Why is my performance different than what is on the site?

Actual customer performance may vary from the portfolio performance shown on the site for a variety of reasons. The most common reasons are listed below:

1. Differences in trade price. Unfunded portfolios are hypothetically rebalanced using closing (or 15 minute delayed) prices that customers are unable to match, so performance will differ over time. The more frequent an unfunded portfolio is rebalanced the faster customer performance will deviate from the reported portfolio performance. 
2. Delayed updates. Customers, or their advisor may not update their portfolio the same day or at the same time the portfolio is rebalanced, or advisors may not update their portfolio at all. Both are reasons for client performance to differ from reported performance.
3. Portfolio customization. Customers may choose to customize their portfolios by adding or removing securities or changing the weights for the securities from the weights used by the portfolio. If there is a difference in holdings between the portfolio and the customer portfolio then performance will differ.
4. Portfolio purchase date. The customer must hold the portfolio for at least the same time period as the reported performance period shown on the site. For example, if a customer is placed into a portfolio in the middle of the month then their performance will not match the reported One Month performance for that portfolio.
5. Corporate actions. Customers may choose to participate in certain voluntary corporate actions (such as a Rights Issue) that will result in different holdings than those in the portfolio. In addition, the client and portfolio holdings may be entitled to different corporate actions depending on the purchase date.
6. Dividend reinvestment. Customers may choose not to reinvest dividends for many reasons including not having a large enough balance in the portfolio to warrant a dividend reinvestment.

Remember that past performance of a funded or unfunded portfolio is not an indication of future performance. Like all investing, investing involves risk, including the risk that you may suffer the loss of your investment. We present this performance for informational purposes only. This document should not be regarded as an offer to sell or as a solicitation of an offer to buy a portfolio from jazzWealth.