Disclosures & Disclaimers

Emery Howard Portfolio Management ("Emery Howard") is an SEC registered investment adviser located in the State of California. Emery Howard and its representatives are in compliance with the current notice filing requirements imposed upon SEC registered investment advisers by those states in which Emery Howard maintains clients. Emery Howard may only transact business in those states in which it is notice filed or qualifies for an exemption or exclusion from notice filing requirements.

Emery Howard's website is limited to the dissemination of general information regarding its investment advisory services to United States residents residing in states where providing such information is not prohibited by applicable law. Accordingly, the publication of Emery Howard's website on the Internet should not be construed by any consumer and/or prospective client as Emery Howard's solicitation to effect or attempt to effect transactions in securities or the rendering of personalized investment advice for compensation over the Internet. This information is for information purposes and does not constitute a recommendation for the purchase or sale of securities. Individual investment decisions should be made on the basis of each investor's financial condition, suitability and risk tolerance. Investments may be volatile and can involve the loss of principal. Past performance is no guarantee of future returns.

Furthermore. the information resulting from the use of tools or other information on this website should not be construed, in any manner whatsoever, as the receipt of, or a substitute for, personalized individual advice from Emery Howard. Any subsequent, direct communication by Emery Howard with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status of Emery Howard, please contact the United States Securities and Exchange Commission on their website at www.adviserinfo.sec.gov.

A copy of Emery Howard's current written disclosure statement discussing Emery Howard's business operations, services and fees is available from Emery Howard upon written request. Emery Howard does not make any representations as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Emery Howard's 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.