|
|
Retention Rate is calculated on an average annual basis. For the
purposes of our calculation, we exclude clients that were lost due to
death, incapacitation or an extreme departure from the advice we
offered. For the purposes of full disclosure, below we provide a table
showing all instances of client departures over the last 5 years.
|
Year |
Number |
Reason for
Departure |
|
2003 |
1 |
Client
incapacitated due to illness, resulting in guardian's desire to
move the account after only 6 months of management and despite
appreciable gains to account |
|
2004 |
0 |
|
|
2005 |
1 |
Divorce led to one party's discomfort in having both spousal
accounts handled by our firm |
|
2006 |
0 |
|
|
2007 |
1 |
Client
was incapacitated due to illness, resulting in a transfer of
assets to the son's management |
|
2008 |
0 |
|
|
|
