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 investment professionals 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 constitutes 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 financial 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 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.

Certain third parties require us to include the following language when using their information:

BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). Bloomberg or Bloomberg’s licensors, own all proprietary rights in the Bloomberg Indices. Bloomberg does not approve or endorse this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results to be obtained therefrom and, to the maximum extent allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.

Copyright ©2023 Sustainalytics. All rights reserved.

This material contains information developed by Sustainalytics. Such information and data are proprietary of Sustainalytics and/or its third‐party suppliers (Third‐Party Data) and are provided for informational purposes only. They do not constitute an endorsement of any product or project, nor an investment advice and are not warranted to be complete, timely, accurate or suitable for a particular purpose. Their use is subject to conditions available at https://www.sustainalytics.com/legaldisclaimers.

Solactive AG ("Solactive") is the licensor of [name of index] (the "Index"). The financial instruments that are based on the Index are not sponsored, endorsed, promoted or sold by Solactive in any way and Solactive makes no express or implied representation, guarantee or assurance with regard to: (a) the advisability in investing in the financial instruments; (b) the quality, accuracy and/or completeness of the Index; and/or (c) the results obtained or to be obtained by any person or entity from the use of the Index. Solactive reserves the right to change the methods of calculation or publication with respect to the Index. Solactive shall not be liable for any damages suffered or incurred as a result of the use (or inability to use) of the Index.

The S&P500 Index (“Index”) and associated data is a product of S&P Dow Jones Indices LLC, its affiliates and/or their licensors and has been licensed for use by Breckinridge. © 2023 S&P Dow Jones Indices LLC, its affiliates and/or their licensors. All rights reserved. Redistribution or reproduction in whole or in part are prohibited without written permission of S&P Dow Jones Indices LLC. For more information on any of S&P Dow Jones Indices LLC’s indices please visit www.spdji.com. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“SPFS”) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). Neither S&P Dow Jones Indices LLC, SPFS, Dow Jones, their affiliates nor their licensors (“S&P DJI”) make any representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent and S&P DJI shall have no liability for any errors, omissions, or interruptions of any index or the data included therein.

General Disclaimers

There is no assurance that any estimate, target, projection or forward-looking statement (collectively, “estimates”) included in this material will be accurate or prove to be profitable; actual results may differ substantially. Breckinridge estimates are based on Breckinridge’s research, analysis and assumptions. Other events that were not considered in formulating such projections could occur and may significantly affect the outcome, returns or performance.

Security or issuers may have been included for illustrative purposes. They are not intended to represent current, past or future holdings in client accounts.

Past performance is not a guarantee of future results. Breckinridge makes no assurances, warranties or representations that any strategies described herein will meet their investment objectives or incur any profits. Any index results shown are for illustrative purposes and do not represent the performance of any specific investment. Indices are unmanaged and investors cannot directly invest in them. They do not reflect any management, custody, transaction or other expenses, and generally assume reinvestment of dividends, income and capital gains. Performance of indices may be more or less volatile than any investment strategy.

Performance results for Breckinridge’s investment strategies include the reinvestment of interest and any other earnings, but do not reflect any brokerage or trading costs a client would have paid. Results may not reflect the impact that any material market or economic factors would have had on the accounts during the time period. Due to differences in client restrictions, objectives, cash flows, and other such factors, individual client account performance may differ substantially from the performance presented.

General Investment Risks

The risks mentioned in this section are not intended to be comprehensive. Each specific investment strategy will have its own set of specific risks; please contact our consultant relations team (cr@breckinridge.com) or refer to our Form ADV Part 2 for more information about the specific risks associated with each strategy.

All investments involve risk, including loss of principal. Diversification cannot assure a profit or protect against loss. Fixed income investments have varying degrees of credit risk, interest rate risk, default risk, and prepayment and extension risk. In general, bond prices rise when interest rates fall and vice versa. This effect is usually more pronounced for longer-term securities.

Equity investments are volatile and can decline significantly in response to investor reception of the issuer, market, economic, industry, political, regulatory or other conditions. 

Breckinridge believes that the assessment of ESG risks, including those associated with climate change, can improve overall risk analysis. 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 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.

Net Zero alignment and classifications are defined by Breckinridge and are subjective in nature. This means, they may not align with the methodology or definition used by other companies or advisors. 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.

The effectiveness of any tax management strategy is largely dependent on each client’s entire tax and investment profile, including investments made outside of Breckinridge’s advisory services. As such, there is a risk that the strategy used to reduce the tax liability of the client is not the most effective for every client. Breckinridge is not a tax advisor and does not provide personal tax advice. Investors should consult with their tax professionals regarding tax strategies and associated consequences.

Federal and local tax laws can change at any time. These changes can impact tax consequences for investors, who should consult with a tax professional before making any decisions.