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## Complete Registration to Activate Trading

Complete Registration to Activate Trading

# Trading Portfolio Allocation

## Client Information

Client Name Byron Lai
Advisor Name Carolyn Greenwood Nelson
Advisor CRD 2081477
Advisor Firm DA Davidson
Date

## Proposed Trading Portfolio

Initial Capital 500,000 USD
Base Currency USD/USDC
Investment Focus Sustainable income generation with medium-risk growth potential
Primary Goal Target ~20% annual returns through diversified, actively managed portfolio with copy trading

## Trading Portfolio Allocation Overview

Asset Class | Allocation | Description
--- | --- | ---
U.S. Dividend & Covered Call ETFs | 30% | Income-generating ETFs (QYLD, JEPI, SCHD) focused on dividends and option premiums for steady cash flow
Core + Active Cryptocurrency | 25% | Actively managed mix of BTC, ETH, SOL, LINK, and AVAX rotated based on trend strength and risk-to-reward setups
Thematic U.S. Growth Stocks | 20% | Exposure to long-term secular growth areas like AI, clean energy, robotics, and automation
REITs & Infrastructure Equities | 15% | Yield-focused exposure to commercial real estate (VNQ, PLD) and infrastructure (AMT, BIP)
Cash / Short-Term Reserves (USDC) | 10% | Liquidity for opportunities and risk management flexibility

## Strategy Notes

### U.S. Dividend & Covered Call ETFs (30%)

Structured to produce regular income through high-dividend ETFs and covered call strategies. The allocation includes QYLD (Global X NASDAQ 100 Covered Call ETF) for high monthly income, JEPI (JPMorgan Equity Premium Income ETF) for lower volatility income, and SCHD (Schwab U.S. Dividend Equity ETF) for quality dividend growth. Covered call overlays provide additional yield and partial downside protection while participating in market upside.

### Cryptocurrency Allocation (25%)

Maintained in a USDC-backed structure for efficient rotation and ease of conversion. Core holdings (BTC/ETH) provide long-term upside potential, while tactical altcoin positions (SOL, LINK, AVAX) allow for alpha generation during favorable market conditions. The allocation is actively managed based on technical indicators and market cycles, with position sizes adjusted according to volatility and momentum signals.

### Thematic Growth Stocks (20%)

Includes high-conviction innovation themes selected via fundamental analysis of earnings strength, technical patterns, and macro tailwinds. The portfolio focuses on sectors with long-term growth potential including artificial intelligence, clean energy transition, robotics, and automation. Positions are monitored for rebalancing opportunities and adjusted quarterly based on performance and valuation metrics.

### REITs & Infrastructure (15%)

Balances the portfolio with real-asset exposure that provides income and potential inflation hedging. The REIT allocation includes diversified commercial real estate (VNQ) and industrial/logistics properties (PLD). Infrastructure investments focus on cellular towers (AMT) and global infrastructure development (BIP). These positions provide stable cash flows with moderate growth potential.

### Cash/Stablecoin Reserve (10%)

Maintained in USDC to act as dry powder for trade setups or defensive maneuvers during market corrections. The reserve provides flexibility to capitalize on opportunities without needing to liquidate core positions. During periods of elevated market volatility, this allocation may temporarily increase to preserve capital.

## Key Considerations

Designed specifically for income generation with medium-risk growth potential, aligning with your stated objectives.

Crypto exposure limited to 25% per your request, with USDC used for stability and trading efficiency within the digital asset portion.

Managed under a performance-based fee model. No commissions unless your capital grows.

Portfolio will be mirrored in real time using secure copy trading systems requiring no active involvement on your part.

Quarterly rebalancing will maintain target allocations while adjusting to market conditions.

Tax-efficient strategies employed where possible, with income distributed according to your preferences.

## Trading Portfolio Allocation Chart

Dividend & Covered Call ETFs 30%
Cryptocurrency 25%
Growth Stocks 20%
REITs & Infrastructure 15%
Cash/Reserve 10%

These terms and conditions ("Agreement") governs the relationship between Byron Lai ("Client") and Carolyn Greenwood Nelson ("Advisor") of DA Davidson ("Firm") regarding discretionary investment management services for an income-focused portfolio strategy.

## 1. Purpose of Agreement

This agreement establishes the framework for managing an income-generating investment portfolio targeting ~20% annual returns through a diversified allocation of dividend ETFs, cryptocurrency, growth stocks, and real assets. The Advisor will provide discretionary management with copy trading capabilities based on the Client's stated medium risk tolerance and income objectives.

## 2. Scope of Service

The advisor will manage and/or guide the investment of funds deposited by the client into his trading account structured and tracked in USD Coin (USDC) or USD-equivalent terms.

Services include:

- Access to a managed model portfolio which may include elements of copy trading.
- Ongoing portfolio monitoring and rebalancing.
- Tailored investment decisions aligned with the client's stated risk profile and objectives.
- Trade-idea-based communication (where applicable).

## 3. Execution of Trades

Execution of trades will occur under a copy-trading format, where the client's portfolio mirrors a master portfolio managed by the Advisor. Adjustments will be made when necessary to reflect the Client's specific risk tolerance and objectives. Client can view real-time updates, monitor trades, and track performance.

## 4. Withdrawal

Funds can be withdrawn at anytime, provided they are not currently involved in an active trade.

## 5. Fee Structure

1. No upfront or flat management fees will be charged.
2. A performance-based fee of 15% will apply to net realized profits. No fee is charged unless the portfolio achieves gains, ensuring full alignment between the Advisor's and Client's interests.
3. Fees are calculated in the base currency (USD or USDC) and settled accordingly.
4. This fee arrangement may be reviewed and adjusted over time, subject to mutual agreement based on portfolio performance, size, or other relevant factors.
5. The client has final approval authority on all transactions.

## 6. Risk Disclosure

1. Investments in cryptocurrency and equity markets carry inherent risks, including the risk of partial or total capital loss.
2. Past performance is not indicative of future results.
3. The advisor will take reasonable steps to manage risk but does not guarantee returns.
4. Client acknowledges and accepts these risks before engaging in this investment service.

## 7. Confidentiality and Data Protection

The Advisor is committed to protecting the Client's personal and financial data in accordance with applicable data protection laws and industry standards.

All digital communications, account access, and documentation are secured using encryption protocols. The Client's data will not be shared or used for any purpose other than for providing agreed services, unless required by law or explicitly authorized by the Client in writing.

## 8. Termination

1. Either party may terminate this agreement at any time with written notice.
2. Upon termination, all positions will be closed (if under full management) or transferred to the client for independent management.

## 9. Consent & Agreement

By proceeding with the portfolio, the client acknowledges understanding and agreement to the terms stated herein. The client further confirms that all information provided in the questionnaire is accurate and complete to the best of their knowledge.

## 10. Limitation of Liability

1. The Advisor shall not be held liable for any direct or indirect loss resulting from system outages, internet connectivity issues, platform malfunctions, or data transmission failures beyond their control.
2. The Advisor shall not be responsible for any delay or failure to perform obligations under this agreement due to force majeure events, including but not limited to natural disasters, pandemics, war, civil unrest, or regulatory changes.
3. The Client remains responsible for adhering to any investment restrictions or limitations applicable to their personal or legal circumstances. The Advisor shall not be held liable for non-compliance in this regard unless explicitly informed in writing and acknowledged.
4. The Client is responsible for maintaining the confidentiality of their login credentials and notifying the Advisor promptly of any suspected unauthorized access.

## 11. General Provisions

1. All amendments or modifications to this agreement must be made in writing and mutually signed or acknowledged by both parties.
2. Any waiver granted under this agreement shall be in writing and shall apply only to the specific instance for which it was granted.
3. The rights and remedies of each party under this agreement are cumulative and do not exclude any rights provided by law.
4. The partial exercise of any right or remedy shall not prevent its future full exercise.

## 12. Communication and Access

1. All official communication regarding this agreement, trade updates, and performance summaries will be conducted through the Advisor's designated platforms or official email address (carolyn.nelson@davidsonwealthteam.com).
2. In rare technical cases where firm channels are temporarily unavailable, clients may be contacted through alternate means, but documentation will resume on the official platform as soon as possible.
3. Notices are deemed received when electronic confirmation of transmission is acknowledged.

## 13. Governing Law and Jurisdiction

1. This agreement shall be governed by and interpreted in accordance with the laws of the jurisdiction under which the Advisor operates.
2. Any disputes arising under or in connection with this agreement shall be subject to the exclusive jurisdiction of the competent courts in that jurisdiction, unless otherwise mutually agreed upon in writing.

## 14. Conflict of Interest

The Advisor agrees to act in the best interest of the Client and to disclose any actual or potential conflicts of interest that may arise during the course of this engagement.

Where possible, measures will be taken to avoid conflicts. If a conflict cannot be avoided, the Advisor will provide full transparency and obtain the Client's consent before proceeding with any related action.

## Agreement Confirmation

By checking the box below, you confirm that you have read and understood these terms and conditions, and agree to proceed with the trading portfolio allocation.

Agree to continue
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