Quotation Estimate Banker in United States New York City –Free Word Template Download with AI

Quotation Estimate No.	QEST-2025-NYC-04782
Date of Issue	June 12, 2025
Valid Until	July 12, 2025 (30 calendar days)
Prepared By (Banker)	Mr. Jonathan R. Whitfield, CFA, CFP — Senior Banker, Meridian Capital Advisory Group
Banker Address	200 Park Avenue, Suite 4200, New York, NY 10166, United States New York City
Client Name	Harold & Patricia Ellison (Joint Account Holders)
Client Address	148 West 87th Street, New York, NY 10024, United States New York City
Engagement Scope	Comprehensive Banking, Wealth Management, and Financial Planning Services

This Quotation Estimate is formally issued by Mr. Jonathan R. Whitfield, a licensed and regulated Banker operating within the jurisdiction of United States New York City, to the above-named client. The purpose of this document is to provide a detailed, itemized cost projection for the full spectrum of banking and financial advisory services to be rendered over a twelve-month engagement period. All fees, charges, and projected costs outlined in this Quotation Estimate are subject to the terms and conditions specified herein and are governed by the financial regulations of the State of New York and applicable federal banking statutes of the United States.

The undersigned Banker shall deliver the following professional services to the client throughout the engagement term. Each service line item below constitutes a component of this Quotation Estimate and is subject to the rates specified:

#	Service Description	Frequency	Estimated Cost (USD)	Notes
1	Primary Banking Relationship Management & Account Oversight	Monthly	$1,200.00	Includes checking, savings, and money market account management
2	Wealth Management & Portfolio Advisory (Banker-led)	Quarterly	$4,500.00	Asset allocation, equity/fixed-income strategy, rebalancing
3	Tax-Optimized Financial Planning (NYC & Federal)	Bi-Annually	$3,800.00	Compliance with IRS and New York State tax codes
4	Real Estate & Property Financing Advisory	As Needed (est. 2x/yr)	$2,500.00	Mortgage structuring, HELOC, commercial property loans in NYC
5	Estate & Succession Planning Coordination	Annually	$3,200.00	Trust structuring, beneficiary designations, will coordination
6	Retirement Income & Social Security Optimization	Annually	$2,000.00	401(k)/IRA rollover strategy, RMD planning
7	Insurance Needs Analysis & Policy Review	Annually	$1,500.00	Life, disability, long-term care, umbrella liability
8	Emergency & Priority Banking Support (24/7)	Continuous	$600.00	Dedicated Banker hotline, wire transfer authorization, fraud response
9	Quarterly Performance Reporting & Client Review Meetings	Quarterly	$800.00	In-person meetings at Banker's office, Manhattan, United States New York City
10	Regulatory Compliance & AML Documentation (Banker obligation)	Continuous	$400.00	NYDFS, FinCEN, and OCC reporting as required

Category	Amount (USD)
Monthly Banking & Account Management (12 months)	$14,400.00
Quarterly Wealth Management (4 sessions)	$18,000.00
Bi-Annual Tax Planning (2 sessions)	$7,600.00
Real Estate Financing Advisory (2 sessions)	$5,000.00
Estate & Succession Planning	$3,200.00
Retirement & Social Security Optimization	$2,000.00
Insurance Analysis & Review	$1,500.00
Emergency Banking Support (12 months)	$7,200.00
Quarterly Reporting & Meetings (4 sessions)	$3,200.00
Regulatory Compliance & AML (12 months)	$4,800.00
Subtotal (Annual)	$66,900.00
Applicable New York City Sales & Service Tax (8.875%)	$5,937.41
Grand Total (Annual Quotation Estimate)	$72,837.41

4.1 Payment Schedule: The total annual amount of this Quotation Estimate shall be invoiced in four equal quarterly installments of $18,209.35, due on the first business day of January, April, July, and October of the engagement year.

4.2 Payment Method: All payments shall be made via ACH transfer, certified check, or wire transfer to the Banker's designated trust account held at a federally insured institution in United States New York City. Cash payments are not accepted in accordance with New York banking regulations.

4.3 Late Payment: A late fee of 1.5% per month shall be applied to any outstanding balance exceeding fifteen (15) calendar days past the due date, in compliance with New York State General Obligations Law.

4.4 Cancellation: Either party may terminate this engagement with thirty (30) days written notice. Upon cancellation, the Banker shall prorate and refund any unearned fees within fifteen (15) business days.

4.5 Fee Adjustments: This Quotation Estimate is valid for thirty (30) days from the date of issue. The Banker reserves the right to adjust fees upon renewal to reflect changes in regulatory requirements, market conditions, or scope modifications.

The Banker identified in this Quotation Estimate is duly registered with the New York State Department of Financial Services (NYDFS) and holds active Series 7, 63, 65, and 86 licenses through the Financial Industry Regulatory Authority (FINRA). All services described herein are provided in strict adherence to the Bank Secrecy Act, the Gramm-Leach-Bliley Act, and the Consumer Financial Protection Bureau (CFPB) regulations applicable within United States New York City. The client acknowledges that this Quotation Estimate does not constitute a guarantee of investment returns and that all financial products carry inherent risk.

Important Note: This Quotation Estimate is a good-faith projection of anticipated costs. Actual charges may vary based on transaction volume, market volatility, and the specific financial instruments deployed during the engagement. The Banker will provide a detailed reconciliation statement at the conclusion of each quarter.

By signing below, the client acknowledges receipt of this Quotation Estimate, confirms understanding of all fees and terms outlined herein, and authorizes the Banker to commence services as described. This document, once executed, constitutes a binding service agreement for the twelve-month term specified.

Banker (Service Provider)

Mr. Jonathan R. Whitfield, CFA, CFP

Meridian Capital Advisory Group

200 Park Avenue, Suite 4200

New York, NY 10166

United States New York City

Signature & Date

Client (Authorized Signatory)

Harold & Patricia Ellison

148 West 87th Street

New York, NY 10024

United States New York City

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