The company only transacts business in states where it is properly registered, or excluded or exempted from registeration requirements. Past performance may not be indicative of future results. Therefore, no current or prospective clients should assume that the future performance of any specific investment, investment strategy (including the investments and/or investment strategies purchased by adviser), or product made reference to directly or indirectly on this website, or indirectly via link to any unaffiliated third party website, will be profitable or equal to corresponding indicated performance levels. Different types of investment involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for a client's investment portfolio. No client or prospective client should assume that any information presented and/or made available on the website serves as the receipt of, or a substitute for, personalized individual advice from the adviser or any other investment professional. Historical performace results for investment indexes and/or categories generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment-management fee, the incurrance of which would the the effect of decreasing historical performace results.

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