LEGAL

IMPORTANT DISCLOSURE

There can be no assurances that investments Academy Capital Management recommends will achieve their investment objective or have positive returns; all investments carry a risk of loss, including a loss of capital. You may have a gain or loss when selling your investments.

The investments Academy Capital Management recommends are principally subject to investment risks associated with investment in global public equity securities, and with the other security and asset types. Foreign and emerging market securities involve certain risks such as currency volatility, political and social instability and reduced market liquidity. Investments in bonds are subject to credit, prepayment, call and interest rate risk. As interest rates rise the value of bond prices will decline. The recommended investments are also subject to the risks associated with utilizing investment managers and investing in investment funds.

Investments in global real assets include investments in industries that involve activities related to energy, natural resources, real estate, commodities, infrastructure and other real assets that may be more susceptible to adverse developments affecting one or more of these industries and may perform poorly during a downturn in any of those industries. They may involve greater exposure to adverse economic, regulatory, political, legal, and other changes affecting such securities. Investments in real assets may be illiquid and there may be no readily available market for them and therefore, may increase the risk of loss.

Academy Capital Management is an investment adviser registered with the Securities and Exchange Commission. This website does not constitute an offer to sell or a solicitation of an offer to buy any security, equity, debt, or other investment.

The information set forth herein does not purport to be complete or up to date. Certain information included herein is subject to change, without prior notice. Academy Capital Management has assumed no duty to update the information.

PRIVACY

We value our clients’ privacy highly and through abiding by our firm privacy policy and strict internal controls we work hard to ensure it is maintained. Academy Capital Management employees will not release confidential client information to any person not associated with ACM, except to the extent necessary and appropriate to those concerned with negotiating or executing a transaction, entitled to the information on behalf of the Client, third party service providers with which ACM contracts if such information is necessary to carry out the assigned responsibilities and only for that purpose, and with the same high level of confidentiality with which ACM treats such information, a client directs ACM to disclose such confidential information, ACM is authorized by law to make such disclosure. ACM provides notice to its Clients describing ACM’s privacy policies, as required by law. ACM ensures that appropriate safeguards are in place to ensure privacy of Client information, including placing sensitive information behind password protection on computer systems and limiting access to those personnel with a “need to know”.

COPYRIGHT

All content on this site is protected by copyright. Except as specifically permitted herein, no portion of the information on www.academycapitalmgmt.com may be reproduced in any form, or by any means, without prior written permission from Academy Capital Management. Visitors or users are not permitted to modify, distribute, publish, transmit or create derivative works of any material found on www.academycapitalmgmt.com for any public or commercial purposes.

DISCLAIMER

NO RENDERING OF ADVICE

Academy Capital Management is an investment adviser registered with the Securities and Exchange Commission. This website is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security, nor does it constitute an offer to provide investment advisory or other services by ACM or any of its affiliates, in any jurisdiction in which such offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction. The information contained on this website should not be construed as financial or investment advice on any subject matter. ACM expressly disclaims all liability in respect of actions taken based on any or all of the information on this website.

Any U.S. federal tax advice contained in this website is not intended to be used for the purpose of avoiding penalties under U.S. federal tax law. Clients should seek the advice of an accountant or certified public accountant (CPA).

RESTRICTIONS ON USE OF MATERIALS

By accessing this website, you agree that you may not (i) copy, reproduce, republish, upload, post, transmit, alter, or distribute in any way material from this website in any manner inconsistent with the purposes for which it is offered by ACM, (ii) without ACM’s prior written consent, copy, modify, or display the logos of ACM, any text, graphic images, or other content from this website, (iii) redeliver any of the pages, text, images, or other content of this website without ACM’s prior written consent, (iv) include “Academy Capital Management” “ACM,” the name of any ACM personnel, or any variation of any of the foregoing, as a metatag, hidden textual element, or any other indicator that may create a false or misleading impression of affiliation, sponsorship, or endorsement between any user and/or website and ACM, (v) upload, e-mail, or otherwise transmit any material that contains viruses or any other computer code, files or programs that might interrupt, limit or interfere with the functionality of any computer software or hardware or file communications equipment that is owned, leased, or used by ACM, or (vi) create a link to this website unless and until the user or the operator of the other website has executed a standard agreement with ACM for the granting of permission to establish such a link.

ACCURACY OF INFORMATION

While we use reasonable efforts to furnish accurate and up-to-date information, we do not warrant that any information contained in or made available through this website is accurate, complete, reliable, current or error-free. We assume no liability or responsibility for any errors or omissions in the content of this website or such other materials or communications.

DISCLAIMER OF WARRANTIES AND LIMITATIONS OF LIABILITY

The materials on this website are provided “as is” and without warranties of any kind either expressed or implied. To the fullest extent permissible pursuant to applicable law, Academy Capital Management disclaims all warranties, expressed or implied, including, but not limited to, implied warranties of merchantability and fitness for a particular purpose. ACM does not warrant that the functions contained in the materials will be uninterrupted or error-free, that defects will be corrected, or that this website or the server that makes it available are free of viruses or other harmful components.

ACM does not warrant or make any representations regarding the use or the results of the use of the materials on this website in terms of their correctness, accuracy, reliability, or otherwise. In no event shall ACM be liable for any direct, incidental, consequential, or punitive damages or injury or loss, including, but not limited to, loss of anticipated profits, benefits, use or data that may result from any performance, failure of performance, error, omission, interruption, deletion, defect, delay in operation or transmission, computer virus or worm, communications line failure, theft or destruction or unauthorized access to, alteration of, or use of information, resulting from the use of or access to this website.

LINKS TO THIRD PARTY WEBSITES

For your convenience, this website may contain hyperlinks to websites and servers maintained by third parties. We do not control, evaluate, endorse or guarantee content found in those sites. We do not assume any responsibility or liability for the actions, products, services and content of these sites or the parties that operate them. Your use of such sites is entirely at your own risk. 

Academy Capital Management will provide all prospective clients with a copy of our current Form ADV Brochure and any Brochure Supplement prior to commencing an advisory relationship. Existing clients will receive a copy of these documents upon request.

UNSOLICITED CONFIDENTIAL INFORMATION

Academy Capital Management will have no duty to keep any unsolicited information confidential prior to the formation of a client relationship. If you are not yet a client, you should not send confidential information to Academy Capital Management, unless Academy Capital Management has expressly authorized you to do so.

SEC Relationship Summary

If you have any questions regarding compliance and regulatory information, please Contact Derek Richards at derekr@academycapitalmgmt.com.