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.
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Form CRS as of 7/27/2020
Custody and Data Provided By:
Jazz Wealth Managers, Inc. (CRD #282807 / SEC# 801-113840) is registered as an SEC registered investment advisory firm. 
 
Past performance is not a guarantee of future results.  Any historical returns, expected returns, or probability projections may not reflect actual future performance.  The material contained herein has been prepared from sources and data we believe to be reliable but we make no guarantee as to its accuracy or completeness.  The material is published solely for informational purposes and is not an offer to buy or sell or solicitation of an offer to buy or sell any security or investment product.  This material is not to be construed as providing investment services in any jurisdiction where such offers or solicitation would be illegal. 
 
You should be aware that investments can fluctuate in price, value and/or income, and you may get back less than you invested.  Investments or investment services mentioned may not be suitable for you, and if you have any doubts, you should seek advice from your investment advisor representative.

Folio Investments, Inc. is a member of the Securities Investor Protection Corporation (SIPC). A brochure explaining the coverage provided by SIPC is available on SIPC’s website at www.sipc.org. In addition to SIPC coverage, it has purchased supplemental customer securities insurance. Neither SIPC nor the supplemental insurance coverage protect against losses resulting from a decline in the market value of securities.

​Brokerage, custody and clearing services are offered by Folio Investments, Inc., a registered broker-dealer and member FINRA/SIPC. Folio Investments, Inc. is an affiliate of Goldman Sachs & Co. LLC and a subsidiary of The Goldman Sachs Group, Inc., a worldwide, full-service investment banking, broker-dealer, asset management and financial services organization. The Goldman Sachs Group, Inc. and its subsidiaries and employees are engaged in businesses and have interests other than the services provided by Folio Investments, Inc.

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