Disclosures

Important Disclosure Information

Concord Asset Management (“CAM”) is an SEC-registered investment adviser located in the Commonwealth of Virginia. A copy of the CAM’s current written Disclosure Brochure discussing our advisory services and fees continues to remain available upon request and/or on this website at www.ConcordAssetMgmt.com.

CAM may only transact business in those states in which it is registered or qualifies for an exemption or exclusion from registration requirements. CAM’s website is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of CAM’s website on the Internet should not be construed by any consumer and/or prospective client as CAM’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Any subsequent, direct communication by CAM with a prospective client shall be conducted by a representative who is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. A copy of CAM’s current written disclosure Brochure discussing CAM’s business operations, services, and fees is available from CAM upon written request. CAM does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to the CAM website or incorporated herein, and takes no responsibility therefore. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

Please remember that different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment or investment strategy (including those undertaken or recommended by CAM), will be profitable or equal to any historical performance level(s).

Certain portions of CAM’s website (i.e. newsletters, articles, commentaries, etc.) may contain a discussion of, and/or provide access to, CAM’s (and those of other investment and non-investment professionals) positions and/or recommendations as of a specific prior date. Due to various factors, including changing market conditions, such discussion may no longer be reflective of current position(s) and/or recommendation(s). Moreover, no client or prospective client should assume that any such discussion serves as the receipt of, or a substitute for, personalized advice from CAM, or from any other investment professional. CAM is neither an attorney nor an accountant, and no portion of the website content should be interpreted as legal, accounting, or tax advice.

PLEASE NOTE: Limitations: Neither rankings and/or recognition by unaffiliated rating services, publications, media, or other organizations, nor the achievement of any professional designation, certification, degree, or license, membership in any professional organization, or any amount of prior experience or success, should be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if CAM is engaged, or continues to be engaged, to provide investment advisory services. Rankings published by magazines, and others, generally base their selections exclusively on information prepared and/or submitted by the recognized adviser. Rankings are generally limited to participating advisers (see participation criteria/methodology). Unless expressly indicated to the contrary, CAM did not pay a fee to be included in any such ranking. No ranking or recognition should be construed as a current or past endorsement of CAM by any of its clients. Any Questions: The CAM’s Chief Compliance Officer remains available to address any questions regarding rankings and/or recognitions, including the criteria used for any reflected ranking.

To the extent that any client or prospective client utilizes any economic calculator or similar interactive device contained within or linked to CAM’s website, the client and/or prospective client acknowledges and understands that the information resulting from the use of any such calculator/device, is not, and should not be construed, in any manner whatsoever, as the receipt of, or a substitute for, personalized individual advice from CAM, or from any other investment professional.

Risk Disclosures

Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that the future performance of any specific investment or investment strategy will be profitable.

Asset allocation may be used in an effort to manage risk and enhance returns. It does not, however, guarantee a profit or protect against loss. The performance of the asset allocation strategies depends on the underlying investments.

This website is intended to provide general information about CAM and its services. It is not intended to offer or deliver investment advice in any way. Information regarding investment services are provided solely to gain an understanding of our investment philosophy, our strategies, and to be able to contact us for further information.

Market data, articles, and other content on this website are based on generally available information and are believed to be reliable. CAM does not guarantee the accuracy of the information contained on this website. The information is of a general nature and should not be construed as investment advice.

Please remember that it remains your responsibility to advise CAM, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing, evaluating, and/or revising our previous recommendations and/or services, if you would like to impose, add, or modify any reasonable restrictions to our investment advisory services.

CAM will provide all prospective clients with a copy of our current Form ADV Part 2A (“Disclosure Brochure”), Form ADV Part 2B, which is the Brochure Supplement for each advisory person supporting a particular client, and Form ADV Part 3 (Client Relationship Summary or “Form CRS”). You may obtain a copy of these disclosures on the SEC website at http://adviserinfo.sec.gov or Contact Us to request a free copy via PDF or hardcopy.

Privacy Disclosures

CAM is committed to safeguarding the use of personal information of our Clients (also referred to as “you” and “your”) that we obtain as your Investment Advisor, as described in our Privacy Policy.

CAM does not collect personal non-public information through this website; however, the Advisor may collect information from you on application forms, agreements, profile or investment policy statements, and other documents received or processed in relation to services we provide. We also may collect information from other sources.

We do not respond to “do not track” requests because we do not track you over time or across third-party websites to provide targeted advertising. We may track you across our website to help us improve our content.

We may use “cookies” and similar online technologies to keep, and sometimes track, information about you regarding your usage of our website. Cookies are small data files that are sent to your browser or related software from a Web server and stored on your device. Cookies help us to collect information about your usage of our website, including date and time of visits, pages viewed, amount of time spent on our sites, or general information about the device used to access the site, such as the browser used. You can refuse to store or delete cookies by configuring your web browser settings. Most browsers and mobile devices have their own settings to manage cookies. If you refuse a cookie when on our website, or if you delete cookies, you may experience some inconvenience in your use of our website, such as having to re-configure preferences.

When you are on this website you may have the opportunity to click through to other websites, including websites operated by unaffiliated third parties. These sites may collect nonpublic personal Information about you. We do not control sites operated by these entities and are not responsible for the information practices of these sites. This Privacy Policy does not address the information practices of other websites. The privacy policies of websites operated by third parties are located on those sites.

Terms of Use

Please read these terms and conditions of use (“Terms”) carefully before using the website located at www.concordassetmgmt.com (“Website”) or any of the information or services provided by Concord Asset Management, LLC (collectively “CAM, “we”, “our”, “us”) in connection with the Website. By using the Website, you acknowledge that you have read and understood these Terms and accept to be legally bound by them. If you do not accept and agree to these Terms, you are not an authorized user of the Website or any of the information or services provided by CAM in connection with the Website and should promptly terminate all use thereof. The terms “you” and “your” mean you and any entity you may represent in connection with the use of the Website. You may use your browser to download or print a copy of these Terms for your records.

CAM reserves the right to change, modify, add or remove portions of these Terms at any time for any reason. We suggest that you review these Terms periodically for changes. Such changes shall be effective immediately upon posting. You acknowledge that by accessing our Website after we have posted changes to these Terms, you are agreeing to these Terms as modified.

These Terms were last updated on December 24, 2020.

Email Disclosures

CAM often communicates with its clients and prospective clients through electronic mail (“email”) and other electronic means. Your privacy and security are very important to us. CAM makes every effort to ensure that email communications do not contain sensitive information. We remind our clients and others not to send CAM private information over email. If you have sensitive data to deliver, we can provide secure means for such delivery.

PLEASE NOTE: CAM does not accept trading or money movement instructions via email.

As a registered investment advisor, CAM emails may be subject to inspection by the Chief Compliance Officer (“CCO”) of CAM or the securities regulators.

If you have received an email from CAM in error, we ask that you contact the sender and destroy the email and its contents.

If you have any questions regarding our email policies, please Contact Us.

Social Websites Disclosures

CAM may utilize third-party websites, including social media websites, blogs, and other interactive content. CAM considers all interactions with clients, prospective clients, and the general public on these sites to be advertisements under the securities regulations. As such, CAM generally retains copies of information that CAM or third parties may contribute to such sites. This information is subject to review and inspection by the CCO of CAM or the securities regulators.

Information provided on these sites is for informational and/or educational purposes only and is not, in any way, to be considered investment advice nor a recommendation of any investment product. Advice may only be provided by CAM’s advisory persons after entering into an advisory agreement and providing CAM with all requested background and account information.

If you have any questions regarding our policies, please Contact Us.

Investment Glossary

Dividend Yield: Annual percentage of return earned by a company. The yield is determined by dividing the amount of the annual dividends per share by the current share price.

Dividend Pay Ratio: The dividend payout ratio is a key financial metric used to determine the sustainability of a company’s dividend payment program. It is the amount of dividends paid to shareholders relative to the total net income of a company.

Price-to-Sales: The price per share of a stock divided by total revenue (sales) per share. For a stock portfolio, the ratio is the weighted average price-to-sales ratio of the stocks it holds.

Price-to-Earnings: The price per share of a stock divided by earnings (net income) per share. For a stock portfolio, the ratio is the weighted average price-to-earnings ratio of the stocks it holds.

Price-to-Book: The price per share of a stock divided by book value (net worth) per share. For a stock portfolio, the ratio is the weighted average price-to-book ratio of the stocks it holds.

Price-to-Free Cash Flow: Price-to-free cash flow is an equity valuation metric that compares a company’s per-share market price to its free cash flow. This metric is very similar to the valuation metric of price to cash flow but is considered a more exact measure because it uses free cash flow, which subtracts capital expenditures (CAPEX) from a company’s total operating cash flow, thereby reflecting the actual cash flow available to fund non-asset-related growth.
Price-to-Cash Flow – The price-to-cash flow ratio is a multiple that compares a company’s market value to its operating cash flow or its stock price per share to operating cash flow per share. This multiple works well for companies that have large non-cash expenses such as depreciation.

Net Debt/Equity: The net debt-to-equity ratio is a leverage ratio, which shows how much of a company’s financing or capital structure is made up of debt versus issuing shares of equity. The net debt-to-equity ratio is calculated by dividing a company’s total short-term and long-term debt less cash and cash equivalents by its shareholders’ equity and is used to determine if a company is using too much or too little debt or equity to finance its growth.

Return on Assets: Return on assets is a profitability ratio calculated by dividing net income by total assets. Return on assets measures how efficient a company’s management is in earning a profit from their economic resources or assets on their balance sheet.

Return on Equity: Return on equity is a measure of financial performance calculated by dividing net income by shareholders’ equity. This ratio is considered a gauge of a corporation’s profitability and how efficient it is in generating profits. The higher the ROE, the more efficient a company’s management is at generating income and growth from its equity financing.

Beta: Beta is a measure of the volatility — or systematic risk — of a security or portfolio compared to the market as a whole (S&P 500 Index). Stocks with betas higher than 1.0 can be interpreted as more volatile than the S&P 500.