Terms & Disclosures

Advisory services offered through Eastsound Capital Advisors, LLC (“ECA”) doing business as Capital Advisors 360, Advisors 360 & Western Financial. ECA is registered as an investment adviser with the United States Securities and Exchange Commission (the “SEC”). The information herein has not been approved or verified by the SEC, or by any state securities authority. ECA provides individual client services only in states in which it is filed or where an exemption or exclusion from such filing exists. Registration with the SEC does not imply a certain level of skill or training.

The information herein is not intended as individual investment, tax or legal advice. Please consult with your personal advisor, legal or tax professionals for specific information regarding your individual situation. Neither the information nor any opinion expressed constitutes a solicitation to purchase or sell securities or any investment program.

Unless explicitly stated otherwise, charts and graphs used by this website are for educational purposes only, and are not intended to represent ECA’s actual track record. 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. It should not be assumed that portfolio references made in the future will be profitable or will equal the performance of the securities within any referenced list.

“Back-tested” or “hypothetical” performance prior to the inception date represents theoretical results calculated by applying a particular investment strategy to historic financial data to show what might have been achieved had the strategy been traded. Back-tested performance does not represent actual account performance and may not reflect the impact that material economic or market factors might have had on the manager’s decision-making process. Further, back-tested model performance may differ from actual performance because the manager has the ability to adjust the strategy at any time, for any reason until desired or better performance results are achieved. It is thus unlikely the results shown could have been achieved without the benefit of hindsight. Those results indicated as “published allocations” subsequent to inception are those hypothetical results after investment allocations had been adopted by ECA without change until subsequent rebalancing, then applying historical dividend adjusted securities prices as of the indicated date. The fact that such allocations were fixed in advance of performance calculations reduces, but does not eliminate the risks of hypothetical performances presented above because they do not represent the results of an actual trading account.

Active approach fees may be higher than the industry standard because they requiring frequent monitoring and trading, which requires significantly more time on the part of ECA as compared to traditional re-balancing approaches. According to the State of Washington, clients should be aware that “fees over 2% are above industry standards, and that the same or similar services may be obtained from other advisers at lower rates.” ECA’s maximum stated fee is 1.95% of assets, annually.

Because we don’t need to ask clients’ permission to place each trade, accounts are legally considered “discretionary”. This “term of art” should not be confused with the fact that ECA’s decision making process is often driven at least partially by quantitative approaches. That said, there may be times when other factors influence the adviser’s decision making, such as stock-market chart patterns, economic cycles, Federal Reserve policies, interest rates, analysis of international conflicts and other special events, market-wide valuation levels, and most importantly, individual client risk profiles and objectives. The weighting of these factors may change over time.

ECA’s methods may involve frequent trading; we do not provide tax advice, but there may be tax implications to short-term holdings that you should thoroughly discuss with your tax adviser. ECA’s approaches may not be suitable for all investors, and a response to your inquiry about ECA does not in itself constitute advice or imply the formation of a fiduciary relationship.

Additional important terms, conditions and disclosures may be found in ECA’s adviser agreement and registration materials.

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