Full Dislosure

Revised August 31, 2020

 

General Disclosures

Recap Investing Inc (hereinafter “Recap” or “Recap Investing”) is an SEC-registered investment adviser. Recap operates at a website www.recapinvesting.com and/or our mobile applications (“our website” (which includes our log) “our app” or “Recap”). Recap Investing Inc. is registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940, as amended.

Recap Investing provides investment advisory services to clients, but does not provide personalized financial planning to investors, such as estate, tax or retirement planning. Nothing on this Site or App should be construed as a solicitation or offer, or recommendation, to buy or sell any security. Advisory services are only provided to investors who become advisory clients of Recap (hereinafter “Clients”) pursuant to a written and fully executed Advisory Client Agreement, which investors are urged to read and carefully consider in determining whether such agreement is suitable for their individual facts and circumstances (see Part 2 of Form ADV).

PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS, AND ANY EXPECTED RETURNS OR HYPOTHETICAL PROJECTIONS MAY NOT REFLECT ACTUAL FUTURE PERFORMANCE. FURTHERMORE, PAST RETURNS MAY REFLECT THE PERFORMANCE OF ASSETS FOR A FINITE TIME, OR DURING A PERIOD OF EXTREME MARKET ACTIVITY. ALL INVESTMENTS INVOLVES RISK AND MAY LOSE MONEY.

There can be no assurance that an investment mix or any projected or actual performance shown on the Site or App will lead to the expected returns shown or perform in any predictable manner. It should not be assumed that investors will experience returns in the future, if any, comparable to those shown or that any or all Clients actually experienced such returns.

Recap Investing’s investment strategies, including portfolio rebalancing and tax loss harvesting, can lead to high levels of trading. High levels of trading could result in (a) bid-ask spread expense; (b) trade executions that may occur at prices beyond the bid ask spread (if quantity demanded exceeds quantity available at the bid or ask); (c) trading that may adversely move prices, such that subsequent transactions occur at worse prices; (d) trading that may disqualify some dividends from qualified dividend treatment; (e) unfulfilled orders or portfolio drift, in the event that markets are disorderly or trading halts altogether; and (f) unforeseen trading errors.

As part of transferring your account to Recap Investing, we will apply our algorithms to sell your transferred account, seeking to minimize any potentially negative tax impact and optimizing for other factors, and invest the proceeds into a Recap portfolio. Liquidating your transferred account may cause, among other things, realized capital gains or losses in specific securities, surrender fees, and redirection of declared dividends or distributions. Also be aware selling down securities prior to transfer could subject you to the same risks.

All product names, logos, and brands are property of their respective owners. Use of these names, logos, and brands is for identification purposes only, and does not imply endorsement or affiliation.

Recap Advisers Process

Recap Adviser’s methodology is based on Modern Portfolio Theory, for which the Nobel Prize was awarded in 1990. It is considered state-of-the-art portfolio modeling, but is only one possible way to invest. Clients should be aware that Recap Investing’s process is based in part on a carefully evaluation of past price performance and volatility in order to evaluate future probabilities. Although Recap Investing seeks multiple asset classes for its Clients in order to diversity portfolios, it is possible that different or unrelated asset classes may all exhibit similar price changes in similar directions. This correlation of behavior may adversely affect a Client, and may become more acute in times of market upheaval or high volatility.