Build Whale, Inc. ("Whale") offers discretionary investment advisory services to clients over the internet via the Whale Application. The Client relationships are established through a written Investment Advisory Agreement executed by both Whale and the Client. Traditional Investment Brokerage Services & Custody are provided to clients of Whale by Alpaca Securities LLC ("Alpaca"), a member of FINRA/SIPC. Please see Alpaca's use and Risk Disclosures for details: UseAndRisk.pdf (alpaca.markets)
Whale does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Whale's web site or incorporated herein, and takes no responsibility thereof. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.
Before investing, consider your investment objectives and Whale's fees and expenses. Whale's internet-based advisory services are designed to assist clients in achieving discrete financial goals. They are not intended to provide comprehensive tax advice or financial planning with respect to every aspect of a client's financial situation and do not incorporate specific investments that clients hold elsewhere. For more details, see Whale's Form CRS and Form ADV, Part 2A
Whale does not provide personalized financial planning, such as estate, tax, or retirement planning. Nothing on the website or the App should be construed as a solicitation or offer, or recommendation, to buy or sell any security.
Whale is neither an attorney nor an accountant, and no portion of the web site content should be interpreted as legal, accounting or tax advice. All investments involve risk and unless otherwise stated, are not guaranteed. Be sure to consult with a tax professional before implementing any investment strategy.
The securities employed in Client accounts include exchange-traded funds ("ETFs"), which are registered investment companies under the Investment Company Act of 1940.
An investment in ETF involves risk, including the loss of principal. ETF shareholders are necessarily subject to the risks stemming from the individual issuers of the fund's underlying portfolio securities. Such shareholders are also liable for taxes on any fund-level capital gains, as ETs are required by law to distribute capital gains in the event, they sell securities for a profit that cannot be offset by a corresponding loss.
Whale's selection process does not guarantee the quality of a particular ETF 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.
Whale reserves the right to change at any time the selection of ETFs that it recommends if, in Whale's sole discretion, any ETF does not meet requirements for continued listing on the platform. Clients should be aware that changes in the selection of ETFs employed by Whale may result in the sale of their existing holdings and may subject them to additional tax liability.
An ETF 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 embedded expenses may include management fees, custodian fees, and legal and accounting fees. ETF expenses may change from time to time at the sole discretion of the ETF issuer.
Furthermore, ETF performance may not exactly match the performance of the index or market benchmark that the ETF is designed to track because 1) the ETF 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 may, from time to time, temporarily be unavailable; and 3) supply and demand in the market for either the ETF and/or for the securities held by the ETF may cause the ETF shares to trade at a premium or discount to the actual net asset value of the securities owned by the ETF.
Certain ETF 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.
All investments involve risk and unless otherwise stated, are not guaranteed. Be sure to consult with a tax professional before implementing any investment strategy.