Sterling Archer, $38,$ has recently inherited his family's business from his mother Mallory $(78),$ who has decided to retire. This comes with a $51\%$ stake in the company which last year generated $$25,435,000$ in Net Income which has also historically issued a $20\%$ dividend to its shareholders. But along with this windfall, comes additional costs attributed to personally financing his mother's expenses as well as his current legacy expenses that consist of the following $($all expenses were the previous years expenses$)$:

Mallory Archer $-$ $$350,000$

Lana Kane $(39),$ former partner of Sterling $-$ $$250,000$

AJ Kane Archer $(6),$ daughter of Lana and Sterling $-$ $$85,000$

Lana generates a salary $($after taxes$)$ of $$280,000$ which covers her expenses and a portion of AJ's costs. Archer's salary of $$275,000$ last year just covered his own expenses $($after taxes$).$ In addition, Sterling has a portfolio of $$1\mathrm{.}85$ million. As a graduate of portfolio management, he decides to employ you to help him with his finances.

$"$My work is very dangerous which is why I love my job...l am a bit of an extreme junkie hedonist."

"I am currently taxed at the $30\%$ on the income level and $19\%$ on capital gains and dividends."

"According to the government, inflation is expected to run at $3\mathrm{.}8\%$ for the indefinite future. Both the company's income, salaries and expenses should keep in line with the pace of inflation."

"The markets are like the casino, let the dice roll and hope it isn't craps."

$"$If I make it to my mother's age miraculously, I would hope to follow in her footsteps and retire, passing the company down to AJ$,$ and in the event of my passing, my portfolio as well."

"I am not worried about AJ's education, my mother has separately left a $529$ plan in place for her."

In reviewing Sterling's IPS statement, you are looking at the legal section. Which of the following statements should you include?

Portfolio has been developed under consideration for investor and FINRA regulations

Prudent investors profit wisely

Prudent investor rule applies

Prudently cautious about cryptocurrencies