Full DisclosureRevised December 2020
WealthDrive Inc (“WealthDrive”) is an SEC-registered investment adviser.
WealthDrive Inc. and its affiliates operate a website at www.WealthDrive.com and/or our mobile applications (“our website” (which includes our blog), “our app” or “WealthDrive”). WealthDrive Inc. is registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940, as amended, and is a wholly owned subsidiary of WealthDrive Corporation.
WealthDrive 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 WealthDrive (“Clients”) pursuant to a written 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. (Part 2 of WealthDrive’s Form ADV is available upon request).
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 INVOLVE 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 results 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.
WealthDrive’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 WealthDrive, 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 WealthDrive 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.
Investment Selection Disclosures
The securities employed in Client accounts are exchange-traded funds, stocks, mutual funds, or other publicly registered funds, which generally are registered investment companies under the Investment Company Act of 1940. Although WealthDrive believes its selection process identifies ETFs, Stocks, or Mutual Funds with high liquidity, low expenses, and low tracking error, WealthDrive’s selection process does not guarantee the quality of a particular ETF, Stock, or Mutual Fund or that it will 1) be profitable, 2) properly track any comparable index, 3) trade in a liquid fashion, or 4) trade at or above its publicly-posted net asset value.
WealthDrive reserves the right to change at any time the selection of ETFs, Stocks, and Mutual Funds that it recommends if, in WealthDrive’s sole discretion, any ETF, Stock, or Mutual Fund does not meet requirements for continued listing on the platform. Clients should be aware that changes in the selection of ETFs, Stocks, and or Mutual Funds employed by WealthDrive’s investment management service may result in the sale of their existing holdings and may subject them to additional tax liability.
ETFs, Stocks, and Mutual Funds are only two types of securities product, and WealthDrive generally does not make available to Clients other types of securities products that an investor may wish to consider as part of his or her overall financial plan. Other ETFs, Stocks, Mutual Funds, or investment products may provide different performance.
ETF and Mutual Fund Fee and Performance Disclosure
An ETF and Mutual Fund typically includes embedded expenses that may reduce its net asset value, and therefore directly affect its performance and indirectly affect a Client’s portfolio performance or an index benchmark comparison. These expenses may include management fees, custodian fees, and legal and accounting fees. ETF and Mutual Fund expenses may change from time to time at the sole discretion of the ETF or Mutual Fund issuer. WealthDrive discloses each ETF’s and Mutual Funds current information, including expenses, on the Site or App. ETF and Mutual Fund tracking error and expenses may vary.
Furthermore, ETF and Mutual Fund performance may not exactly match the performance of the index or market benchmark that the ETF or Mutual Fund is designed to track because 1) the ETF or Mutual Fund incurs expenses and transaction costs not incurred by any applicable index or market benchmark; 2) certain securities comprising the index or market benchmark tracked by the ETF or Mutual Fund may, from time to time, temporarily be unavailable; and 3) supply and demand in the market for either the ETF or Mutual Fund and/or for the securities held by the ETF or Mutual Fund may cause the ETF or Mutual Fund shares to trade at a premium or discount to the actual net asset value of the securities owned by the ETF or Mutual Fund.
Certain ETF or Mutual Fund strategies may from time to time include fixed income, commodities, foreign securities, American Depositary Receipts, or other securities for which expenses could be higher than otherwise charged for exchange-traded equity securities, and for which market quotations or valuation may be limited or inaccurate.
Clients should be aware that in some limited instances it may be difficult or impossible to trade the Clients’ securities. This liquidity risk may be caused by numerous factors, including but not limited to: 1) extreme market volatility, 2) a decision by exchange participants to withhold some or all of their quoted market bids, 3) exchange technical issues or exchange closure, 4) delisted or halted securities, and/or 5) a position across Client accounts that are large relative to the average daily trading volume of the security.
Performance information is presented gross of all management fees and expenses unless marked otherwise. Commissions are not considered since Clients on the WealthDrive’s platform are not charged trading commissions. For all periods the performance information includes the reinvestment of dividends and interest unless otherwise noted.
Any comparison to traditional financial advisors is based on an evaluation of average fees and returns. Actual results may be different for each investor and there can be no guarantee of enhanced returns due to additional diversification, ETF selection, Stock selection, Mutual Fund selection, or the use of WealthDrive’s investment management service.
Projected and/or hypothetical performance is intended to show only an expected range of possible investment outcomes based on historical average returns and standard deviation of each investment type contained in the investment mix recommended by WealthDrive, but does not take into consideration the effect of taxes, changing risk profiles, or future investment decisions. Projected and/or hypothetical performance does not represent actual Client accounts or actual trades and may not reflect the effect of material economic and market factors. The actual transaction costs in Client accounts may be different.
Actual investors that become Clients may experience different results from any hypothetical results shown. There is a potential for loss, as well as gain, that is not reflected in the hypothetical information portrayed. The hypothetical performance results shown do not represent the results of actual trading using client assets but were achieved by means of the retroactive application of a model designed with the benefit of hindsight. Investors should carefully review the additional information presented by WealthDrive as part of any hypothetical comparison.
ANY COMPARISONS TO INDICES ARE PROVIDED FOR ILLUSTRATIVE PURPOSES ONLY. AN INDEX IS A BROADLY DIVERSIFIED, UNMANAGED GROUP OF SECURITIES, WHICH MAY INCLUDE ONLY LARGE CAPITALIZATION COMPANIES OR COMPANIES OF A CERTAIN SIZE. BROADLY BASED INDICES MAY BE SHOWN ONLY AS AN INDICATION OF THE GENERAL PERFORMANCE OF THE FINANCIAL MARKETS DURING THE PERIODS INDICATED. BECAUSE OF THE DIFFERENCES BETWEEN THE CLIENT ALLOCATIONS AND ANY INDICES SHOWN, WEALTHDRIVE CAUTIONS INVESTORS THAT NO INDEX IS DIRECTLY COMPARABLE TO THE PERFORMANCE SHOWN SINCE EACH INDEX HAS ITS OWN UNIQUE RESULTS AND VOLATILITY, AND SUCH INDICES, IF SHOWN, SHOULD NOT BE RELIED UPON AS AN ACCURATE COMPARISON.
The return, composite and performance information shown on the Site or App uses or includes information compiled from third-party sources, including independent market quotations and index information. WealthDrive believes the third-party information comes from reliable sources, but WealthDrive does not guarantee the accuracy of the Site or App information and may receive incorrect information from third-party providers. Unless otherwise indicated, the information on the Site or App has been prepared by WealthDrive and has not been reviewed, compiled or audited by any independent third-party or public accountant.
Fee and Account Disclosures
Recommendations and fees may vary for each Client. Advisory fees are calculated in several potential ways as detailed further in WealthDrive’s Form ADV Part 2.
WealthDrive does not make any representations regarding the execution quality of orders placed with our executing broker-dealer partner. However, WealthDrive does monitor the execution quality of transactions to ensure that Clients receive the best overall trade execution pursuant to regulatory requirements.
Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.
All forms of trading carry a high level of risk so you should only speculate with money you can afford to lose. You can lose more than your initial deposit and stake. Please ensure your chosen method matches your investment objectives, familiarize yourself with the risks involved and if necessary seek independent advice.
U.S. Government Required Disclaimer – Commodity Futures Trading Commission. Trading financial instruments of any kind including options, futures and securities have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the options, futures and stock markets. Don’t trade with money you can’t afford to lose.
NFA and CTFC Required Disclaimers – Trading in the Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of experience and risk appetite. Do not invest money you cannot afford to lose.
EARNINGS DISCLAIMER: EVERY EFFORT HAS BEEN MADE TO ACCURATELY REPRESENT THIS PRODUCT AND ITS POTENTIAL. THERE IS NO GUARANTEE THAT YOU WILL EARN ANY MONEYUSING THE TECHNIQUES, IDEAS OR PRODUCTS PRESENTED ON OUR WEBSITE. EXAMPLES ON OUR WEBSITE ARE NOT TO BE INTERPRETED AS A PROMISE OR GUARANTEE OF EARNINGS.
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY.
SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAN ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
All information on this website or any product purchased from this website is for educational and research purposes only and is not intended to provide financial advice. Any statement about profits or income, expressed or implied, does not represent a guarantee. This training website is neither a solicitation nor an offer to Buy/Sell options, futures or securities. No representation is being made that any information you receive will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. Please use common sense. Get the advice of a competent financial advisor before investing your money in any financial instrument.
Your use of this educational website indicates your acceptance of these disclaimers. In addition, you agree to hold harmless the publisher and instructors personally and collectively for any losses of capital, if any, that may result from the use of the information. In other words, you must make your own decisions, be responsible for your own decisions and trade at your own risk.
Any opinions, news, research, analysis, prices, or other information contained on this website or any other material or teaching provided by WealthDrive.com and associated companies or employees is provided as general market commentary, and does not constitute investment advice or a solicitation to buy or sell any foreign exchange contract, contract for difference or securities of any type – It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general information provided here by WealthDrive.com, its employees, directors or fellow members.
Futures, options, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures, foreign exchange and options markets.