Disclaimer

Abstract

This statement sets out what the material on Empirical Finance can and cannot support. Its purpose is to keep the conclusions a reader draws within what the site actually says.

Highlights

Education without personalization.
No advisory relationship is formed.
Advisors disclose for themselves.

1 Assumptions and limits

Read before any figure is used in a decision.

1.1 Assumptions

Articles and calculators assume general circumstances that may not match any individual. They are education and are not personalized investment, tax, legal or insurance advice. Assumptions stated on a calculator page should be checked against the reader's own situation before a figure is used.

1.2 Limitations

Past performance is not a predictor of future results, and no figure here is a guarantee. Reading a page, using a calculator or sending a request creates no advisory, brokerage or fiduciary relationship.

1.3 Independence of advisors

The site's advisors work independently of it. Before any engagement each supplies its own Form ADV and Form CRS, which the reader should review and keep a copy of.

1.4 External material

The site displays advertising and may link to other sites. That content is outside the site's control, and the presence of an advertisement or a link is not an endorsement.

1.5 Recommended practice

A reader facing a specific decision should consult a licensed professional who has the full facts, not rely on a general page. This statement supplements the terms of use and does not replace an advisor's own disclosures.