Investment Disclaimer

Finapolis Inc. ("Finapolis") provides financial data, analytics, research, educational content, and software tools, including the Screener, Analyzer, Reporter, Trader, and Portfolio modules and the Napoli AI assistant (the "Services"). All content and outputs are provided for general informational, educational, and independent research purposes only.

Nothing in the Services constitutes investment advice, financial planning, portfolio management, or a recommendation, offer, or solicitation to buy, sell, or hold any security, option, ETF, or other financial instrument, or to adopt any investment strategy. Finapolis is not acting as your investment adviser, financial planner, or fiduciary, and no adviser-client or fiduciary relationship is created by your use of the Services.

Finapolis Inc. is not registered with the U.S. Securities and Exchange Commission or any state securities regulator as an investment adviser, and is not registered as a broker-dealer. Finapolis is not a member of FINRA or SIPC. Finapolis does not hold customer funds or securities and does not execute trades.

Finapolis content is not tailored to the investment needs of any specific person. Where the Services allow you to enter goals, risk preferences, holdings, target allocations, or assumptions, the tools apply your inputs to general analytical models, in the same way a calculator applies the numbers you enter. The resulting outputs reflect your inputs and our general methodologies. They are not a determination by Finapolis that any security or strategy is suitable or appropriate for you, and they do not account for your full financial situation, tax status, liquidity needs, time horizon, or other investments.

Stock grades (A through D), scores, rankings, signals, fair-value estimates, and price targets are the output of quantitative models and analytical frameworks applied to historical and estimated data. They are opinions as of the date generated, may change without notice, and are not guarantees or predictions of future performance. A favorable grade does not mean a security will rise in value, and an unfavorable grade does not mean it will fall.

DCF and other valuation outputs are highly sensitive to assumptions such as revenue growth, margins, discount rates (WACC), and terminal value. Default assumptions may come from analyst estimates, management guidance, or historical data, any of which may be wrong. Small changes in assumptions can produce materially different results. You are responsible for the assumptions you select or edit.

Research reports, including AI Reporter reports, summarize public information such as SEC filings (10-K, 10-Q), earnings call transcripts, peer data, and market data. Reports may omit material information, may not reflect events after the data date, and are not independent equity research produced by a registered research analyst. Finapolis does not provide investment banking services and does not receive compensation from covered companies for research coverage.

Options involve significant risk and are not suitable for all investors. Options strategies shown in the Services, including collars, spreads, and multi-leg strategies, are hypothetical illustrations. Payoff diagrams, Black-Scholes values, Greeks, and probability estimates rely on model assumptions (including volatility) that may not hold. Certain strategies can result in losses greater than the premium paid or the initial investment. Before trading options, read the Options Clearing Corporation's Characteristics and Risks of Standardized Options, available from your broker or at theocc.com. Rankings of strategies "to your risk appetite" reflect your inputs only and are not a suitability determination.

Portfolio analytics, drift alerts, rebalancing suggestions, and optimization outputs are mathematical results based on the targets and constraints you set and on historical data. They do not consider transaction costs, taxes, liquidity, or your full financial picture unless expressly stated, and they are not instructions to trade. You decide whether and how to act.

Tax-loss harvesting scans, replacement-security suggestions, and accountant-handoff reports are informational and are not tax advice. Finapolis does not know your complete tax situation. Selling a security at a loss and buying a "substantially identical" security within 30 days before or after the sale may trigger the IRS wash-sale rule and disallow the loss; wash sales can also occur across accounts, including IRAs and a spouse's accounts, that Finapolis may not see. Tax laws change and vary by jurisdiction. Consult a qualified tax professional before acting.

Backtested, simulated, and hypothetical performance results have inherent limitations. They are prepared with the benefit of hindsight, do not reflect actual trading, and may not reflect the impact of fees, commissions, taxes, slippage, liquidity constraints, or market conditions. No representation is made that any account will or is likely to achieve results similar to those shown. Past performance, whether actual or hypothetical, does not guarantee future results.

Data is obtained from sources believed to be reliable, including Massive, Tiingo, FRED, SEC EDGAR, and other providers, but Finapolis does not guarantee its accuracy, completeness, or timeliness. Market data may be delayed by 15 minutes or more. Validation features, such as source citations and confidence indicators, reduce but do not eliminate errors. Verify important information against primary sources before acting.

Content may include forward-looking statements, estimates, and projections, including those made by companies or analysts. These are inherently uncertain, and actual results may differ materially.

All investing involves risk, including the possible loss of the entire amount invested. Investments in individual stocks, ETFs, and options can be volatile. Diversification and asset allocation do not ensure a profit or protect against loss.

Finapolis employees and contractors may hold positions in securities discussed in the Services. Finapolis does not accept payment from issuers to influence grades, scores, or research.

You are solely responsible for your investment decisions and for evaluating the merits and risks of any security or strategy. Consider consulting a licensed financial adviser, tax professional, or attorney before making financial decisions.

If you are a financial professional, you are responsible for your own regulatory obligations, including suitability, best-interest, fiduciary, marketing, and recordkeeping obligations, when using Finapolis content with clients.

This disclaimer is part of the Finapolis Terms of Service. Questions: support@finapolis.com.