May 2026 — Initial Advisory Session

First comprehensive session establishing the financial advisory relationship.

What Was Covered

1. Full portfolio analysis across all platforms — see Snapshot
2. RSU vesting schedule extraction and analysis
3. Cash flow and tax structure review
4. FIRE target setting (retirement + generational wealth)
5. Kernel rebalance proposal with fund research
6. PIE vs FIF tax decision — see Assessment
7. Monte Carlo stress testing
8. Investment policy decisions

Key Decisions Made

• Stay 100% PIE (28% tax, no provisional tax headaches)
• Sell all MSFT direct shares, resume sell-on-vest
• Rebalance Kernel toward growth (27% S&P 500, 33% World ex-US, 13% Global 100)
• Keep 100K in Cash Plus as minimal buffer
• Legacy gifts conditional on portfolio health
• Annual spend: 200K NZD

Pending Actions

1. Email tax advisor re: MSFT sale implications (ESPP lots especially)
2. Sell 286 MSFT shares on Fidelity
3. Execute Kernel rebalance
4. Resume sell-on-vest + sell ESPP on purchase