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Legal Disclosures

Portfolio Solutions® is registered and regulated by the U.S. Securities and Exchange Commission (SEC). The SEC requires that all clients and potential clients have access upon request to a copy of Form ADV Parts 2A & 2B that outlines important information about Portfolio Solutions®, business methods, fees, professional qualifications and all other pertinent business information.


Portfolio Solutions® Form ADV Parts 2A & 2B

Form ADV Parts 2A & 2B is a second SEC filing that provides details of the services we offer as well as the backgrounds of principals. It also includes a narrative of our fees, investment strategies and how we conduct business. Form ADV Parts 2A & 2B can be downloaded here.

Privacy Policy

Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.

The types of personal information we collect and share depends on the product or service you have with us. This information can include:

  • Social Security number and income;
  • Account balances and assets; and 
  • Transaction history.

All financial companies need to share customers’ personal information to perform their services and run their everyday business. In the section below, we list the reasons financial companies and Portfolio Solutions® can share its customers’ personal information; and whether you can limit this sharing.

We can share your personal information (1) for our everyday business purposes, such as to process your transactions, maintain your account(s) or to respond to court orders and legal investigations; and (2) for our marketing purposes— to offer our products and services to you.

Portfolio Solutions® collects non‐public personal information about you for example, when you:

  • Open an account;
  • Deposit money;
  • Seek advice about your investments;
  • Enter into an investment advisory contract; and
  • Tell us about your investment or retirement portfolio or earnings. 

We are committed to protecting your privacy and your non‐public personal information. We do not sell or market your non‐public personal information to unaffiliated organizations. We maintain physical, electronic and procedural safeguards to guard your non‐public personal information. We hold our employees to strict standards of conduct regarding confidentiality, and employees who violate our Privacy Policy are subject to disciplinary process. We restrict access to your information to those employees who need to know that information to carry out their duties.

We do not disclose any non‐public personal information about our clients or former clients without the client’s authorization, except as permitted by law. We may disclose the non‐public information we collect to employees and affiliates, and unaffiliated third parties as permitted by law. Third parties may include law enforcement agencies, government and regulatory authorities, and professionals such as our legal counsel and auditors. It is our policy to conduct a due diligence review and to require all third party service providers that will receive information to sign strict confidentiality agreements agreeing to safeguard such information and use it only for the purpose it was provided.

Blog Disclosure

Performance data shown represents past performance, which is not a guarantee of future results. Inherent in any investment is the potential for loss as well as the potential for gain. Investment returns and principal value will fluctuate, so investors’ shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data cited. Investing involves risk, including possible loss of principal. “It should not be assumed that the recommendations made in the future will be profitable or will equal the performance of the securities in this article.” Therefore, no current or prospective client should assume that future performance of any specific investment or investment strategy (including the investments and/or investment strategies recommended or undertaken by Portfolio Solutions®) made reference to directly or indirectly by Portfolio Solutions® in its web site, or indirectly via a link to an unaffiliated third party web site, will be profitable or equal the corresponding indicated performance level(s). Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for a client or prospective client’s investment portfolio nor that the future performance of any specific investment or investment strategy (including those undertaken or recommended by Portfolio Solutions®), will be profitable or equal any historical performance level(s). Future returns may differ significantly from the past due to materially different economic and market conditions and other factors. Investments within portfolios, and therefore, portfolios, involve risk and the possibility of loss, including a permanent loss of principal. Investment Return comparisons may employ a variety of popular indexes. Exposure to an asset class represented by an index is available through investable instruments based on that index. Portfolio Solutions® does not sponsor, endorse, sell, promote or manage any investment fund or other investment vehicle that is offered by third parties and that seeks to provide an investment return based on the performance of any index. Portfolio Solutions® makes no assurances that investment products based on the index will accurately track index performance or provide positive investment returns. A decision to invest in any investment fund should not be made in reliance on any statements set forth in this article. Prospective investors are advised to make an investment in any such fund only after carefully considering the risks associated with investing in such funds, as detailed in the offering memorandum, prospectus or similar document that is prepared by or on behalf of the issuer of the investment fund. Inclusion of a mutual fund, REIT or bond fund within an index is not a recommendation by Portfolio Solutions® to buy, sell or hold such security, nor is it considered to be investment advice. This document has been prepared solely for information purposes based upon information generally available to the public from sources considered to be reliable. Hypothetical illustrations are not exact representations of any particular investment, as you cannot invest directly in an index or fund-group average. Bond funds are subject to the risk that an issuer will fail to make payments on time, and that bond prices will decline because of rising interest rates or negative perceptions of an issuer’s ability to make payments. Diversification does not ensure a profit or protect against a loss in a declining market.

A complete list of all Portfolio Solutions’ recommendations for the immediately preceding period of not less than one year is available upon request. Holdings are subject to change. The holdings identified do not represent all of the securities purchased, sold or recommended for advisory clients. Portfolio Solutions® or one or more of its officers, may have a position in the securities discussed herein and may purchase or sell such securities from time to time.

Website Disclaimer

Past performance may not be indicative of future results.  Therefore, no current or prospective client should assume that the future performance of any specific investment, investment strategy (including the investments and/or investment strategies recommended by Portfolio Solutions®), or product made reference to directly or indirectly on our website, or indirectly via hyperlink to any unaffiliated third-party website, will be profitable or equal to past performance. All investment strategies have the potential for profit or loss.  Changes in investment strategies, contributions or withdrawals may materially alter the performance, strategy and results of your portfolio.  Performance results reflect the reinvestment of dividends and capital gains. Different types of investments involve varying degrees of risk, and there can be no assurance for a client’s investment portfolio. Economic factors, market conditions, and investment strategies will affect the performance of any portfolio and there are no assurances that it will match or outperform any particular benchmark. Statements of future expectations, estimates, projections, and other forward-looking statements are based on available information and the Portfolio Solutions® view as of the time of these statements. Accordingly, such statements are inherently speculative as they are based on assumptions that may involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such statements. Investing in equity securities involves risks, including the potential loss of principal. While equities may offer the potential for greater long-term growth than most debt securities, they generally have higher volatility. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. There are risks involved with investing, including possible loss of principal. In addition to the normal risks associated with investing, narrowly focused investments, investments in distressed debt, illiquid investments and investments in foreign markets typically exhibit higher volatility.