Terms & Conditions

This website is managed by Breckinridge Capital Advisors, Inc. You should read the following terms and conditions before continuing. If you do not agree to these terms and conditions, you should not use this website.

By accessing Breckinridge’s website, you agree to the following terms and conditions:

Intended Audience

This website is limited to the dissemination of general information about Breckinridge and provides an alternative method for advisers and institutional investors to learn more about us and our advisory services. The contents contained on this website are directed toward financial advisers, registered investment advisers, broker dealers, investment consultants and institutional asset owners. If you are an individual retail investor, you should contact your investment professional before making any investment decisions or using any of the content contained on this website.

The information and materials on this website are not intended for use in, or distribution to, countries other than the U.S., unless permitted by applicable law. Because the website may be accessed internationally, you agree to comply with applicable local laws, rules, and regulations including, without limitation, applicable laws, rules and regulations in effect in the country in which you reside and the country from which you access the web site.

In the U.K., this website constitute a financial promotion for the purpose of Section 21 of the Financial Services and Markets Act 2000 (“FSMA”). It is therefore only being made available to, and directed only at, persons in the U.K. who are (A) either: (i) “investment professionals” within the meaning of Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (“FPO”); or (ii) high net worth companies, unincorporated associations, etc. within the meaning of Article 49 of the FPO (broadly, companies or partnerships with net assets of £5 million sterling or more and trustees of trusts with assets of £10 million sterling or more); and (B) professional clients under the Markets in Financial Instruments Directive 2014/65/EU as it forms part of U.K. law by virtue of the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018, (together “relevant persons”). The content of the website must not be acted on or relied on by persons in the U.K. who are not relevant persons. Any investment or investment activity to which the website relates is available only to relevant persons and will be engaged in only with relevant persons. Persons of any other description in the U.K. should not act or rely on this website.

Timeliness of Content

The information and materials on this website were current as of the date published or indicated and may be superseded by subsequent market events or for other reasons. As such, information contained on this website may be dated and subject to change at any time without notice. Breckinridge attempts to provide timely information but disclaims any responsibility to update the published information.

No Investment Advice or Recommendation

The information, materials, products and services on this website are provided for informational purposes only, and are not intended to provide legal, tax or investment advice. This website is incomplete and does not include all of the information necessary to make a decision to invest with Breckinridge.

Nothing on this website should be considered a guide to the selection of securities, or the construction of a portfolio by an investor. Separate accounts may not be suitable for all investors. Any advisers or institutions who are interested in any of our investment strategies should review our registration information on the SEC’s website (www.adviserinfo.sec.gov). You can also download a copy of our Form ADV Part 2 at the end of this page.

Please contact our Consultant Relations team at cr@breckinridge.com for more information.

Limitation of Liability

In no event shall Breckinridge be liable for any damages, losses, or liabilities in connection with your use of this website or your reliance on or use or inability to use the information, materials, products, and services on this website.

Website Security

You will not take any action intended to: (i) use the content or website for any purpose that is prohibited by law or regulation or to facilitate the violation of law or regulation; (ii) probe, scan or test the vulnerability of this website or Breckinridge’s network or breach security or authentication measures without proper authorization; (iii) attempt to interfere with service to any user, host or network or otherwise attempt to disrupt our business; or (iv) violate the security of the website or attempt to gain unauthorized access to the website, data materials, information, systems or networks connected to any server associated with the website, through hacking, password mining or any other means.

Ownership and Use of Content

You may download or print out a hard copy of individual pages and/or sections of our website and any files made available for download, provided that you do not remove any logos or other proprietary notices and disclaimers. Any downloading or otherwise copying from our website will not transfer title to any software or material to you. You may not reproduce (in whole or in part), transmit (by electronic means or otherwise), modify, link into or use for any public or commercial purpose our website without our prior written permission.

Third-Party Websites & Content

We will make available hyperlinks to other websites not affiliated with Breckinridge. Further, some information contained on this website is obtained and/or derived from third party sources that are unaffiliated with Breckinridge. Use of third-party content and hyperlinks on this website to other websites is at your own risk. Breckinridge is not responsible for the content or accuracy of third-party websites linked from this website, nor does it guarantee the products or services offered on third-party web sites. There are risks to using any information, software, service or product found on the Internet. You should ensure you understand these risks and review the privacy statements of a website before you provide any personal or confidential information.

General Disclaimers

Past performance is no guarantee of future results.

All investments involve risk, including loss of principal. Risks will vary for different Breckinridge strategies; please refer to our Form ADV Part 2 for more information about the specific risks associated with each strategy. Breckinridge makes no assurances, warranties or representations that the strategies described herein will meet their investment objectives or incur any profits.

Any projections, targets, or estimates on this website are forward looking statements and are based on Breckinridge’s research, analysis, and assumptions. There can be no assurances that such projections, targets, or estimates will occur and the actual results may be materially different. Other events that were not taken into account in formulating such projections, targets, or estimates may occur and may significantly affect the returns or performance of any account managed by Breckinridge.

Breckinridge believes that the assessment of ESG risks, including those associated with climate change, can improve overall credit risk analysis. When integrating ESG analysis with traditional financial analysis, Breckinridge’s investment team will consider ESG factors but may conclude that other attributes outweigh the ESG considerations when making investment decisions.

There is no guarantee that integrating ESG analysis will improve risk-adjusted returns, lower portfolio volatility over any specific time period, or outperform the broader fixed income market or other strategies that do not utilize ESG analysis when selecting investments. The consideration of ESG factors may limit investment opportunities available to a portfolio. In addition, ESG data often lacks standardization, consistency and transparency and for certain companies such data may not be available, complete or accurate.

Breckinridge’s ESG analysis is based on third party data and Breckinridge analysts’ internal analysis. Analysts will review a variety of sources such as corporate sustainability reports, data subscriptions, and research reports to obtain available metrics for internally developed ESG frameworks. Qualitative ESG information is obtained from corporate sustainability reports, engagement discussion with corporate management teams, among others. A high sustainability rating does not mean it will be included in a portfolio, nor does it mean that a bond will provide profits or avoid losses.

Net Zero alignment and classifications are defined by Breckinridge and are subjective in nature. Although our classification methodology is informed by the Net Zero Investment Framework Implementation Guide as outlined by the Institutional Investors Group on Climate Change, it may not align with the methodology or definition used by other companies or advisors. Breckinridge is a member of the Partnership for Carbon Accounting Financials and uses the financed emissions methodology to track, monitor and allocate emissions. These differences should be considered when comparing Net Zero application and strategies.

Targets and goals for Net Zero can change over time and could differ from individual client portfolios. Breckinridge will continue to invest in companies with exposure to fossil fuels; however, we may adjust our exposure to these types of investments based on net zero alignment and classifications over time.

Form ADV

Breckinridge's Form ADV Part 2 is available for download here