DISCLOSURE

Temenos Advisory is an SEC registered investment adviser located in Litchfield, CT and St. Simons Island, GA.  Temenos Advisory and its representatives are in compliance with the current filing requirements imposed upon SEC registered investment advisers by those states in which Temenos Advisory maintains clients. Temenos Advisory may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. Temenos Advisory’s website is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links.  Accordingly, the publication of Temenos Advisory’s website on the Internet should not be construed by any consumer and/or prospective client as Temenos Advisory’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.  Any subsequent, direct communication by Temenos Advisory 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 Temenos Advisory, please contact the SEC or the state securities regulators for those states in which Temenos Advisory maintains a notice filing.  A copy of Temenos Advisory’s current written disclosure statement discussing Temenos Advisory’s business operations, services, and fees is available from Temenos Advisory upon written request. Temenos Advisory does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Temenos Advisory’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.

Please remember that different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment or investment strategy (including those undertaken or recommended by Temenos Advisory), will be profitable or equal any historical performance level(s).

Certain portions of Temenos Advisory’s website (i.e. newsletters, articles, commentaries, etc.) may contain a discussion of, and/or provide access to, Temenos Advisory’s (and those of other investment and non-investment professionals) positions and/or recommendations as of a specific prior date.  Due to various factors, including changing market conditions, such discussion may no longer be reflective of current position(s) and/or recommendation(s).  Moreover, no client or prospective client should assume that any such discussion serves as the receipt of, or a substitute for, personalized advice from Temenos Advisory, or from any other investment professional. Temenos Advisory is neither an attorney nor an accountant, and no portion of the website content should be interpreted as legal, accounting or tax advice.

Each client and prospective client agrees, as a condition precedent to his/her/its access to Temenos Advisory’s website, to release and hold harmless Temenos Advisory, its officers, directors, owners, employees and agents from any and all adverse consequences resulting from any of his/her/its actions and/or omissions which are independent of his/her/its receipt of personalized individual advice from Temenos Advisory.