Important Disclosure Information

The US Pilot Financial Association (Association/Site/Publisher) is a source of financial education, tools, downloads, and resources (the 'Site") for all professional Airline Pilots and is registered as a private association and not open to the general public.

The Association/Site/Publisher is not registered as an investment adviser with any federal or state regulatory agency. Rather, the Association/Site/Publisher relies upon the "publisher's exclusion" from the definition of "investment adviser" as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws. The Association/Site/Publisher is a bona fide publication of general and regular circulation offering impersonalized investment-related advice to members and/or prospective members (e.g., not tailored to the specific investment portfolio or needs of current and/or prospective Member/Subscribers). USPFA is not itself an SEC registered investment advisor. An associate of and investment advisor has participated in the founding and establishment of USPFA. The Association/Site/Publisher is limited to the dissemination of impersonal and objective investment-related information [together with access to additional impersonal investment-related information and links.] The publication of the Site on the Internet and the publication of any content should not be construed by any Member/Subscriber and/or prospective Member/Subscriber as Publisher's (i) solicitation to effect, or attempt to effect transactions in securities over the Internet, or (ii) provision of any investment related advice or services tailored to any particular individual's financial situation or investment objective(s).

Member/Subscribers do not receive investment advisory, investment supervisory or investment management services, nor the initial or ongoing review or monitoring of the Member/Subscriber's individual investment portfolio or individual particular needs. Therefore, no Member/Subscriber should assume that his/her/its membership serves as a substitute for individual personalized advice from an investment professional of the Member/Subscriber's choosing.

Rather, the Association/Site/Publisher is designed solely to provide Member/Subscribers with an objective source of financial information, education and resources concerning a Member/Subscriber's financial world, including their 401K plan, and to make corresponding investment decisions regarding the allocation of their 401K assets. The Association/Site/Publisher recommendations are limited by and to the investment choices provided by the Member/Subscriber's 401K plan. The Association/Site/Publisher does not advocate following the examples of allocation, but provides them as a reference.

The Member/Subscriber maintains absolute discretion as to whether or not to follow any portion of the Site content. Association/Site/Publisher does not offer or provide investment implementation services, nor does it offer or provide initial or ongoing individual personalized advice (neither in person nor via the Internet) It remains the Member/Subscriber's exclusive responsibility to review and evaluate the content and to determine whether to accept or reject any recommendation and to correspondingly determine whether any such recommendation is appropriate for a Member/Subscriber's investment portfolio or strategy (of which Association/Site/Publisher has and expresses no knowledge or opinion). Association/Site/Publisher expresses no opinion as to whether any of recommendations contained on the Association/Site/Publisher is appropriate for a Member/Subscriber's investment portfolio, strategy, financial situation, or investment objective(s).

The Member/Subscriber acknowledges that any past performance referred to on the Association/Site/Publisher relative to any recommendation or security may not be indicative of future results, and understands that any opinions contained on the Association/Site/Publisher reflect Association/Site/Publisher's judgment exclusively as of that particular date. Therefore, no current or prospective Member/Subscriber should assume that the future performance of any specific investment, investment strategy (including the investments and/or investment strategies recommended on the Association/Site/Publisher) will be suitable or profitable for a Member/Subscriber's portfolio, or equal historical or anticipated performance level(s).

Each Member/Subscriber or prospective Member/Subscriber acknowledges and accepts the limitations of the Association/Site/Publisher and agrees, as a condition precedent to his/her/its access to the Association/Site/Publisher, to release and hold harmless Association/Site/Publisher, its officers, directors, owners, employees, advisors, affiliates, and agents from any and all adverse consequences resulting from his/her/its membership/subscription.