Not a Recommendation. The reports and other information accompanying these disclosures (the “Materials”) are intended to help you summarize and/or evaluate your financial objectives, review your current financial situation and illustrate the potential impact of identified financial planning ideas, strategies and/or techniques. Nothing in the Materials should be interpreted as a recommendation to implement one or more financial plans, use any particular planning technique or investment strategy, or to make any particular investment. Any asset allocation model or model portfolio shown in the Materials is provided solely for illustrative purposes, is not individualized to any particular person, and should not be interpreted as a recommendation to utilize such portfolio. The Materials do not provide investment, tax, legal or other advice, and do not account for the costs associated with obtaining such advice. You should consult with your investment, tax and/or legal advisors before implementing any financial plan, or any investment, tax or legal strategy.
Not a Guarantee. Nothing in the Materials represents an assurance or guarantee of any level of performance by any idea, strategy, technique, portfolio, investment or product identified therein. “Projections”, “probabilities” and “expected” results or returns are forward‐looking statements, based on various assumptions and variables, and are inherently uncertain. Actual results may differ materially from projected or expected outcomes, or from outcomes identified as having a high or likely probability of success. Assumptions identified in the Materials and/or utilized in generating any projections, expected results or other analyses included in the Materials may be based on historical information and/or information provided by you or your representative. Glenmede has not independently verified the accuracy or completeness of the assumptions provided by you or your representative, and has relied on such assumptions in providing the projections, analyses and other information included in the Materials. Any assumptions or projections of your current or future financial situation, or of future asset class, capital market or model portfolio returns, are provided for illustrative purposes only, and should not be relied on as predictive of future results. Any change to one or more of the assumptions relied upon in generating the information provided in the Materials, including but not limited to any assumptions regarding your assets, liabilities, investment objectives and current or anticipated expenses, could materially change the analysis provided and/or information shown.
Limitations on Information Shown in the Materials. The Materials do not reflect all financial account holdings or transactions, their costs, or proceeds received from sale transactions. It is therefore important to compare any account holdings and transactional information shown in the Materials with the account statements you receive from your custodian(s). Any indicative prices shown in the Materials are obtained from sources we consider reliable but accuracy is not guaranteed. Any investment returns included in the Materials do not reflect the deduction of any investment management or other fees, unless otherwise noted. The deduction of such fees will result in a lower rate of return. Past performance may not be indicative of future results, and actual results may differ materially from the historical returns or projected or expected returns shown in the Materials.
Monte Carlo Simulations and other Analyses. “Monte Carlo Simulations” and other modeling analyses which may be included in Materials will yield different results depending on the variables inputted, and the assumptions underlying the calculations. Assumptions may include but are not limited to the assumed rates of return and standard deviations of various assets and/or model portfolios, and such rates of return and standard deviations may be based on the historical rates of returns and standard deviations, for certain periods of time, for the benchmark indices used to represent the asset classes in the model portfolios. Since the market data used to generate these rates of return change over time, the simulation results will vary with each use over time. Monte Carlo analysis is used to implement complex statistical methods that chart the probability of hypothetical financial outcomes at certain times in the future. This charting is accomplished by generating hundreds of randomized hypothetical market scenarios that could affect the performance of a portfolio. Some of these randomized scenarios will assume very favorable market returns consistent with some of the best periods in investing history, and some scenarios will assume unfavorable market returns consistent with some of the worst periods in investing history. Most scenarios will fall somewhere in between. Outcomes presented using Monte Carlo or other simulations are only a few of the many possible outcomes.
Since past performance and market conditions may not be repeated in the future, your investment goals may not be achieved by following advice or utilizing investment strategies that are based on the projections, simulations or other analyses included in the Materials.
Importance of Reviewing Information The Materials may include and/or summarize assumptions and other information provided by you or your representative, including but not limited to summaries or interpretations of certain dispositive or other provisions in applicable trust instruments or other legal documents. Glenmede has not verified the accuracy or completeness of such information, and has not verified the validity of such documents under state or federal laws. You should consult with the source documents and/or your legal advisors to confirm your understanding and validity of such documents. You should review the assumptions and other information in the Materials periodically to assess whether they are still accurate or appropriate, particularly when your personal or financial circumstances change, and you should consult with your investment, tax and/or legal advisors before implementing any financial plan, or any investment, tax or legal strategy.