Disclosures

Important Disclaimers

Spring Delta Asset Management (SDAM) (“RIA”), located in New York. Advisory services are only offered to clients or prospective clients where SDAM and its representatives are properly licensed or exempt from licensure. SDAM will maintain all applicable registration and licenses as required by the various states in which SDAM conducts business, as applicable. SDAM renders individualized responses to persons in a particular state only after complying with all regulatory requirements, or pursuant to an applicable state exemption or exclusion.

Terms of Use

Please read these terms and conditions of use (“Terms”) carefully before using the website located at springdelta.com (“Website”) or any of the information or services provided by (firm) (collectively “SDAM”, “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 SDAM 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. SDAM 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 June 10, 2024.

This website is intended to provide general information about SDAM and its services. It is not intended to offer or deliver investment advice in any way. Information regarding investment services is 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. SDAM does not guarantee the accuracy of the information contained in 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 SDAM, in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, if you would like to impose, add, or to modify any reasonable restrictions to our investment advisory services.

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

Risk Disclosure

Different types of investments and strategies involve varying degrees of risk. Therefore, it should not be assumed that 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. Performance of the asset allocation strategies depends on the underlying investments.

Benchmark Disclaimer: Comparisons to indices and other benchmarks are inherently unreliable indicators of future performance.  In particular, the strategies used to generate the performance of the Fund vary greatly from those used to generate the returns depicted in the benchmarks.  In addition, the results of the Fund reflect the net realized and unrealized returns to an investor after deduction of all operational expenses, management fees and performance allocations, while we can make no representations as to the methodology used to generate the benchmark returns.

Privacy Disclosures

SDAM 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.

SDAM 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. For a copy of SDAM’s Privacy Policy, please click here https://springdelta.com/wp-content/uploads/2024/06/PrivacyPolicy.pdf

Email Disclosures

SDAM 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. SDAM makes every effort to ensure that email communications do not contain sensitive information. We remind our clients and others not to send SDAM private information over email. If you have sensitive data to deliver, we can provide secure means for such delivery.

Please note: SDAM does not accept trading or money movement instructions via email.

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

If you have received an email from SDAM 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

SDAM may utilize third-party websites, including social media websites, blogs, and other interactive content. SDAM considers all interactions with clients, prospective clients, and the general public on these sites to be advertisements under the securities regulations. As such, SDAM generally retains copies of information that SDAM or third parties may contribute to such sites. This information is subject to review and inspection by the CCO of SDAM 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 SDAM’s advisory persons after entering into an advisory agreement and provided SDAM with all requested background and account information.

 

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

Definitions

Stocks: A stock, also referred to as equity, is a financial instrument that signifies partial ownership in a company. These ownership stakes, known as “shares,” grant the holder a proportional claim to the corporation’s assets and earnings based on the amount of stock they possess. Common and preferred are the two primary categories of stocks. The value of stocks may diminish due to market downturns or as a result of corporate actions.

ETFs: Prospective buyers of exchange-traded funds (ETFs) can obtain a prospectus, which provides essential details about the investment company, including investment objectives, potential risks, charges, and expenses. It is crucial to thoroughly review the Prospectus before making any investment decisions. Interested individuals can acquire the Prospectus from their financial advisor or professional and are advised to carefully read it to gain a comprehensive understanding. ETFs carry various risks, including market, liquidity, portfolio, tax, and potentially political risks.

REITs: Investing in real estate investment trusts (REITs) and real estate ventures carries significant risks, including limited liquidity, potential devaluation of assets during adverse economic conditions or shifts in the economy, the impact of supply and demand dynamics, tenant turnover, fluctuations in interest rates (including periods of high-interest rates), availability of mortgage funds, operating expenses, and insurance costs. The value of shares in a REIT may exceed or fall below the initial investment upon liquidation, as it is subject to changes in the value of underlying properties. A prospectus must accompany or precede any related material. It is crucial to carefully review the Prospectus before making investment decisions or sending funds. These investment products are not insured by FDIC or NCUA/NCUSIF, and they are not guaranteed by banks or credit unions, thus having the potential to decrease in value. It is recommended to consult with a tax advisor or registered representative to understand how these products align with your specific investment strategy. Past performance does not ensure future outcomes. This statement does not constitute an offer to sell, solicit, or purchase the mentioned securities. The offering is exclusively made through the Prospectus.

Cryptocurrency: A cryptocurrency is a form of digital or virtual currency that utilizes cryptographic techniques to ensure its authenticity and prevent fraudulent activities such as counterfeiting or double spending. Many cryptocurrencies operate on decentralized networks built upon blockchain technology, which is a distributed ledger system maintained by a network of computers. One notable characteristic of cryptocurrencies is that they are typically not issued or controlled by a central authority, which theoretically protects them from government interference or manipulation. Cryptocurrencies offer advantages such as cost-effective and rapid money transfers, as well as decentralized systems that are resistant to single points of failure. However, there are certain drawbacks associated with cryptocurrencies, including price volatility, significant energy consumption in mining operations, and their potential utilization for illicit purposes.

Currency: Currency serves as a means of facilitating transactions for goods and services, functioning as money in the form of physical coins and paper notes. Typically issued by governments, the currency is widely accepted at face value as a recognized payment method. As the predominant medium of exchange in today’s society, currency has replaced traditional bartering systems. However, it is important to note that currency is vulnerable to fluctuations in exchange rates, which expose it to market-related risks.

Options: Options trading involves certain risks that traders should be aware of before engaging in such activities. It is important to carefully consider these risks in order to make informed investment decisions. The following risk disclosure outlines some of the key risks associated with options trading:

  • Market Risk: Options are subject to market fluctuations and changes in the underlying asset’s price. The value of options can rise or fall based on market conditions, including supply and demand dynamics, economic factors, and geopolitical events.

  • Volatility Risk: Options prices are influenced by market volatility. Increased volatility can lead to higher options prices, while decreased volatility can result in lower options prices. Sudden changes in volatility levels can have a significant impact on options values.

  • Time Decay Risk: Options have a limited lifespan, and their value may decrease over time. This time decay, also known as theta decay, accelerates as the options approach their expiration dates. Traders should be mindful of the time decay factor when considering options strategies.

  • Liquidity Risk: Some options may have low trading volumes or limited liquidity, which can make it difficult to enter or exit positions at desired prices. Illiquid options may lead to wider bid-ask spreads, slippage, and difficulties in executing trades.

  • Counterparty Risk: Options are often traded through brokerage firms or exchanges, which act as counterparties to the trades. There is a risk that the counterparty may default on their obligations, resulting in potential losses for the traders.

  • Limited Loss, Unlimited Gain: While options offer the potential for substantial gains, it is important to remember that losses are also possible. Depending on the options strategy employed, traders may face limited loss potential but have unlimited risk exposure.

  • Complex Strategies: Certain options strategies involve multiple legs, combinations, or derivatives. These complex strategies can be challenging to understand and implement correctly, increasing the risk of unintended consequences or losses.

  • Past Performance: Historical performance of options or any trading strategy does not guarantee future results. Market conditions can change, and previous successes may not be indicative of future performance.

  • Financial and Tax Considerations: Options trading may have tax implications and can involve transaction costs, commissions, and margin requirements. Traders should consult with their tax advisor and consider these financial factors before engaging in options trading

It is essential to thoroughly educate yourself about options trading, seek advice from qualified professionals, and carefully assess your risk tolerance and financial situation before participating in options trading. Options trading is not suitable for all investors, and individuals should only trade options if they fully understand the risks involved. Trusts: A trust is a legally binding arrangement in which a trustor entrusts a trustee with the responsibility of holding property or assets for the benefit of a third party. This fiduciary relationship allows for the achievement of specific objectives, making trusts highly adaptable instruments. Trusts can be classified into six main categories, including living or testamentary, funded, or unfunded, and revocable or irrevocable trusts. They can be established for purposes such as estate planning, beneficiary support, tax optimization, or other reasons as determined by the grantor.

10-year yield: The 10-year Treasury yield is the current rate Treasury notes would pay investors if they bought them today. Changes in the 10-year Treasury yield tell us a great deal about the economic landscape and global market sentiment, professional investors analyze patterns in 10-year Treasury yields and make predictions about how yields will move over time. Declines in the 10-year Treasury yield generally indicate caution about global economic conditions while gains signal global economic confidence. The 10-year Treasury yield is the current rate Treasury notes would pay investors if they bought them today. Changes in the 10-year Treasury yield tell us a great deal about the economic landscape and global market sentiment, professional investors analyze patterns in 10-year Treasury yields and make predictions about how yields will move over time. Declines in the 10-year Treasury yield generally indicate caution about global economic conditions while gains signal global economic confidence.

Money Market Funds: A money market fund is technically a security. The fund managers attempt to keep the share price constant at $1/share. However, there is no guarantee that the share price will stay at $1/share. If the share price goes down, you can lose some or all of your principal. The U.S. Securities and Exchange Commission (“SEC”) notes that “While investor losses in money market funds have been rare, they are possible.” In return for this risk, you should earn a greater return on your cash than you would expect from a Federal Deposit Insurance Corporation (“FDIC”) insured savings account (money market funds are not FDIC insured). Next, money market fund rates are variable. In other words, you do not know how much you will earn on your investment next month. The rate could go up or go down. If it goes up, that may result in a positive outcome. However, if it goes down and you earn less than you expected to earn, you may end up needing more cash. A final risk you are taking with money market funds has to do with inflation. Because money market funds are considered to be safer than other investments like stocks, long-term average returns on money market funds tend to be less than long term average returns on riskier investments. Over long periods of time, inflation can eat away at your returns.

Bonds: Corporate debt securities (or “bonds”) are typically safer investments than equity securities, but their risk can also vary widely based on: the financial health of the issuer; the risk that the issuer might default; when the bond is set to mature; and, whether or not the bond can be “called” prior to maturity. When a bond is called, it may not be possible to replace it with a bond of equal character paying the same rate of return.

Leveraged Exchange Traded Funds: Leveraged Exchange Traded Funds (“Leveraged ETFs” or “L-ETF”) seek investment results for a single day only, not for longer periods. A “single day” is measured from the time the L-ETF calculates its net asset value (“NAV”) to the time of the L-ETF’s next NAV calculation. The return of the L-ETF for periods longer than a single day will be the result of each day’s returns compounded over the period, which will very likely differ from multiplying the return by the stated leverage for that period. For periods longer than a single day, the L-ETF will lose money when the level of the Index is flat, and it is possible that the L-ETF will lose money even if the level of the Index rises. Longer holding periods, higher index volatility and greater leverage both exacerbate the impact of compounding on an investor’s returns. During periods of higher Index volatility, the volatility of the Index may affect the L-ETF’s return as much as or more than the return of the Index. Leveraged ETFs are different from most exchange-traded funds in that they seek leveraged returns relative to the applicable index and only on a daily basis. The L-ETF also is riskier than similarly benchmarked exchange-traded funds that do not use leverage. Accordingly, the L-ETF may not be suitable for all investors and should be used only by knowledgeable investors who understand the potential consequences of seeking daily leveraged investment results.

Leveraged ETF Leveraged Risk – The L-ETF obtains investment exposure in excess of its assets in seeking to achieve its investment objective — a form of leverage — and will lose more money in market environments adverse to its daily objective than a similar fund that does not employ such leverage. The use of such leverage could result in the total loss of an investor’s investment. For example: a 2X fund will have a multiplier of two times (2x) the Index. A single day movement in the Index approaching 50% at any point in the day could result in the total loss of a shareholder’s investment if that movement is contrary to the investment objective of the L-ETF, even if the Index subsequently moves in an opposite direction, eliminating all or a portion of the earlier movement. This would be the case with any such single day movements in the Index, even if the Index maintains a level greater than zero at all times.

Leveraged ETF Compounding Risk – Compounding affects all investments but has a more significant impact on a leveraged fund. Particularly during periods of higher Index volatility, compounding will cause results for periods longer than a single day to vary from the stated multiplier of the return of the Index. This effect becomes more pronounced as volatility increases.

Leveraged ETF Use of Derivatives – The L-ETF obtains investment exposure through derivatives. Investing in derivatives may be considered aggressive and may expose the L-ETF to greater risks than investing directly in the reference asset(s) underlying those derivatives. These risks include counterparty risk, liquidity risk and increased correlation risk (each as discussed below). When the L-ETF uses derivatives, there may be imperfect correlation between the value of the reference asset(s) and the derivative, which may prevent the L-ETF from achieving its investment objective. Because derivatives often require only a limited initial investment, the use of derivatives also may expose the L-ETF to losses in excess of those amounts initially invested. The L-ETF may use a combination of swaps on the Index and swaps on an ETF that is designed to track the performance of the Index. The performance of an ETF may not track the performance of the Index due to embedded costs and other factors. Thus, to the extent the L-ETF invests in swaps that use an ETF as the reference asset, the L-ETF may be subject to greater correlation risk and may not achieve as high a degree of correlation with the Index as it would if the L-ETF only used swaps on the Index. Moreover, with respect to the use of swap agreements, if the Index has a dramatic intraday move that causes a material decline in the L-ETF’s net assets, the terms of a swap agreement between the L-ETF and its counterparty may permit the counterparty to immediately close out the transaction with the L-ETF. In that event, the L-ETF may be unable to enter into another swap agreement or invest in other derivatives to achieve the desired exposure consistent with the L-ETF’s investment objective. This, in turn, may prevent the L-ETF from achieving its investment objective, even if the Index reverses all or a portion of its intraday move by the end of the day. Any costs associated with using derivatives will also have the effect of lowering the L-ETF’s return.

Alternative Investments Risk: which is the risk associated with investing in alternative investments that are speculative, not suitable for all clients, and are intended for experienced and sophisticated investors who are willing to bear the high economic risks of the investment.   Investing in alternative investments includes the following economic risks: 

 

  • loss of all or a substantial portion of the investment due to leveraging, short-selling, or other speculative investment practices 

  • lack of liquidity in that there is a lack of a secondary market for the investment, and none expected to develop;

  • the volatility of returns; 

  • restrictions on transferring interests in the investment; 

  • potential lack of diversification and resulting in higher risk due to concentration of trading

  • authority when a single adviser is utilized;

  • absence of information regarding valuations and pricing;

  • delays in tax reporting; 

  • less regulation and higher fees than mutual funds; and

  • risks associated with the operations, personnel, and process of the manager funds investing in alternative investments.

 

 

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Family Office Solutions:

At Spring Delta, we understand that managing the wealth of high-net-worth families can be complex and requires a unique approach. That’s why we offer comprehensive solutions for families, including single family office services, to help them achieve their financial goals over the course of their lifetime. Our services include:
 

1. Wealth Management: We provide a wide range of wealth management services to families, including investment management, retirement planning, estate planning, tax planning, and risk management. We work closely with our clients to understand their specific needs and develop a customized strategy that aligns with their goals and objectives.

2. Multi-Generational Planning: We understand that wealth management for high-net-worth families often includes planning for multiple generations. We work with our clients to develop a comprehensive strategy that addresses the unique needs of each generation, including education planning, retirement planning, and estate planning.

 

3. Family Governance: We help families establish a governance structure that promotes effective communication and decision-making among family members. This includes providing guidance on family meetings, family councils, and family constitutions.

 

4. Philanthropy: We assist families in creating and managing their philanthropic endeavors, which include advising on charitable giving strategies, identifying suitable charitable organizations, and creating a plan for impactful giving.

 

5. Administrative Support: We provide administrative support to families, including bill-paying, record-keeping, and tax preparation.

 

At Spring Delta, we understand the unique needs of high-net-worth families and are committed to providing comprehensive solutions that help them achieve their financial goals over the course of their lifetime. Our team of experts is dedicated to providing personalized service, and to help families navigate the complexities of wealth management.

Education

At Spring Delta, we understand that education is the key to achieving financial success. That’s why we are committed to providing our clients with the resources and knowledge they need to make informed investment decisions. We offer a range of educational services to our clients, including:
 

1. Investment seminars: We regularly host seminars and webinars to educate our clients on various investment topics such as portfolio management, risk management, and market trends.

 

2. Investment guides and articles: We provide our clients with a library of educational materials such as investment guides, articles, and white papers to help them stay informed about the markets and the economy.

 

3. One-on-one consultations: Our team of experts is available to provide our clients with personalized investment advice and answer any questions they may have.

 

4. Investment newsletter: We publish a regular newsletter to keep our clients informed about the latest market trends and investment strategies.

 

5. Mobile Application: We provide our clients with a mobile application that will help them stay informed and connected with their investments, market insights and educational resources.

 

At Spring Delta, we believe that a well-educated investor is a successful investor. We are committed to providing our clients with the resources and knowledge they need to make informed investment decisions and achieve their financial goals.

Investment Guidance

At Spring Delta, we understand that every client has unique financial goals and objectives. That’s why we work closely with our clients to understand their specific needs and provide them with tailored investment guidance. Our services include:
 
 

 1. Investment Guideline Setting: We work with our clients to establish clear investment guidelines that align with their goals and objectives. This includes setting risk tolerance levels, determining investment time horizons, and identifying specific investment strategies that are best suited for their needs.

 

 2. Pension and 401k Plan Management: We help our clients manage their pension and 401k plans by providing ongoing monitoring, rebalancing, and reporting. This includes regular reviews of plan performance and compliance with regulatory requirements, as well as working with our clients to make any necessary adjustments to their plans.

 

3. Financial Planning: We provide our clients with comprehensive financial planning services, which include retirement planning, estate planning, and tax planning. This helps our clients to achieve their long-term financial goals.

 

 4. Risk Management: We work with our clients to develop and implement risk management strategies that are tailored to their unique needs. This includes identifying and mitigating potential risks, as well as implementing strategies that protect against market downturns.

 

At Spring Delta, we believe that a well-structured investment plan is key to achieving long-term financial success. We are committed to providing our clients with the guidance and support they need to make informed investment decisions and achieve their financial goals.

Cash Management and Structured Products

At Spring Delta, we understand that cash management and structured products play an important role in optimizing investment portfolios. Our services in this area include:

 

 1. Cash Management: We help our clients manage their cash and cash equivalents by providing them with guidance on how to maintain adequate cash reserves while maximizing returns on cash investments. This includes identifying and selecting the most appropriate cash investment vehicles such as money market funds and short-term bonds.

 

 2. Structured Product Solutions: We provide our clients with a range of structured product solutions, such as derivative-based strategies, that can help to enhance returns, manage risk and provide liquidity. We work with our clients to identify their specific needs and match them with the most appropriate structured product solutions.

 

 3. Portfolio Optimization: We work with our clients to optimize their investment portfolios by balancing the trade-offs between risk and return. This includes identifying and allocating assets to the most appropriate investment vehicles and sectors, as well as adjusting the portfolio as market conditions change.

 

 4. Treasury Management: We also help our clients with their treasury management by providing them with guidance on how to manage cash and short-term investments effectively. This includes providing guidance on cash forecasting, working capital management, and managing foreign exchange risk.

 

At Spring Delta, we believe that cash management and structured products play a critical role in achieving optimal investment results. We are committed to providing our clients with the guidance and support they need to manage their cash and structured product needs effectively, and to optimize their investment portfolios.

Active Investment Management

At Spring Delta, we believe in delivering tailored investment strategies to help our clients achieve their financial goals. Our active management approach combines the use of exchange-traded funds (ETFs), equities, fixed income, and options to create a diversified portfolio that is designed to minimize volatility and deliver consistent returns. Our team of experts continuously monitors market conditions and adjust the portfolio to take advantage of opportunities and align it with our clients’ objectives.

 

1. ETFs : We use ETFs as a key component of our investment strategies, as they offer a cost-efficient and diversified way to gain exposure to a wide range of asset classes and markets.

 

2. Equities and Fixed Income: We also use individual stocks and bonds to provide clients with specific exposures and opportunities in the market.

 

3. Options: We use options as a risk management tool to hedge against market downturns and to generate additional returns.

 

4. Market Analysis: We use a combination of technical and fundamental analysis to identify market trends and opportunities.

 

5. Cycle Analysis: We monitor market cycles to identify opportunities to capitalize on market trends and align portfolios with clients’ financial goals.


 

At Spring Delta, our active management approach is designed to deliver consistent returns and minimize volatility. We are committed to providing our clients with the guidance and support they need to make informed investment decisions and achieve their financial goals.