, ,321 2,156,779 This report has been prepared from data believed reliable, but no representation is made to its accuracy or completeness. Assets for which there is no readily identifiable markets or current values are based on the advisor s and/or client s valuation of the assets. Page 2 of 2

9 Prepared on 05/22/2006 Consolidated Position Summary By Asset Class As of 03/31/2006 Joseph Ackerman 488 S. Oakland Avenue Pasadena CA % 3.52% 5.82% 5.70% 3.30% 9.85% Cash Equivalents Corporate Bonds Government Bonds Large Cap Growth Large Cap Value Long Term Bonds Personal Assets Treasury Bills 19.86% 0.42% Current Loan Assets Account # Quantity Cost Value Balance Net Equity Cash Equivalents Cash Bank Of America , , , ,000 80, , ,277 Cash Equivalents Subtotal 140, , ,277 Corporate Bonds ATT , , , ,340 Corporate Bonds Subtotal 130, , ,340 Government Bonds Federal Natl Mtg Assn Mtn 79, , , ,144 Government Bonds Subtotal 80, , ,144 Large Cap Growth AIM Growth Fund Total Coverage-Performer Total Coverage-Income P P , , , ,049 2, , , ,512 1, , , ,515 Total Coverage Subtotal 55, , ,028 Large Cap Growth Subtotal 135, , ,077 Large Cap Value Amgen Corporation AT&T International Business Machines American Skandia-Evergreen VA Global Ldrs. American Skandia-AST AIM Balanced , , ,772 2, , , , , , ,201 2, , , ,412 2, , , ,863 American Century High Yield A Long Term Bonds Morgan Stanley U.S. Govt Sec A Personal Assets 488 S. Oakland Avenue, Pasadena, CA American Skandia Subtotal 110, , ,275 3, , , ,914 Large Cap Value Subtotal 395, , ,971 1, , , ,158 Long Term Bonds Subtotal 12, , , , ,250, , ,501 Personal Assets Subtotal 688, ,250, , ,501 Page 1 of 2

10 Prepared on 05/22/2006 Consolidated Position Summary By Asset Class (Continued) Joseph Ackerman As of 03/31/2006 Current Loan Assets Account # Quantity Cost Value Balance Net Equity Treasury Bills United States Treasury Bills , , ,396 Treasury Bills Subtotal 85, , ,396 Total 1,667, ,426, ,499 2,032,864 This report has been prepared from data believed reliable, but no representation is made to its accuracy or completeness. Assets for which there is no readily identifiable markets or current values are based on the advisor s and/or client s valuation of the assets. Page 2 of 2

11 Consolidated Investment Summary By Holding Types Prepared on May 23, 2006 Joseph Ackerman 488 S. Oakland Avenue Pasadena CA % 10.69% 6.26% 3.33% 8.94% 7.32% 7.47% Bank Account Bonds Cash and Equivalents Mutual Funds Real Estate Stocks Variable Annuities Variable Life As of 03/31/ % Maturity Current Gain/ Percent of Assets Account # Date Quantity Cost Value Loss Position Bank Account Bank Of America Bonds Federal Natl Mtg Assn Mtn ATT Cash and Equivalents Cash United States Treasury Bills Mutual Funds Morgan Stanley U.S. Govt Sec A AIM Growth Fund American Century High Yield A Real Estate 488 S. Oakland Avenue, Pasadena, CA Stocks Amgen Corporation AT&T Variable Annuities American Skandia-AST AIM Balanced American Skandia-Evergreen VA Global Ldrs /23/ , , , % Bank Account Subtotal 80, , , % 12/31/ , , , % 9/30/ , , , , % Bonds Subtotal 210, , , % 82, , , , % , , , % Cash and Equivalents Subtotal 145, , , % 1, , , , % 4, , , , % 3, , , , % Mutual Funds Subtotal 184, , , % 688, ,250, , % Real Estate Subtotal 688, ,250, , % , , , % 2, , , , % Stocks Subtotal 112, , , % 2, , , , % 2, , , , % American Skandia Subtotal 110, , , % Variable Annuities Subtotal 110, , , % Page 1 of 2

12 Consolidated Investment Summary By Holding Types (Continued) Joseph Ackerman Prepared on May 23, 2006 As of 03/31/2006 Maturity Current Gain/ Percent of Assets Account # Date Quantity Cost Value Loss Position Variable Life Total Coverage-Income Total Coverage-Performer P P , , , , % 2, , , , % Total Coverage Subtotal 55, , , % Variable Life Subtotal 55, , , % Total 1,587, ,444, , % This report has been prepared from data believed reliable, but no representation is made to its accuracy or completeness. Assets for which there is no readily identifiable markets or current values are based on the advisor s and/or client s valuation of the assets. Page 2 of 2

13 Consolidated Investment Summary By Asset Class Prepared on May 23, 2006 Joseph Ackerman 4.09% 6.95% 5.87% As of 03/31/ S. Oakland Avenue Pasadena CA % 6.42% 10.14% Cash Equivalents Corporate Bonds Intl Equities Large Cap Growth Large Cap Value Long Term Bonds Personal Assets Treasury Bills 9.69% 3.83% Maturity Current Gain/ Percent of Assets Account # Date Quantity Cost Value Loss Position Cash Equivalents Cash Bank Of America Corporate Bonds ATT Intl Equities American Skandia-Evergreen VA Global Ldrs. Large Cap Growth AIM Growth Fund Total Coverage-Income Total Coverage-Performer Large Cap Value Amgen Corporation AT&T American Skandia-AST AIM Balanced Long Term Bonds Federal Natl Mtg Assn Mtn Morgan Stanley U.S. Govt Sec A Personal Assets 488 S. Oakland Avenue, Pasadena, CA P P , , , , % 11/23/ , , , % Cash Equivalents Subtotal 140, , , % 9/30/ , , , , % Corporate Bonds Subtotal 130, , , % 2, , , , % Intl Equities Subtotal 56, , , % 4, , , , % 1, , , , % 2, , , , % Total Coverage Subtotal 55, , , % Large Cap Growth Subtotal 135, , , % , , , % 2, , , , % 2, , , , % Large Cap Value Subtotal 166, , , % 12/31/ , , , % 1, , , , % Long Term Bonds Subtotal 92, , , % 688, ,250, , % Personal Assets Subtotal 688, ,250, , % Page 1 of 2

14 Consolidated Investment Summary By Asset Class (Continued) Joseph Ackerman Prepared on May 23, 2006 As of 03/31/2006 Maturity Current Gain/ Percent of Assets Account # Date Quantity Cost Value Loss Position Treasury Bills United States Treasury Bills , , , % Treasury Bills Subtotal 85, , , % Total 1,495, ,358, , % This report has been prepared from data believed reliable, but no representation is made to its accuracy or completeness. Assets for which there is no readily identifiable markets or current values are based on the advisor s and/or client s valuation of the assets. Page 2 of 2

15 Prepared on 05/23/2006 Consolidated Asset Allocation Report Joseph Ackerman 488 S. Oakland Avenue Pasadena CA % 4.09% 6.95% 5.87% 6.42% 10.14% As of 03/31/2006 Cash Equivalents Corporate Bonds Intl Equities Large Cap Growth Large Cap Value Long Term Bonds Personal Assets Treasury Bills 9.69% 3.83% Assets Account # Cost Current Value Percent of Position Cash Equivalents Cash 60, , % Bank Of America , , % Corporate Bonds Cash Equivalents Subtotal 140, , % ATT , , % Intl Equities Corporate Bonds Subtotal 130, , % American Skandia-Evergreen VA Global Ldrs , , % Large Cap Growth Intl Equities Subtotal 56, , % AIM Growth Fund 80, , % Total Coverage-Income P , , % Total Coverage-Performer P , , % Large Cap Value Large Cap Growth Subtotal 135, , % Amgen Corporation 54, , % AT&T 58, , % American Skandia-AST AIM Balanced , , % Long Term Bonds Large Cap Value Subtotal 166, , % Federal Natl Mtg Assn Mtn 80, , % Morgan Stanley U.S. Govt Sec A , , % Personal Assets Long Term Bonds Subtotal 92, , % 488 S. Oakland Avenue, Pasadena, CA 688, ,250, % Treasury Bills Personal Assets Subtotal 688, ,250, % United States Treasury Bills , , % Treasury Bills Subtotal 85, , % Total 1,495, ,358, % This report has been prepared from data believed reliable, but no representation is made to its accuracy or completeness. Assets for which there is no readily identifiable markets or current values are based on the advisor s and/or client s valuation of the assets. Page 1 of 1

16 Prepared on 05/23/2006 Consolidated Asset Allocation By Holding Types Joseph Ackerman 488 S. Oakland Avenue Pasadena CA % 11.08% 6.49% 3.46% 9.27% 7.59% 4.08% As of 03/31/2006 Bank Account Bonds Cash and Equivalents Mutual Funds Real Estate Stocks Variable Annuities Variable Life 53.01% Assets Account # Cost Current Value Percent of Position Bank Account Bank Of America , , % Bonds Bank Account Subtotal 80, , % ATT , , % Federal Natl Mtg Assn Mtn 80, , % Cash and Equivalents Bonds Subtotal 210, , % Cash 60, , % United States Treasury Bills , , % Mutual Funds Cash and Equivalents Subtotal 145, , % AIM Growth Fund 80, , % Morgan Stanley U.S. Govt Sec A , , % Real Estate Mutual Funds Subtotal 92, , % 488 S. Oakland Avenue, Pasadena, CA 688, ,250, % Stocks Real Estate Subtotal 688, ,250, % Amgen Corporation 54, , % AT&T 58, , % Variable Annuities Stocks Subtotal 112, , % American Skandia-AST AIM Balanced , , % American Skandia-Evergreen VA Global Ldrs , , % Variable Life Variable Annuities Subtotal 110, , % Total Coverage-Income P , , % Total Coverage-Performer P , , % Variable Life Subtotal 55, , % Total 1,495, ,358, % This report has been prepared from data believed reliable, but no representation is made to its accuracy or completeness. Assets for which there is no readily identifiable markets or current values are based on the advisor s and/or client s valuation of the assets. Page 1 of 1

17 Balance Sheet - Bank Format Joseph Ackerman Joseph M. Ackerman, M.D., Inc. 488 S. Oakland Avenue 144 Wilshire Blvd., Suite 250 Pasadena CA Los Angeles CA Residence: (626) Business phone: (310) ext. 152 Occupation: Medical Age: 56 Prepared on 05/23/2006 As of 03/31/2006 Assets Asset Type Description How Held Owner Account # Market Value Cash and Equivalents Cash Directly Owned Client 65, Cash and Equivalents United States Treasury Bills 401K Client , Mutual Funds AIM Growth Fund Directly Owned Client 88, Mutual Funds American Century High Yield A 401K Client , Mutual Funds Morgan Stanley U.S. Govt Sec A 401K Client , Stocks Amgen Corporation Directly Owned Client 62, Stocks AT&T Directly Owned Client 62, Bonds ATT Directly Owned Client 138, Bonds Federal Natl Mtg Assn Mtn Directly Owned Client 80, Variable Annuities American Skandia-AST AIM Directly Owned Client , Balanced Variable Annuities American Skandia-Evergreen VA Directly Owned Client , Global Ldrs. Real Estate 488 S. Oakland Avenue, Pasadena, CA Directly Owned Client 1,250, Liabilities Total Assets 1,996, Lender Loan # Secured By Interest Payments Current Balance BOA Pershing Individual , Account Washington Mutual Ackerman Annuities , Wells Fargo S. Oakland Avenue, Pasadena, CA , , Total Liabilities 407, Net Worth 1,588, Cash Flow Information Other Information Joseph Salary Total Income $175, $180, Any Contingent Liabilities Defendant in any suit Any past bankruptcy Any property foreclosed Any outstanding judgments The undersigned hereby certify that the information furnished above on this statement is true and accurate as of this date to the best of my knowledge. Date: / / Joseph Ackerman Page 1 of 1

18 Balance Sheet - Investment Format By Holding Types Joseph Ackerman Prepared on 05/23/2006 As of 03/31/ S. Oakland Avenue Pasadena CA Residence: (626) Business: (310) ext. 152 Assets Description Account # How Held Owner Account Type Market Value Bank Account Bank Of America Directly Owned Client 81, Bonds Bank Account Subtotal 81, ATT Directly Owned Client Individual 138, Federal Natl Mtg Assn Mtn Directly Owned Client Individual 80, Cash and Equivalents Bonds Subtotal 218, Cash Directly Owned Client Individual 82, United States Treasury Bills K Client General 96, Mutual Funds Cash and Equivalents Subtotal 178, Morgan Stanley U.S. Govt Sec A K Client General 10, AIM Growth Fund Directly Owned Client Individual 86, AIM Aggressive Growth Directly Owned Client Individual 48, Real Estate Mutual Funds Subtotal 145, S. Oakland Avenue, Pasadena, CA Directly Owned Client 1,250, Real Estate Subtotal 1,250, Stocks Amgen Corporation Directly Owned Client Individual 57, AT&T Directly Owned Client Individual 60, Variable Annuities American Skandia-Evergreen VA Global Ldrs. American Skandia-AST AIM Balanced Directly Owned Client Individual Directly Owned Client Individual Stocks Subtotal 118, , , Variable Life Variable Annuities Subtotal 261, Total Coverage-Performer P , Total Coverage-Income P , Variable Life Subtotal 153, Total Assets 2,406, Page 1 of 2

19 Prepared on 05/23/2006 Balance Sheet - Investment Format By Holding Types (Continued) Joseph Ackerman 488 S. Oakland Avenue Pasadena CA Residence: (626) Business: (310) ext. 152 Liabilities Lender Loan# Secured By Interest Loan Date Payments Current Balance BOA Pershing Individual /10/ , Account Washington Mutual Ackerman Annuities /13/ , Wells Fargo S. Oakland Avenue, 7.83 Pasadena, CA 09/27/1989 3, , Total Liabilities 408, Net Worth 1,998, Total Assets 2,406, Total Liabilities 408, Net Worth 1,998, Total Liabilities and Net Worth 2,406, % of Liabilities to Assets 16.97% % of Liabilities to Net Worth 20.44% This report has been prepared from data believed reliable, but no representation is made to its accuracy or completeness. Assets for which there is no readily identifiable markets or current values are based on the advisor s and/or client s valuation of the assets. Page 2 of 2

20 Balance Sheet - Investment Format By Asset Class Joseph Ackerman 488 S. Oakland Avenue Pasadena CA Residence: (626) Business: (310) ext. 152 Prepared on 05/23/2006 As of 03/31/2006 Description Cash Equivalents Assets Account # How Held Owner Account Type Market Value Cash Directly Owned Client Individual 82, Bank Of America Directly Owned Client 81, Corporate Bonds Cash Equivalents Subtotal 163, ATT Directly Owned Client Individual 138, Intl Equities American Skandia-Evergreen VA Global Ldrs. Corporate Bonds Subtotal Directly Owned Client Individual 138, , Large Cap Growth Intl Equities Subtotal 151, Total Coverage-Performer P , Total Coverage-Income P , AIM Growth Fund Directly Owned Client Individual 86, AIM Aggressive Growth Directly Owned Client Individual 48, Large Cap Value Large Cap Growth Subtotal 287, American Skandia-AST AIM Directly Owned Client Individual 109, Balanced Amgen Corporation Directly Owned Client Individual 57, AT&T Directly Owned Client Individual 60, Long Term Bonds Large Cap Value Subtotal 228, Federal Natl Mtg Assn Mtn Directly Owned Client Individual 80, Morgan Stanley U.S. Govt Sec A K Client General 10, Personal Assets Long Term Bonds Subtotal 90, S. Oakland Avenue, Pasadena, CA Directly Owned Client 1,250, Personal Assets Subtotal 1,250, Treasury Bills United States Treasury Bills K Client General 96, Treasury Bills Subtotal 96, Total Assets 2,406, Page 1 of 2

21 Prepared on 05/23/2006 Balance Sheet - Investment Format By Asset Class (Continued) Joseph Ackerman 488 S. Oakland Avenue Pasadena CA Residence: (626) Business: (310) ext. 152 Liabilities Lender Loan# Secured By Interest Loan Date Payments Current Balance BOA Pershing Individual /10/ , Account Washington Mutual Ackerman Annuities /13/ , Wells Fargo S. Oakland Avenue, 7.83 Pasadena, CA 09/27/1989 3, , Total Liabilities 408, Net Worth 1,998, Total Assets 2,406, Total Liabilities 408, Net Worth 1,998, Total Liabilities and Net Worth 2,406, % of Liabilities to Assets 16.97% % of Liabilities to Net Worth 20.44% This report has been prepared from data believed reliable, but no representation is made to its accuracy or completeness. Assets for which there is no readily identifiable markets or current values are based on the advisor s and/or client s valuation of the assets. Page 2 of 2

22 Investment Performance Reports Investment Performance on these reports is time-weighted and geometrically linked on a monthly basis using the Modified Dietz method as described in the Global Investment Performance Standards Handbook (GIPS). These reports are designed to help ensure accurate and consistent investment performance data for reporting, record keeping, marketing, and presentation.

23 Investment Performance Reports Investment Performance Report Setup Users can run reports by selecting a date range or by viewing account status as of a certain date. Each report can be generated with or without income. In addition, users can sort by holding type, asset class, market value, shares, or returns.

24 Investment Performance Reports Performance Report Descriptions > Performance Account Summary Shows all of a client s accounts, account number, date the account was opened, account type, account balance, and the return for the selected period. A graphical pie chart illustrates actual investment by each account. > Performance Report Designed for the client, this report shows the beginning and ending values, and it summarizes the activities/transactions that took place during the selected date range, including contributions, withdrawals, interest earned, dividends, and realized and unrealized gains and losses. The report can include the account return for the selected date range and up to five benchmarks and their respective returns. > Performance Detail Illustrates positions based on the holding type or asset class that a client currently holds. Users can easily identify the balance in each position, the account balance at the beginning and end of the selected period, returns for each position, and the account total return. > Period-to-Date Returns Contains returns for each position and the account total return for the last month, last 3 months, quarter-to-date, year-to-date, and the last 12 months. > Top Ten Holdings Illustrates the market value, shares outstanding, and return for each of the top ten performers in the account. > Performance Summary Report Shows monthly and cumulative returns, market value, net additions, and withdrawals for each account month by month. Up to five benchmarks with their respective returns can also be included. > Performance Valuation Summary Includes all of the fields and their values in the performance table that are used to calculate returns on a monthly basis. The report can be printed in two formats: 1) including all account data, and 2) including selected position(s). This report is particularly valuable for analyzing account or position returns and for auditing purposes.

25 Account Performance Summary Prepared on 05/23/2006 From: 03/31/2005 Through: 03/31/2006 Joseph M. Ackerman Ackerman Annuities 26.86% Pershing Individual Account 56.11% American Funds Account 17.03% Account Name Account # Open Date Account Type Account Value % Return Ackerman Annuities /23/2000 Individual 210, American Funds Account /15/1996 General 133, Pershing Individual Account 12/28/1995 Individual 439, The rate of return on this report is time-weighted and geometrically linked on a monthly basis using the Modified Dietz Method. Monthly valuations and returns are calculated on the assumptions that all transactions and prices are accurate. Past performance is no guarantee of future results. Page 1 of 1

26 Performance Report Prepared on 05/23/2006 Joseph M. Ackerman Pershing Individual Account From: 03/31/2005 Through: 03/31/2006 Begining Value 03/31/ , Accrued Income 0.00 Contributions 462, Withdrawals 0.00 Realized Gains 0.00 Unrealized Gains 0.00 Interest & Dividends 22, Change in Accrued Income 0.00 Ending Value 03/31/ , Accrued Income 0.00 Time Weighted Return From 03/31/2005 Through 03/31/ % Dow Jones Industrial Average 4.66 S&P 500 Index 8.48 New York Composite % S&P; 70% DJIA 5.95 The rate of return on this report is time-weighted and geometrically linked on a monthly basis using the Modified Dietz Method. Monthly valuations and returns are calculated on the assumptions that all transactions and prices are accurate. Past performance is no guarantee of future results. Page 1 of 1

27 Performance Detail By Holding Types Prepared on 05/24/2006 Joseph M. Ackerman Pershing Individual Account From: 03/31/2005 Through: 03/31/2006 Beginning Ending % Return Investment Name Market Value Market Value w/income Bonds ATT Federal Natl Mtg Assn Mtn Cash and Equivalents Cash Mutual Funds AIM Growth Fund AIM Aggressive Growth Stocks Amgen Corporation AT&T 58, , , , , , , , , , , , , Total Return 393, , The rate of return on this report is time-weighted and geometrically linked on a monthly basis using the Modified Dietz Method. Monthly valuations and returns are calculated on the assumptions that all transactions and prices are accurate. Past performance is no guarantee of future results. Page 1 of 1

28 Performance Detail By Asset Class Prepared on 05/24/2006 Joseph M. Ackerman Pershing Individual Account From: 03/31/2005 Through: 03/31/2006 Beginning Ending % Return Investment Name Market Value Market Value w/income Cash Equivalents Cash Corporate Bonds ATT Large Cap Growth AIM Growth Fund AIM Aggressive Growth Large Cap Value Amgen Corporation AT&T Long Term Bonds Federal Natl Mtg Assn Mtn 60, , , , , , , , , , , , , Total Return 393, , The rate of return on this report is time-weighted and geometrically linked on a monthly basis using the Modified Dietz Method. Monthly valuations and returns are calculated on the assumptions that all transactions and prices are accurate. Past performance is no guarantee of future results. Page 1 of 1

29 Period-To-Date By Holding Types Prepared on 05/24/2006 Joseph M. Ackerman Pershing Individual Account As of 04/30/2006 Investment Name % Last Month % Last 3 Months % Quarter To Date % Year To Date % Last 12 Months Bonds ATT Federal Natl Mtg Assn Mtn Cash and Equivalents Cash Mutual Funds AIM Growth Fund AIM Aggressive Growth Stocks Amgen Corporation AT&T Total Return The rate of return on this report is time-weighted and geometrically linked on a monthly basis using the Modified Dietz Method. Monthly valuations and returns are calculated on the assumptions that all transactions and prices are accurate. Past performance is no guarantee of future results. Page 1 of 1

30 Period-To-Date By Asset Class Prepared on 05/24/2006 Joseph M. Ackerman Pershing Individual Account As of 04/30/2006 Investment Name % Last Month % Last 3 Months % Quarter To Date % Year To Date % Last 12 Months Cash Equivalents Cash Corporate Bonds ATT Large Cap Growth AIM Growth Fund AIM Aggressive Growth Large Cap Value Amgen Corporation AT&T Long Term Bonds Federal Natl Mtg Assn Mtn Total Return The rate of return on this report is time-weighted and geometrically linked on a monthly basis using the Modified Dietz Method. Monthly valuations and returns are calculated on the assumptions that all transactions and prices are accurate. Past performance is no guarantee of future results. Page 1 of 1

31 Top 10 Holdings Prepared on 05/25/2006 Joseph M. Ackerman Pershing Individual Account From: 03/31/2005 Through: 03/31/2006 Investment Name Market Value Shares Outstanding % Return w/income Amgen Corporation 74, , Cash 72, , AIM Growth Fund 89, , AT&T 65, , Oppenheimer Main Street Inc & Growth Class 89, , AMCAP 31, , Home Depot 90, , AIM Aggressive Growth 48, , ATT , , Federal Natl Mtg Assn Mtn 81, , , The rate of return on this report is time-weighted and geometrically linked on a monthly basis using the Modified Dietz Method. Monthly valuations and returns are calculated on the assumptions that all transactions and prices are accurate. Past performance is no guarantee of future results. Page 1 of 1

32 Performance Summary Prepared on 05/25/2006 Joseph M. Ackerman Pershing Individual Account From: 07/22/2002 Through: 03/31/2006 Date Market Value Net Additions/ Withdrawals % Return with Income Dow Jones S&P 500 Monthly Return Cumulative Return Industrial Index Average New York Composite 30% S&P; 70% DJIA 7/22/ , , /31/ , /30/ , /30/ , /31/ , /29/ , /31/ , /31/ , /28/ , , /31/ , , /30/ , /30/ , , /30/ , /31/ , /29/ , /30/ , /31/ , /28/ , /31/ , /30/ , , /27/ , /31/ , /30/ , /28/ , /30/ , /30/ , /31/ , /30/ , Page 1 of 2

33 Performance Summary (Continued) Prepared on 05/25/2006 Joseph M. Ackerman Pershing Individual Account From: 07/22/2002 Through: 03/31/2006 Date Market Value Net Additions/ Withdrawals % Return with Income Dow Jones S&P 500 Monthly Return Cumulative Return Industrial Index Average New York Composite 30% S&P; 70% DJIA 10/29/ , , /30/ , /31/ , /31/ , /28/ , /31/ , /29/ , /31/ , /30/ , /29/ , /31/ , /30/ , /31/ , /30/ , /28/ , /31/ , , /28/ , /31/ , The rate of return on this report is time-weighted and geometrically linked on a monthly basis using the Modified Dietz Method. Monthly valuations and returns are calculated on the assumptions that all transactions and prices are accurate. Past performance is no guarantee of future results. Page 2 of 2

34 Performance Valuation Summary Prepared on 05/25/2006 Joseph M. Ackerman Pershing Individual Account From 12/31/2005 Through 03/31/2006 Valuation Date 01/31/2006 Market Valuation 517, Accrued Income 0.00 Net Add. 50, Weighted Add. 16, Weighted Income 0.00 Income Received 0.00 Acct. w/inc Acct. w/o inc % Return w/inc % Return w/o inc Date Last Changed 5/25/2006 Valuation Date 02/28/2006 Market Valuation 480, Accrued Income 0.00 Net Add Weighted Add Weighted Income 0.00 Income Received 0.00 Acct. w/inc Acct. w/o inc % Return w/inc % Return w/o inc Date Last Changed 5/25/2006 Valuation Date 03/31/2006 Market Valuation 491, Accrued Income 0.00 Net Add Weighted Add Weighted Income 0.00 Income Received 0.00 Acct. w/inc Acct. w/o inc % Return w/inc % Return w/o inc Date Last Changed 5/25/2006 The rate of return on this report is time-weighted and geometrically linked on a monthly basis using the Modified Dietz Method. Monthly valuations and returns are calculated on the assumptions that all transactions and prices are accurate. Past performance is no guarantee of future results. Page 1 of 1

35 Transactions and Compliance Reports The reports in this section help satisfy NASD and Broker/Dealer compliance and record keeping requirements. These reports can also be used to assist in verifying the calculation of investment cost and tax basis and performance returns. All transaction reports are printed in landscaped mode. Transactions and Compliance Report Setup These valuable reports can be run for the following specifications: > Any user-specified or system predefined date range > Any or all clients > Any selected account or position > Any or all security types including Policies > Any transaction types

36 Transactions and Compliance Reports Position-Based Client Statement and Report Descriptions > Transactions by Security Report (Cross Index or Posting Report) An SEC compliance-type report, it lists all investment transactions and can be run by investment name for any specified date range. > Client Transaction Report (Brokers Book Report) An SEC compliance-type report, it lists transactions for all types of investments and can be run by client name for any specified date range. > Daily Blotter Report (Securities Blotter) An SEC compliance-type report, can be run for any specified date range and lists all types of transactions and sorts them by account or tax ID.

37 Prepared on 05/25/2006 Transaction By Security Joseph M. Ackerman From Since Inception Through: 04/30/2006 Investment Name Purchase Purchase Account Name & Number Trans Type Trans Date Shares Price Sell Shares Sell Price Dollar Amount AIM Growth Fund Pershing Individual Account American Skandia-AST AIM Balanced 05/13/2003 4, , Ackerman Annuities LTCG 03/05/ Ackerman Annuities LTCG 09/02/ Ackerman Annuities STCG 09/04/ Ackerman Annuities /14/2001 1, , Ackerman Annuities /10/2002 1, , American Skandia-Evergreen VA Global Ldrs. Ackerman Annuities Sell 09/30/ , Ackerman Annuities LTCG 03/15/ Ackerman Annuities LTCG 09/13/ Ackerman Annuities STCG 03/12/ Ackerman Annuities STCG 09/14/ Ackerman Annuities /23/2000 2, , Ackerman Annuities /05/2002 1, , Amgen Corporation Pershing Individual Account AT&T Pershing Individual Account ATT Pershing Individual Account Pershing Individual Account Cash Pershing Individual Account Interest 07/22/ , /20/2003 2, , /29/ , , /07/ , , /30/ , Page 1 of 2

38 Prepared on 05/25/2006 Transaction By Security (Continued) Joseph M. Ackerman From Since Inception Through: 04/30/2006 Investment Name Purchase Purchase Account Name & Number Trans Type Trans Date Shares Price Sell Shares Sell Price Dollar Amount Cash Pershing Individual Account Federal Natl Mtg Assn Mtn Pershing Individual Account Morgan Stanley U.S. Govt Sec A 02/13/ , , /20/ , , American Funds Account /19/2004 1, , Total Coverage-Income P /23/2003 1, , Total Coverage-Performer P /30/2003 2, , P /10/ United States Treasury Bills American Funds Account Interest 03/31/ , American Funds Account Interest 03/31/ , American Funds Account /19/ , Page 2 of 2

39 Client Transaction Report Prepared on 05/25/2006 Joseph M. Ackerman From Since Inception Through: 04/30/2006 Trans Date Name Account # Trans Type Shares Share Price Load Dollar Amount 12/29/1995 ATT , , /23/2000 American Skandia-Evergreen VA Global Ldrs , , /12/2001 American Skandia-Evergreen VA Global Ldrs STCG /14/2001 American Skandia-AST AIM Balanced , , /04/2001 American Skandia-AST AIM Balanced STCG /14/2001 American Skandia-Evergreen VA Global Ldrs STCG /05/2002 American Skandia-Evergreen VA Global Ldrs , , /05/2002 American Skandia-AST AIM Balanced LTCG /15/2002 American Skandia-Evergreen VA Global Ldrs LTCG /22/2002 Amgen Corporation , /10/2002 American Skandia-AST AIM Balanced , , /02/2002 American Skandia-AST AIM Balanced LTCG /13/2002 American Skandia-Evergreen VA Global Ldrs LTCG /30/2002 American Skandia-Evergreen VA Global Ldrs Sell , /10/2002 Total Coverage-Performer P /30/2003 Total Coverage-Performer P , , /13/2003 Cash 60, , /20/2003 AT&T 2, , /13/2003 AIM Growth Fund 4, , /23/2003 Total Coverage-Income P , , /07/2004 ATT , , /19/2004 Morgan Stanley U.S. Govt Sec A , , /19/2004 United States Treasury Bills , /30/2004 Cash Interest 22, , /20/2004 Federal Natl Mtg Assn Mtn 79, , /31/2005 United States Treasury Bills Interest , /21/2006 AIM Aggressive Growth 4, , /31/2006 United States Treasury Bills Interest , Page 1 of 1

40 Prepared on June 02, 2006 Daily Blotter From: 01/31/2003 Through: 04/30/2006 Account Name / Dollar Trans Date Contact Name Account # Investment Name Trans Type Shares Price Load Amount 02/13/2003 Joseph M. Ackerman Pershing Individual Account 60, , Cash 03/20/2003 Joseph M. Ackerman Pershing Individual Account 2, , AT&T 05/13/2003 Joseph M. Ackerman Pershing Individual Account 4, , AIM Growth Fund 12/23/2003 Joseph M. Ackerman P , , Total Coverage-Income 01/07/2004 Joseph M. Ackerman Pershing Individual Account 80, , ATT /19/2004 Joseph M. Ackerman American Funds Account , United States Treasury Bills 03/19/2004 Joseph M. Ackerman American Funds Account 1, , Morgan Stanley U.S. Govt Sec A 10/20/2004 Joseph M. Ackerman Pershing Individual Account 79, , Federal Natl Mtg Assn Mtn 01/21/2006 Joseph M. Ackerman Pershing Individual Account 4, , AIM Aggressive Growth 03/12/2006 Joseph M. Ackerman Pershing Individual Account 4, , Microsoft Page 1 of 1