After you've added the income and equity for a client, you can then start creating a trading plan to share with the client. Gemifi uses a proprietary algorithm to formulate the trading plan.
Creating a plan
1. When you're on a specific client's page, click the Plan button from the Clients menu to start creating a plan.
2. Select the Create A Plan button to get started and fill in the following fields:
Plan Name: Give the plan a unique name that makes it easy to identify (include the length of the plan in the name)
Years: Standard plans are in 2/4/6 year increments. The Gemifi algorithm will share all vested options by the end of this period, but continue to share future vested options afterwards as well.
Legacy Percent: This is amount of shares that will never be sold. For example, if 10% is entered then 10% of shares will never sell.
Max AMT: Enter an amount (in dollars) to prevent the client from being exposed to paying an amount of AMT they are willing to satisfy.
Max Disqualified Shares: Enter an amount (in shares) that prevents the disqualification of incentive stock options.
Max Exercise Cost: The amount of cash the client has on hand and is willing to pay to exercise shares.
Cash on Hand for Exercises & Tax: Includes the amount of Max Exercise Cost, plus the taxes that will be owed in addition.
Growth Assumption: The assumed growth on an annual basis to the company's stock price.
Begin Scheduling Date: Select a date for when shares can start to be sold (now or in the future)
Begin Exercising Date: Select a date for when the client can start exercising non-qualified or incentive stock options.
Priority company: If the client holds stocks in multiple companies, they can select which company to prioritize. Selecting the Let GEM decide option will select the most tax efficient company.
Schedule Private Sales?: Select this option if the company is private, which will allow the Gemifi algorithm to include sales of private company stock. Typically this is selected if there is an IPO in the future, or if the company is going through a secondary offering.
Gemifi fills in the fields with data as a default that puts the least amount of restrictions on a trading plan. Adjust the fields to suit your client's needs best. Once the relevant data is entered, select the Submit button at the bottom of the modal to create the plan.
3. Once submitted, the plan is not yet saved. If you are ready to save the plan, select the Freeze button on the top right. If any edits need to be made to the plan before or after freezing, select the pencil icon next to the plan name on the top left.
4. Once the plan is Frozen, select the Set Primary link under the plan name.
5. Once a plan is created and saved, you'll next need to fill in the client's Cashflow and Tax information before a trading plan is ready to be shared with a client.
Deleting a plan
1. To delete a plan from a client's page, select the trash icon in the top right of that plan.
