General Site Use Disclaimers
RSW Investments (RSW) provides the information in this web site as a service to its customers and other visitors, to be used for informational purposes only.
While we have tried to provide accurate and timely information, and have relied on sources we believe to be reliable, the site may include inadvertent technical or factual inaccuracies. RSW does not warrant the accuracy or completeness of the materials provided, either expressly or impliedly, and expressly disclaims any warranties of merchantability or fitness for a particular purpose.
RSW will not be liable or have any responsibility for any loss or damage that you incur in the event of any failure or interruption of this site, or resulting from the act or omission of any other party involved in making this site or the data contained in it available, or from any other cause relating to your access to, inability to access, or use of the site or these materials.
Decisions based on information contained on this site are the sole responsibility of the user, and in exchange for using this site, you agree to hold RSW harmless against any claims for damages arising from any decision you make based on such information.
RSW reserves the right to withdraw or prohibit access to the site, and to revise the software, materials, information and the services and products described in this site, at any time without notifying users.
General Product / Performance Disclaimers
Nothing else contained on this site should be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security. Nor is it intended as investment, tax, financial or legal advice. Investors should seek such professional advice for their particular situation.
This site is published in the United States for residents of the United States. Investors outside of the United States are subject to securities and tax regulations within their applicable jurisdictions that are not addressed on this site. Nothing on this site should be considered a solicitation to buy or an offer to sell shares of any RSW investment in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction. U.S. investors are advised that not all investments described on this site are available for sale in all states.
Performance information presented on this web site is historical, and is not indicative of future results. Investment returns and principal may vary, and at the time of sale, your investment may be worth more or less than its original cost. It is possible to lose money by investing in RSW’s products. RSW’s investments are not deposits or obligations of, or guaranteed or endorsed by, any bank, and are not federally insured or guaranteed by the U.S. government, the FDIC, the Federal Reserve Board or any other agency.
RSW’s municipal investments offer income free from federal income tax. Distributions may be subject to state and local taxes and to the alternative minimum tax. Capital gains will be subject to capital gains taxes.
There can be no guarantee that the objective will be realized. Income is generally free from federal taxes and state taxes for residents of the issuing state. While the interest income is tax-free, capital gains, if any, will be subject to taxes. Income for some investors may be subject to the federal Alternative Minimum Tax (AMT).
State-specific portfolios hold only bonds from the client’s state of residence or U.S. territories (Puerto Rico, U.S. Virgin Islands and Guam). State-preference portfolios hold bonds from the client’s state of residence or U.S. territories, which together will account for a minimum of 50% of the portfolio. Out-of-state bonds are typically purchased at an after-tax yield that is equivalent to or greater than a comparable in-state bond. State-preference portfolios are always recommended over state-specific portfolios because a state preference portfolios provides a higher yield, better diversification and a shorter invest-up period than a state-specific portfolio.
Typically RSW can construct new client portfolios within three weeks. Since no investment style or manager is suitable for all types of investors, please review your investment objectives, risk tolerance, tax objectives and liquidity needs before choosing a suitable style or manager. This information is provided for informational purposes only. All investments carry a certain degree of risk and there is no assurance that an investment will provide positive performance over any period of time. Past Performance is no guaranty of future results. Individual investor results will vary. An investment in any municipal portfolio should be made with an understanding of the risks involved in municipal bonds. Investing in municipal bonds and a municipal bond investment vehicle involves risks such as interest rate risk, credit risk, and market risk, including the possible loss of principal. The value of the portfolio will fluctuate based on the value of the underlying securities.
Please contact your tax advisor regarding the suitability of tax-exempt investments in your portfolio. If sold prior to maturity, municipal securities are subject to gain/losses based on the level of interest rates, market conditions and the credit quality of the issuer. Income may be subject to alternative minimum tax (AMT) and/or state and local taxes, based on your state of residence.
This information is for illustrative purposes only and does not represent the performance of any RSW product. Different benchmarks and economic periods will produce different results. Information contained herein is based upon third party sources, which we believe is reliable but not guaranteed.
Some of the investments and services on this site may not be available in or appropriate for a retirement savings plan. Please contact your financial advisor about any investment restrictions associated with your particular plan.
Bloomberg Index Disclosures
Past performance is not a guarantee of future results. Bloomberg Municipal Bond Index, is a broad-based total return index comprising investment grade, fixed-rate, and tax-exempt issues, with a remaining maturity of at least one year, including state and local general obligation, revenue, insured, and pre-refunded bonds that are selected from issues larger than $75 million dated since January 1990. Investors cannot directly purchase an index.
Bloomberg 3-5 Year Municipal Bond Index is a broad-based total return index comprising investment grade, fixed-rate, and tax-exempt issues, with a remaining maturity from 3 to 5 years, including state and local general obligation, revenue, insured, and pre-refunded bonds that are selected from issues larger than $75 million dated since January 1990. Investors cannot directly purchase an index.
The returns of the index are shown for comparative purposes. When comparing the investment returns of the manager to the index, you should know the manager does not necessarily hold the same securities that comprise the index, the index may not reflect the asset allocation and portfolio characteristics of accounts managed by the manager and that the index is unmanaged.
RSW Investments considers your privacy our utmost concern. In order to provide you with individualized service, we collect certain nonpublic personal information about you from information you provide on applications or other forms (such as your address and social security number), and information about your account transactions with us (such as purchases, sales and account balances). We may also collect such information through your account inquiries by mail, email, telephone or web site.
We do not disclose any nonpublic personal information about you to anyone, except as required or permitted by law. Specifically, so that we may continue to offer you RSW Investments products and services that best meet your investing needs, and to effect transactions that you request or authorize, we may disclose the information we collect, as described above, to companies that perform administrative or marketing services on our behalf, such as transfer agents, or printers and mailers that assist us in the distribution of investor materials. These companies will use this information only for the services for which we hired them, and are not permitted to use or share this information for any other purpose.
If you decide at some point either to close your account(s) or to become an inactive customer, we will continue to adhere to the privacy policies and practices described in this notice.
With regard to our internal security procedures, we restrict access to your personal and account information to those employees who need to know that information to service your account. We maintain physical, electronic and procedural safeguards to protect your nonpublic personal information.
The USA PATRIOT Act, signed by President Bush, is designed to detect, deter, and punish terrorists in the United States and abroad. The ACT imposes new anti-money laundering requirements on all financial institutions – from check-cashing and currency exchange stores to the largest banks, brokerage firms and mutual fund companies – including RSW Investments (and its affiliated investment advisers and funds).
To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify and record information that identifies each person or company that opens an account. When you open an account, you will be required to provide your name, address date of birth and other information that will allow us to identify you and any other persons listed on your account which have trading authority.
If you are an advisor, you will be asked for an email address when you register to access the Advisor Services area of the web site. RSW may use your address to notify you of information regarding the site and its features, and about other RSW products and services. If you do not wish to receive such information, please use the Contact Us feature on the site to notify us of your desire not to receive such notifications.
For questions about our policy, or for additional copies of this notice, please contact RSW Investments, 47 Maple Street, Suite 304, Summit, NJ 07901, or 908-609-9600.