User Agreement & DisclaimerThe information presented is for informational and illustrative purposes only. All investment views and market opinions/analyses expressed herein constitute judgments as of the date of this material and are subject to change at any time without notice. Do not assume that any investment experience described in this message or attachment is, was or will be profitable. Investing entails risks, including possible loss of principal. This material has been prepared by Morgan Group, LLC on the basis of publicly available information, internally developed data and other third party sources believed to be reliable. However, no assurances are provided regarding the reliability of such information. This material is not to be construed as an offer to sell or a solicitation to buy any security. By accepting this material, the recipient agrees that it will not distribute or provide this information to any other person outside of the recipient organization without authorization from Morgan Group LLC. The proforma results presented for periods prior to January 1, 2006 are provided for illustrative purposes only and do not reflect actual investment results These proforma results are from the current version (v2.0) of the investment model, and were calculated by Morgan Group, LLC, and differ from the actual results of the Pilot account in several aspects, the details of which are available on request. Since trades have not actually been executed under the stated assumptions, results may have under-or-over compensated for the impact, if any, of certain market factors and economic conditions. No representation or warranty is made as to the reasonableness of the assumptions made or that all assumptions used in achieving the proforma returns have been stated or fully considered. Past performance is no guarantee of future results. |