Disclosures

General

The views expressed on this Website are the views of Transparency, LLC as of the date shown, and are subject to change without notice based on market and other conditions.  Transparency, LLC has no obligation to provide recipients hereof with updates or changes to such data.  This presentation does not constitute accounting, legal, or tax advice.

Proprietary Information

The Transparency 100 Index (the “Index”) is the exclusive property of Transparency, LLC.  Transparency® is a registered trademark of Transparency, LLC (“Transparency”). “Transparency Changes Everything” is a trademark of Transparency, LLC. Other featured words or symbols used to identify the source of goods and services may be the trademarks of their respective owners.   No person or entity should refer to any of the trademarks without the prior written consent of Transparency, LLC. [The non-exclusive right to use the Index for any products is available only through a licensing agreement with Transparency, LLC.  Transparency, LLC disclaims any responsibility for any unauthorised use of the Index by any third party.]

Not an Offer or Advice

This material does not constitute an offer to buy or sell securities, and does not constitute investment advice with respect to any securities.  Investors may not invest directly in the Index.  Transparency, LLC makes no representation or recommendation regarding the eligibility or suitability of any products linked to the Index for investment.  Investors in such products should make their own determination of whether such products or the Index meets any applicable eligibility criteria and is appropriate for their investment needs and objectives.

Back-Tested Performance

The Transparency 100 Index (the “Index”) commenced on June 16th, 2021 following the market close.   All information presented prior to this date is back-tested. Back-tested performance is hypothetical performance, not actual performance.  Back-tested performance is prepared by retrospectively applying the Index methodology to historical information with the benefit of hindsight.  Back-tested performance, therefore, does not reflect the results of actual trading.  Back-tested, as well as actual performance, are not indicative of future results.  The back-tested performance uses the same methodology that was in effect when the Index officially launched on June 16th, 2021. The back-tested performance shown in this presentation are unaudited, and do not reflect the investment of dividends or other earnings. The Index does not reflect the reinvestment of dividends.

Index Calculation

Transparency, LLC has contracted with Solactive AG (“Solactive”) to maintain the Index rules and methodology, calculate the Index, and disseminate information about the Index[, including the performance shown herein].  Solactive does not manage actual assets. The Index is unmanaged, which means that the companies included in the Index are selected automatically according to a proprietary algorithm of Transparency, LLC that serves as the basis of the Index methodology. The Index is equal-weighted, which means that the 100 companies included in the Index each represents approximately 1% of the Index.  Solactive rebalances the Index every 3 months/quarterly using the Index methodology explained herein.  The Index and the performance shown herein to do not reflect the payment of any sales charges or fees that an investor may pay to purchase the securities underlying the Index or the securities of any investment funds that seek to track the performance of the Index. The imposition of such fees and charges would cause actual and back-tested performance of the securities/fund to be lower than the Index performance shown. Additional details regarding the calculation of the Index are available by contacting Solactive AG.

Confidentiality

No part of this material copied, reproduced, or disseminated in any form by any means without the prior written consent of Transparency, LLC.

Rankings and Awards:

Third party rankings and recognition are based on information solely prepared and/or submitted by the adviser. Ratings should not be construed as an endorsement of the adviser by any client, nor are they a representation of any one client’s experience with the adviser. Working with a highly rated adviser does not ensure that a client will experience a higher level of performance or future success nor does it indicate that an advisor has attained a particular level of skill or ability. Rankings are provided for informational purposes only and should not be used as the sole basis for engaging PagnatoKarp for advisory services. Please refer to the more thorough disclosure and additional information about the criteria used in making these rankings via the website of the publication and/or organization granting such recognition.

Barron’s: Top 100 Financial Advisors and Top 100 Independent Financial Advisors are based on the value of assets under management by the advisor and their teams, revenue generated for the advisor’s firms and the quality of advisors’ practices. The scoring system assigns a top score of 100 and rates the rest by comparing them with the top-ranked advisor. According to Barron’s, “The formula [used] to rank advisors has three major components: assets managed, revenue produced and quality of the advisor’s practice. Investment returns are not a component of the rankings because an advisor’s returns are dictated largely by each client’s risk tolerance. The quality-of-practice component includes an evaluation of each advisor’s regulatory record.” The rankings are based on the universe of applications submitted to Barron’s. The selection process begins with a nomination and application provided to Barron’s. PagnatoKarp self-nominated the advisors and submitted quantitative and qualitative information to Barron’s as requested. Barron’s reviewed and considered this information, which resulted in the rankings.

Barron’s: Top 1,200 Financial Advisors: State-By-State – The rankings are based on data provided by over 4,000 of the nation’s most productive advisors. Factors included in the rankings: assets under management, revenue produced for the firm, regulatory record, quality of practice and philanthropic work. Investment performance isn’t an explicit component because not all advisors have audited results and because performance figures often are influenced more by clients’ risk tolerance than by an advisor’s investment-picking abilities. A ranking of “N” denotes “not ranked that year”.

Forbes Best-In-State Wealth Advisors, developed by SHOOK Research, is based on an algorithm of qualitative criteria, mostly gained through telephone and in-person due diligence interviews, and quantitative data. Those advisors that are considered have a minimum of seven years experience, and the algorithm weights factors like revenue trends,  assets under management, compliance records, industry experience and those that encompass best practices in their practices and approach to working with clients. Portfolio performance is not a criteria due to varying  client objectives and lack  of audited data. Neither Forbes or SHOOK receive a fee in exchange for rankings.

Forbes: Top Wealth Advisors,  developed by Shook Research, is based on overall quality of practice and an algorithm of qualitative and quantitative data received in nominations from over 11,000 professionals in the financial services industry, including banks, brokerages, custodians, insurance companies, clearing houses and registered investment advisers. Criteria includes client retention, industry experience, review of compliance records, firm nominations; as well as assets under management and revenue generated for their firms. Advisors must have a minimum of seven years of experience to be considered.