TERMS & CONDITIONS OF USAGE

The tools – “My Inbox”/”My ETF Portfolio Analyzer”/“My Apps”/”Innovation Lab & Library”/”Discussion Board” – and software (hereafter “Portfolio Analysis software”) is licensed by Toroso Investments, LLC (“Toroso”) from AltaVista Research, LLC (“AltaVista”). The information, data and/or results generated by or obtained from the Portfolio Analysis software is not an offer to sell, a solicitation of an offer to buy, or a recommendation of any security.

Access to the Portfolio Analysis software is granted at the discretion of Toroso. By your acceptance of these Terms and Conditions of Use and your continued use of the Portfolio Analysis software, you are consenting to attending two meetings per month when requested by Toroso with participant firms in the ETF Innovation Lab. If you decline these meeting requests or are not able to attend, Toroso reserves the right to invalidate your User ID and Password and deny access to the Portfolio Analysis software.

Access to the Portfolio Analysis software is made available on an "as-is" and "as available" basis, without warranty of any kind, express or implied, and is intended for informational and educational purposes only and is not intended to provide legal, tax, accounting or investment advice. It should not be assumed that any securities or financial instruments identified and/or mentioned by the Portfolio Analysis software were or will prove to be profitable. Furthermore, any investment comparisons are for illustrative purposes only and are not meant to be all-inclusive.

Toroso does not warrant that the Portfolio Analysis software will meet your needs, be error-free or be corrected promptly if an error exists. It is Toroso's belief that AltaVista is a reliable software provider and source of information, however, Toroso has not verified the accuracy of the source data utilized by AltaVista and does not make any representations or warranties about the accuracy, reliability, completeness, or timeliness of the Portfolio Analysis software. Information, data and/or results from the Portfolio Analysis software are published as of their stated date or, if no date is stated, the date the Portfolio Analysis software was last updated, and are subject to change.

Securities or financial instruments that are identified and/or mentioned by the Portfolio Analysis software may not be suitable for all investors. Furthermore, Toroso and/or its affiliates, including their clients, may have positions in and/or serve as the investment adviser or underwriter to, securities or financial instruments that are identified and/or mentioned by the Portfolio Analysis software.

Conclusions and/or decisions based on information, data and/or results generated by or obtained from the Portfolio Analysis software are your sole responsibility, and in exchange for using the software, you agree to hold Toroso, its directors, officers and employees harmless against any claims for damages arising from any decision that is based on such information, data and/or results.

Articles, opinions, and/or commentary written by Toroso, ETF Innovation Lab participants, ETF Think Tank participants and/or advisory personnel (hereafter “Contributors”) and made available in the Innovation Lab & Library and Discussion Board are for informational and educational purposes only; are not intended to constitute legal, tax, accounting or investment advice; and do not constitute an offer to sell or a solicitation of an offer to buy any security or service. Securities discussed are presented for illustration purposes only and are generally selected because they are relevant examples of the respective points being made. Contributors and/or their supervised persons and/or clients may have a beneficial interest in any security discussed and thus a conflict of interest may exist when Contributors write articles, opinions, and/or commentary that is published and made available on this website. It should not be assumed that any securities discussed in articles, opinions, and/or commentary written by Contributors were or will prove to be profitable or that their supervised persons and/or clients achieved any results that are discussed. Furthermore, Contributors and/or their related persons may take actions for their own accounts and/or the accounts of clients that are not in conformity with and may be contrary to information conveyed in articles, opinions, and/or commentary written by Contributors. Investments or strategies discussed may not be suitable for all investors and should not be considered a recommendation to purchase or sell any particular security. Investors should make their own investment decisions based on their specific investment objectives and financial circumstances and are encouraged to seek professional advice before making any decisions. While Contributors have gathered the information presented from sources that they believe to be reliable, Contributors cannot guarantee the accuracy or completeness of the information presented and the information presented should not be relied upon as such. Any opinions expressed are the opinions of Contributors and do not reflect the opinions of Toroso or any affiliates or related persons. All opinions are current only as of the date of initial publication and are subject to change without notice. All investment strategies and investments involve risk of loss, including the possible loss of all amounts invested.

These terms and conditions supplement the general Terms and Conditions of Use of Toroso’s website, which are available at www.torosoinv.com/terms-conditions/, and your use of the Portfolio Analysis software constitutes your understanding and acceptance of these terms and conditions and the general Terms and Conditions of Use of Toroso's websites.