Important Information and Risk Warnings.

Past performance is not a guide for future performance.  The value of your investment can fall and you may not get back the amount invested. 

Different investments have varying levels and combinations.  This notice cannot disclose all the risks associated with investments and investment services.   We may also disclose further risk information during the course of service, as appropriate.

You should not investment in or deal in any financial product unless you understand its nature and the extent of your exposure and risks associated and the investment services discussed or offered by us may not be suitable for all investors.  If you have any doubts as to the merits or suitability of an investment, you should seek advice from a financial adviser.

Information within our documents and this website does not take into account the specific investment objectives or financial situation of any person.  It is not a personal recommendation and should not be regarded as a solicitation or an invitation to act on instruments mentioned.

Estimated gross yield is not a reliable indicator of future returns. Investments may not exactly replicate the relevant portfolio due to the difference in timing of initial investments or rebalancing difference resulting from minimum transaction size limits. 

Investment Time Horizons

CAM investment proposals are generally for clients with long-term investment time horizons and should not be considered if you require invested monies within 5 years as a minimum.

Forward Looking Statements

Documents may include forward-looking statements that are based upon our current opinions, expectations and projections. Investment markets and conditions and their applicability to participants in the industry can change rapidly. As such, the views and interpretations expressed in this document should not be taken as statements of fact, nor should they be relied upon when making investment decisions. 

We undertake no obligation to update or revise any forward-looking statements in reports and your actual results could differ materially from those anticipated.

Risk Profiling

For joint discretionary portfolios, or more than one individual portfolio being managed on a discretionary basis on the same Risk Profile, we will manage the Risk Profile at the overall client level. This means that holdings within the individual portfolios may differ and performance may accordingly vary, although the overall performance of the combined individual portfolios will be managed in line with the relevant overall Risk Profile.

Nature of Advice

For the purposes of the Retail Distribution Review (RDR), City Asset Management offers Restricted Advice. This means that we will advise and make a recommendation for you after we have assessed your needs, but we may only offer advice on limited types of products, or products from one company or a limited number of companies. For example, we may only recommend our own in-house investment products and services.

Currency

Changes in exchange rates may have an adverse effect on the value, price or income of foreign currency denominated securities.

Liquidity

There may be difficulty in selling an investment caused by a number of factors, including but not limited to insolvency of the investment, adverse stock market conditions, selling restrictions placed on funds by their manager.  In these circumstances, you may not be able to sell such investments in a timely manner and the value of those investments may fall significantly.

Identity Verification

We are required by law to check your identity.  In order to verify the information you provide, we may make searches with a credit reference agency or Fraud Prevention Agency, this will include information on the Electoral Roll.

Use of Logos and data

We will detail where data has been obtained when used within documents. 

FTSE International Limited (FTSE) is a trade mark of the London Stock Exchange Group companies and is used by FTSE International under license.  No further distribution of FTSE Data is permitted without FTSE's expressed consent.

The MSCI data is comprised of a custom index calculated by MSCI for, and as requested by, the Wealth Management Association. The MSCI data is for internal use only and may not be redistributed or used in connection with creating or offering any securities, financial products or indices. Neither MSCI nor any other third party involved in or related to compiling, computing or creating the MSCI data (the “MSCI parties”) makes any express or implied warranties or representations with respect to such data (or the results to be obtained by the use thereof), and the MSCI Parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability or fitness for a particular purpose with respect to such data. Without limiting any of the foregoing, in no event shall any of the MSCI Parties have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.

Tax

The levels, bases and reliefs from taxation are subject to change.

Business Property Relief is not guaranteed and remains at the discretion of HMRC on the death of the individual.  The individual could die before the two year BPR qualification period has been achieved.  It is also important to note that PBR tax regime itself could be withdrawn by the UK Government at any time.

The Financial Conduct Authority does not regulate tax advice, trusts, or offshore investments.

Real Income

The nature of the Real Income service means that the capital value of your investment will reduce, and your portfolio may be worth zero at the end of the investment period.   Sustained previous of high inflation and poor market performance could lead to portfolio erosion at a higher rate than initially projected.  To achieve the investment objectives that you have agreed with your financial adviser, your portfolio with diminish in value.  Please be aware that we cannot, in any way, guarantee the level of income that you may achieve.  There may be tax consequences of your decision to invest in Real Income.   Investments within Real Income include the following risks:  market risk, tax risk, time horizon risk, liquidity risk and credit risk.  Each of the potential risk should be explained to you by your financial adviser. 

AIM

Our AIM service should be regarded as higher risk.  The underlying equities can be illiquid and therefore it may be difficult to deal at certain times.  Investors should be aware of the additional risks associated with investing in these products.  The levels, bases and reliefs from taxation are subject to change.