The disclosures set forth herein apply to each of the pages of this website (collectively, the “Site”).

Stansberry Asset Management (“SAM”) is a Registered Investment Advisor with the United States Securities and Exchange Commission. File number: 801-107061. Such registration does not imply any level of skill or training. The information presented herein is for informational purposes only and represents the views of SAM.  The Site and the information contained herein do not constitute and should not be used or considered as an offer to sell or a solicitation of the provision of any investment management or advisory services in any jurisdiction. Any such advisory services will be provided through an investment management agreement. The contents of this Site do not constitute legal, tax or accounting advice or advice regarding the suitability or profitability of any transaction or investment.

The Site is limited to the dissemination of general information about the services provided by SAM. SAM makes no representations as to the opinions of any third party appearing on a linked site and does not monitor the contents of such sites.  SAM disclaims all responsibility for the content of any such linked third party sites. This Site is not absolutely protected against unauthorized third parties.  You acknowledge that any information provided through the Internet may be accessed by unauthorized third parties.  Although SAM will make reasonable efforts to protect the privacy of the users of this Site, no guarantee can be made that unauthorized third parties will not access the information contained on or provided through the Site.

SAM may modify its investment approach, any investment parameters and any terms set forth herein at any time in any manner which it believes is consistent with its overall investment objective without notice to its clients. The success of the client accounts depends on the ability and experience of SAM and there can be no assurance that SAM will generate any gains or profits for client accounts.  No investment strategy or risk management technique can guarantee returns or eliminate risk in any market environment.  Future returns are not guaranteed and a loss of principal may occur. There can be no assurance that any instruments discussed in this Site will be a part of a client’s account.  No investment process or strategy can guarantee return or eliminate the risk in any market environment.

Stansberry Research is a subscription-based publisher of financial information. Stansberry Research is not regulated by the Securities and Exchange Commission because it is a publisher. Stansberry Research and SAM are overseen by different boards and will be operated separately by different management teams. SAM’s management team is responsible for the investment decisions of SAM. The members of SAM’s management team are not officers or editors of Stansberry Research and have no direct financial interest in Stansberry Research. Although SAM will utilize investment research published by Stansberry Research, SAM has no special or early access to such research. It receives information from Stansberry Research just like any other subscriber does – after the issues are published.

Neither Porter Stansberry nor any of the writers at Stansberry Research are personally involved in the day-to-day management of SAM or its investment advisory services, but some of them may choose to become clients of SAM.

An arrangement exists under which Stansberry Research and/or TradeSmith will be compensated by SAM for SAM’s use of the “Stansberry” and/or “TradeSmith” name, for marketing to Stansberry Research and/or TradeSmith subscribers, and in certain instances if a reader enters into an investment advisory relationship with SAM. Additional information about this arrangement and Stansberry Research and/or TradeSmith will be furnished upon request.