Disclaimer
All right, title and interest in and to the information portrayed herein (“Information”) is the sole and exclusive property of Cresset Capital Management, LLC and its affiliates (collectively, “Cresset”).
The Information is not intended to provide professional, investment, legal or tax advice and should not be relied upon in that regard. The Information is for general information only and not provided with regard to your specific investment objectives, financial situation, tax exposure or particular needs. The Information is not a recommendation of, or solicitation for, the subscription, purchase or sale of any security, including the fund(s) and/or investment products mentioned herein. Nothing contained herein should be used as the basis for making any specific investment, business or commercial decision. You should read the final prospectus, offering memorandum, partnership agreement and/or other supplemental and controlling documents before making an investment decision regarding any particular security carefully before investing in any security.
Investments, including interests in real estate and private equity funds, are subject to investment, tax, regulatory, market, macro-economic and other risks, including loss of the principal amount invested. Investments denominated in a foreign currency are subject to factors including but not limited to changes in exchange rates that may have an adverse effect on the value of the investment. Past performance as well as any projection or forecast used or discussed herein are not indicative of future or likely performance of any investment product. Statements may be forward looking and are not intended as specific investment advice or guarantees of future performance. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such statements.
The Information is subject to change and may be modified, deleted or replaced at any time in Cresset’s sole discretion. In particular, Cresset assumes no responsibility for, nor make any representations, endorsements, or warranties whatsoever in relation to the timeliness, accuracy and completeness of the Information. While care has been taken in preparing the Information, such Information is provided to you “as is” and “as available” without warranty of any kind either express or implied. In particular, no warranty regarding suitability, accuracy, or fitness for a particular purpose is given in conjunction with such Information. Cresset shall not be liable for any loss, damage, costs, charges and/or expenses incurred as a result of or in connection with this Information or any reliance on the Information.
The provision of any services or products provided by Cresset and/or its affiliates shall be expressly subject to the particular terms and conditions as contained in a separate written agreement with Cresset and/or its affiliate as applicable. Cresset will not provide any individualized advice or consulting unless agreed to by a separate written agreement. Investment advice and family office services are provided through Cresset Asset Management, LLC, an affiliate of Cresset. Cresset Asset Management, LLC is an SEC registered investment adviser.
INSTREAM
InStream makes no warranties, expressed or implied, as to accuracy, completeness, or results obtained from any information on this presentation. Historical returns are a simplifying assumption used to model investment returns. It uses returns from the past to model returns going forward. However, in the real investment world, returns vary widely and therefore the past returns are not necessarily indicative of future returns. Therefore, one should not think that the historical returns used in this plan will necessarily be accurate going forward.
The underlying historical index return series data is provided by Thomson Reuters and is believed to be accurate; however, we cannot guarantee accuracy of this data. The performance and analysis figures contained in this report are hypothetical and are for informational purposes only. This report is considered supplemental sales literature, and is not a prospectus or Statement of Additional Information. The information contained in this report is not deemed complete and may be changed. inStream Solutions, LLC is not an Investment Company and does not sell any securities. Securities may not be sold until the registration statement filed with the Securities and Exchange Commission is effective. This report does not constitute an offer to sell any securities, and is not a solicitation of an offer to buy a security in any state where the offer or sale is not permitted.
The actual results of a specific investment product may differ from the returns illustrated in this report. Past returns are not an indication of future performance. Past performance is no guarantee of future performance. It is not possible to invest directly in an index. The investment return and principal value of an investment will fluctuate, and shares owned by the investor, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted in this report. No investor has achieved the exact performance results presented. Results illustrated in this report may vary with each use of inStream, and with time. Please contact your financial services professional to obtain actual investment performance data, or visit the Investment Company’s website.
Unlike actual performance, the modeled results may not accurately reflect the effect of certain material economic or market factors. Actual results may be higher or lower due to the impact of these factors. Actual trading practices are not reflected in these results, thus it is unknown what effects these factors may have had on the investment advisor representative’s decision making if it were actually managing client funds during the time period highlighted in this report. No representation is being made that any fund or account will or is likely to achieve profits or losses similar to those shown herein. In fact, there are often sharp differences between hypothetical performance results and the actual results subsequently realized by a client’s portfolio.
The underlying holdings of the portfolio are not federally or FDIC-insured and are not deposits or obligations of, or guaranteed by, any financial institution. Investing in securities involves investment risks including possible loss of principal and fluctuation in value. An investment in a Money Market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although a Money Market seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.
Any investment involves significant considerations and risks that are described in each investment product’s prospectus. Each potential investor should obtain and read the prospectus from the investment company, and should carefully consider the risk warnings and disclosures before making an investment decision.
IMPORTANT: The projections or other information generated by inStream regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results.
inStream Solutions, LLC is not a FINRA-member firm.
Separate Account Manager Data
© 2014 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
Information provided by the User
Information provided by the user for your assets, liabilities, goals, accounts, and other assumptions are key inputs for the calculators and plans used at inStream. The information provided by the user should be reviewed periodically and updated whenever there is a change in information or circumstances. All of the information provided by the user is not a substitute for the information within official account statements provided to you by your account custodians
GENERAL LIMITATIONS AND ASSUMPTIONS
Any projection or information generated by inStream regarding the possibility of any financial outcome, is hypothetical, does not reflect actual investment results, and does not guarantee future results. Investors should consider the objectives, risks, and charges and expenses of an investment company carefully before investing. Before making an investment, potential investors should obtain an investment product prospectus, if available, from the investment company. Prospectuses may also be sought through the U.S. Securities and Exchange Commission’s Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The prospectus contains significant information that should be read carefully.
The information in this report is from the most recent information available to inStream Solutions, LLC and Morningstar, Inc., as of the release date, and may or may not be an accurate reflection of the current composition of the securities included in the portfolio. There is no assurance that the weightings and composition will remain the same. Results produced by previous simulations are subject to change due to market condition changes since date of first use. Performance for Closed-End Funds and Exchange Traded Funds are calculated based on the fund’s end of day market prices. This report must be preceded or accompanied by any included investment’s current prospectus or equivalent. In all cases, this disclosure statement should accompany this report, portfolio comparison, portfolio analysis, and/or Investment report(s).
The hypothetical results generated by inStream may vary over time and with each use. Additionally, your actual results will vary from the results presented to you in a reports.
In creating model portfolios, either historical index returns or security performance data may be used.
USING INDEX RETURNS
When using historical index returns, inStream uses blended index returns as a proxy for each asset class. Annual average returns and annual standard deviation per asset class are calculated from the inception date of each asset class’s respective index proxy. A matrix that illustrates the indexes used for each asset class is included in Appendix A. Some asset classes exhibit more volatility than others, which can lead to higher standard deviations. Higher standard deviations may result in greater fluctuation of the value of an investment.