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Rankings Education Disclosure

This website (“Website”) is a publication of Camarda Financial Advisors, LLC d/b/a Camarda Wealth Advisory Group (“Camarda”), which is a registered investment adviser with a primary business location in Fleming Island, Florida. Registration as an investment adviser is not an endorsement by securities regulators and does not imply that Camarda has attained a certain level of skill, training, or ability. This Website is limited to the dissemination of general information pertaining to Camarda’s advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of this Website should not be construed by any client or prospective client as Camarda’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice over the Internet. Any subsequent, direct communication by Camarda with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration as applicable. For information pertaining to the registration status of Camarda, please visit www.adviserinfo.sec.gov or contact the SEC or the state securities regulators for those states in which Camarda maintains a notice filing. Each user of this Website (“User”) is encouraged to obtain a copy of Camarda’s current written disclosure statement discussing Camarda’s business operations, services, fees, and applicable conflicts of interest, which is available from Camarda upon request or by searching for Camarda at the following link: www.adviserinfo.sec.gov.

All materials contained on this Website are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published, or broadcast without the prior written permission of Camarda. Users may not alter or remove any trademark, copyright or other notice from copies of the content.

Except as prohibited by law, and as a condition precedent to accessing this Website, each User agrees to release and hold harmless Camarda, its members, managers, officers, directors, owners, employees, agents, and affiliates from any and all adverse consequences resulting from any actions or omissions that are independent of receiving personalized individual advice from Camarda. The preceding sentence shall not limit or waive any applicable User rights under federal or state law, including securities laws and fiduciary obligations that cannot be limited or waived.

Hyperlinks on this Website are provided as a convenience. Camarda 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 the Website or incorporated herein, and takes no responsibility for the same. All such information is provided solely for convenience, educational, and informational purposes only, and all Users are guided accordingly.

To the extent that any User accesses any economic calculator or similar interactive device contained within or linked to the Website, the User acknowledges and understands that the information resulting from the use of any such calculator/device, is not, and should not be construed as the receipt of or a substitute for personalized individual advice from Camarda, or from any other investment professional.

Past performance is not indicative of future results. 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 Camarda), will be profitable or equal any historical performance level. All investment strategies have the potential for profit or loss. Investment strategies such as asset allocation, diversification, and rebalancing do not assure or guarantee better performance and cannot eliminate the risk of investment losses. There are no guarantees that a portfolio employing these or any other strategy will outperform a portfolio that does not engage in such strategies. Any target referenced on this Website is not a prediction or projection of actual investment results and there can be no assurance that any target will be achieved. Changes in investment strategies, contributions or withdrawals may materially alter the performance of an individual’s portfolio. Historical performance results for investment indexes and/or categories generally do not reflect the deduction of transaction and/or custodial charges, or the deduction of an investment-management fee, which would decrease historical performance results. 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. Projections, forecasts and estimates referenced on the Website are not purely historical in nature and are therefore necessarily speculative and subject to material variation.

Any index performance data appearing or referenced on the Website has been compiled by the respective copyright holders, trademark holders, or publication/distribution right owners of each index for comparison purposes only. Camarda makes no warranty, express or implied, for any decision taken by any party in reliance upon such indices. Investors cannot invest directly in an index.

Certain portions of the Website (e.g. newsletters, articles, videos, audio files, commentaries, indexes, etc.) may contain a discussion of, and/or provide access to Camarda’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, these discussions may no longer be reflective of current positions or recommendations. While information presented is believed to be factual and up-to-date, Camarda does not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. Users should not assume that any of these discussions serve as the receipt of, or a substitute for, personalized advice from Camarda or from any other investment professional. Users should not use any Website content as the sole basis for any investment decisions. Rather, a professional adviser should be consulted and/or independent due diligence should be conducted before implementing any of the options referenced in the Website content. Camarda is neither a law firm nor an accounting firm. Any tax and estate planning information provided is general in nature and is to be used for informational purposes only. It should not be construed as legal or tax advice. Users, clients, and prospective clients should consult an attorney or tax professional regarding their specific legal or tax situation.

Photos and images on this Website are not of past or present clients of Camarda. These photos should not be construed as an endorsement of Camarda or its representatives by any client.

Any awards, rankings, ratings, and/or recognition by unaffiliated rating services and/or publications are not indicative and should not be construed as a guarantee of Camarda’s future performance or its clients’ investment success. Rankings published by unaffiliated rating services and/or publications are generally based on information prepared and/or submitted by the recognized adviser. Please refer to the specific disclosures below for more information about awards, rankings, ratings, and/or recognition.

With respect to any references on this Website or in other Camarda publications to the receipt of the Academy of Financial Services Best Analytical Paper Award in 2016, which is provided to the best of Camarda’s knowledge: As of October 2015, the Academy of Financial Services (“AFS”) became a qualified 501(c)(6) organization that seeks to encourage basic and applied research in the area of personal financial planning and financial services, development of curricula in the financial services field at the university level, and the interaction between financial services professionals and academicians. AFS has hosted several best paper awards at annual meetings, which may have been (and may continue to be) sponsored by another firm. In 2016, PlanPlus Global Inc. (“PlanPlus”) was one of the sponsors for this award. PlanPlus is a financial services advice platform that offers software tools to the financial services community. Camarda is not affiliated with AFS or PlanPlus.

To be considered for an award, manuscripts must meet the following guidelines: (1) have an emphasis on personal financial planning; (2) may not be accepted for publication in a journal; (3) may not have won a paper award from another conference. AFS Officers & Directors are not eligible for paper awards. Papers are judged on: (1) relevancy of topics to the providers of the award; (2) potential significance of the results; (3) quality of hypothesis; and (4) quality of writing and presentation. Winners are announced at AFS’ Annual Meeting luncheon. In 2016, Camarda’s Managing Member, Jeffrey Camarda, was one of two papers selected for this recognition. Mr. Camarda’s award for this year was sponsored by PlanPlus in connection to his paper titled, “Do Financial Planning Designations Reduce Adviser Misconduct?”

Although AFS requires membership in order for award participants and/or applicants to be considered for an award designation, neither Camarda nor any other participating advisers paid a fee to be eligible for this award. Camarda is not aware of the total number of manuscripts submitted, the percentage of manuscripts selected for the award, or any undisclosed facts that could potentially invalidate the appropriateness of this award. The receipt of this award is not representative of client experiences because the award criteria do not consider client experience or input. The award designation is independently granted and is not indicative of Camarda’s future performance, or any future performance pertaining to its clients’ investments; should not be construed by a client or prospective client as a guarantee that they will experience a certain level of results if Camarda is engaged, or continues to be engaged, to provide investment advisory services; and should not be construed as a current or past endorsement of Camarda by any of its clients.

With respect to any references on this Website or in other Camarda publications to the receipt of the Barron’s, “Top Advisor Rankings by State,” which is provided to the best of Camarda’s knowledge:

Barron’s is a registered trademark of Dow Jones & Company, L.P. Camarda is not affiliated with Barron’s or Down Jones & Company, L.P. Barron’s bases its Barron’s, “Top Advisor Rankings by State” rankings upon data provided by individual advisers and their firms, including submissions by Camarda. Barron’s confirms that data via regulatory databases, crosschecks with securities firms and conversations with individual advisers. Camarda applied for consideration, and the result was independently granted.

Advisors who wish to be ranked fill out a 102-question survey about their practice. Barron’s then verifies that data with the advisors’ firms and with regulatory databases and then applies its rankings formula to the data to generate a ranking. The formula Barron’s uses to rank advisers is proprietary. It has three major components: assets managed, revenue produced and quality of practice. Investment returns are not a component of the rankings because an adviser’s returns are dictated largely by the risk tolerance of clients. In addition, Barron’s also considers a wide range of qualitative factors, including the advisors’ experience, their advanced degrees and industry designations, the size and shape of their teams, their charitable and philanthropic work and, of course, their compliance records. Camarda is unaware, nor has Barron’s published the number of nominees considered for the award ranking. For the state of Florida, Camarda’s Managing Member, Jeffrey Camarda, ranked 75 out of 84 in 2018 and ranked 66 out of in 84 in 2019.

Barron’s does not require membership or payment in order for award participants and/or applicants to be considered for an award designation. Moreover, neither Camarda nor any other participating advisers paid a fee to be eligible for the “Top Advisor Rankings by State” ranking. However, Camarda may pay fees to Barron’s, an affiliate, or an unaffiliated third party in exchange for plaques, logo licensing, or article reprints commemorating the designations. While Camarda would pay these fees after receiving the designations and not as a condition precedent to receiving them, the fact that Camarda pays any fee with respect to its or its representative’s receipt of a designation should be considered if such designation is a factor in a client or prospective client’s evaluation of whether to initially to engage or continue to engage Camarda for investment advisory services. Barron’s-ranked advisors may also pay Barron’s a separate fee for special advertising to publish a Barron’s-ranked advisor’s contact information including applicable phone numbers, email addresses, and website addresses. This publication option is offered on an annual basis and is limited to Barron’s-ranked advisors for that respective year. This type of payment creates an inherent conflict of interest because it provides the awarding entity with a monetary incentive to grant such ranking, recognition, or designation to participating advisors that seek consideration. Camarda did not pay Barron’s this separate fee to Barron’s in exchange for Barron’s publication of this information.

As of 2019, Barron’s rankings are based on data provided by over 4,000 U.S. advisors. Camarda is not aware of the percentage of other advisors that received the applicable rankings before 2019. Camarda is unaware of any undisclosed facts that could potentially invalidate the appropriateness of the ranking. By virtue of disclosing this ranking, Camarda is disclosing favorable ratings (to the extent that Camarda’s representative is ranked above other advisors) and unfavorable ratings (to the extent that Camarda’s representative is ranked below other advisors). By considering the compliance record, eligibility to appear on the rankings seeks to ensure that a participating advisor has an established and significant history and record free from regulatory sanctions. The ranking is not representative of any one client’s experience because of the way in which it is calculated.

With respect to any references on this Website or in other Camarda publications to Better Business Bureau accreditation or “A+ Accredited Business” designations, which is provided to the best of Camarda’s knowledge.

Camarda is not affiliated with the Better Business Bureau (“BBB”). BBB Accreditation means that the BBB has determined that a company bearing the accreditation logo meets certain standards with regard to licensing, regulatory complaints, consumer complaints, advertising and other business practices. In order for a company to be eligible for the BBB accreditation the company must: (1) be in business for at least six months; (2) possess the requisite bonding and licenses in its jurisdiction; (3) not have any unresolved customer complaints; (4) not have any governmental ethics violations; (5) fulfill all contracts and promises made through its business practices and advertising; (6) follow governmental and BBB advertising laws and codes; and (7) have a website that provides and follows a privacy policy and uses secure financial transactions (if applicable). BBB accredited firms must also agree to abide by the BBB Standards for Trust. These standards include that the company: (1) advertises itself honestly; (2) has a positive track record in the market place; (3) honestly represents itself; (4) is transparent in its representation of carrying out its business operations; (5) abides by its contractual arrangements; (6) is responsive to professional disputes and responds in good faith; (7) safeguards personal information as necessary; and (8) approaches all business dealings and transactions with integrity.

The BBB rating system rates businesses on a scale of A+ to F, with A+ being the highest. Camarda has been accredited with BBB since September 10, 2009. As of 2019, Camarda has an A+ BBB rating.

BBB accredited businesses pay a uniform fee in advance for accreditation review/monitoring and for support of BBB services to the public. Camarda is unaware of any undisclosed facts that could potentially invalidate the appropriateness of the designation. By virtue of disclosing this designation, Camarda is disclosing favorable ratings (to the extent that Camarda is ranked above other companies) and unfavorable ratings (to the extent that Camarda is ranked below other companies). Camarda is not aware of the percentage of other registered investment advisers that received the applicable rating during the years in which it appeared. Camarda applied for consideration, and the result was independently granted. The designation is not representative of any one client’s experience because of the way in which it is calculated.

These designations are not indicative of Camarda’s and its advisors’ future performance, or any future performance pertaining to its clients’ investments. The designations should not be construed by a client or prospective client as a guarantee that they will experience a certain level of results if Camarda is engaged, or continues to be engaged, to provide investment advisory services; and should not be construed as a current or past endorsement of Camarda by any of its clients.

With respect to any references on this Website or in other Camarda publications to the receipt of the Financial Advisor Magazine “Top Investment Advisor” designation, which is provided to the best of Camarda’s knowledge:

The Financial Advisor Magazine is a monthly news publication. Camarda is not affiliated with Financial Advisor Magazine. Candidates for Financial Advisor Magazine’s RIA Survey and Ranking are required to complete an online survey that contains approximately twenty-six (26) to thirty (30) questions (the number of questions may vary year to year) generally concerning the following: the candidate’s total number of clients and demographics; total assets under management; additional assets and techniques employed by the candidate firm that promoted or hindered growth to the candidate’s asset base; registration status as an investment adviser and/or broker-dealer, identification of the candidate’s custodians, and the date of candidate’s most recent ADV filing; the services offered to clients; the candidate’s total number of employees and description of employee recruitment practices; the likelihood of expansion efforts in the three (3) years preceding completion of the survey and in the forthcoming twelve (12) months from the date the candidate completed the survey; and a description of what the candidate would like to do to improve the advisory profession. Some of these inquiries include whether the candidate hired a strategy consultant, obtained a valuation appraisal, added one or more offices, engaged in merger discussions, rejected a merger proposal, or hired former registered representatives.

To be eligible for the designation, candidates must be registered investment advisors and provide financial planning and related services to individual clients. Candidates must have filed their Form ADV prior to completing the questionnaire associated with the award. Corporate RIA firms and investment advisor representatives are not eligible for this survey.

Camarda was recognized for the designation in 2009, 2011, 2012, 2013, and 2014 and was ranked for each respective year as follows: 2009: 295 out of 380; 2011: 280 out of 454; 2012: 316 out of 513 honorees; 2013: 356 out of 522 honorees; and 2014: 387 out of 529. Camarda applied for consideration, and the result was independently granted. Financial Advisor Magazine does not require membership or payment in order for award participants and/or applicants to be considered for an award designation. However, Camarda may pay fees to Financial Advisor Magazine an affiliate, or an unaffiliated third party in exchange for plaques, logo licensing, or article reprints commemorating the designations. Financial Advisor Magazine does not publish, nor is Camarda aware of the total number of participants that applied to be on “RIA Survey & Ranking” for the years during which it appeared. Camarda is unaware of any undisclosed facts that could potentially invalidate the appropriateness of the ranking. By virtue of disclosing this ranking, Camarda is disclosing favorable ratings (to the extent that Camarda is ranked above other advisors) and unfavorable ratings (to the extent that Camarda is ranked below other advisors).

The ranking / designation is not representative of any one client’s experience because of the way in which it is calculated and is not indicative of Camarda’s and its advisors’ future performance, or any future performance pertaining to its clients’ investments. The award designation should not be construed by a client or prospective client as a guarantee that they will experience a certain level of results if Camarda is engaged, or continues to be engaged, to provide investment advisory services; and should not be construed as a current or past endorsement of Camarda by any of its clients.

With respect to any references on this Website or in other Camarda publications to the receipt of the Forbes “Best-in-State Top Wealth Advisors” designation, which is provided to the best of Camarda’s knowledge:

“Forbes” is a registered mark of Forbes LLC. Data for the Forbes “Best-in-State Top Wealth Advisors” developed by SHOOK Research. Camarda is not affiliated with Forbes or SHOOK Research. Candidate firms qualify based on both quantitative and qualitative criteria that includes in-person interviews, industry experience, community involvement, client retention data, and revenue trends. Each advisor considered for the award was nominated by their respective firm, then vetted and ranked by SHOOK Research. Camarda applied for consideration, and the result was independently granted.

In developing its applicant pool, SHOOK implements thresholds to limit nominations for consideration. As of February 2019, Forbes and SHOOK received 29,334 nominations (based on SHOOK thresholds), invited 5,961 candidates to complete the online survey, conducted 9,230 telephone interviews, and conducted 1,757 in-person interviews at the Advisor’s location.

For the northern part of Florida, Camarda’s Managing Member, Jeffrey Camarda, received this designation in 2017, 2018 and 2019. Mr. Camarda ranked 15 out of 123 in 2019.

As of 2019, the Forbes ranking of “Best-in-State Top Wealth Advisors,” developed by SHOOK Research, is based on an algorithm of qualitative criteria, mostly gained through telephone and in-person due diligence interviews, and quantitative data. Those advisors that are considered must have a minimum of seven (7) years’ experience with a minimum of 1 year at their current firm, (with exceptions, such as acquisitions, etc.), and the algorithm weights factors like revenue trends, assets under management, client-relate data (such as retention), compliance records, industry experience and those that encompass best practices in their practices and approach to working with clients. Portfolio performance is not a criterion due to varying client objectives and lack of audited data.

Neither Forbes nor SHOOK receive a fee or require membership in exchange for rankings. Accordingly, neither Camarda nor any other participating advisors paid a fee to be eligible for the “Best-in-State Top Wealth Advisors” ranking. Barron’s does not require membership or payment in order for award participants and/or applicants to be considered for an award designation. Moreover, neither Camarda nor any other participating advisers paid a fee to be eligible for the “Top Advisor Rankings by State” ranking. However, Camarda may pay fees to Forbes, an affiliate, or an unaffiliated third party in exchange for plaques, logo licensing, or article reprints commemorating the designations. Camarda is unaware of any undisclosed facts that could potentially invalidate the appropriateness of the ranking. By virtue of disclosing this ranking, Camarda is disclosing favorable ratings (to the extent that Camarda is ranked above other advisors) and unfavorable ratings (to the extent that Camarda is ranked below other advisors).

The ranking may not be representative of any one client’s experience because of the way in which it is calculated. The ranking is independently granted. The ranking is not indicative of Camarda’s and its advisors’ future performance, or any future performance pertaining to its clients’ investments. This ranking or any other rankings and/or recognition by unaffiliated rating services and/or publications should not be construed as a guarantee that a client will experience a certain level of results or satisfaction if Camarda is engaged, nor should it be construed as a current or past endorsement by any of its clients.

With respect to any references on this Website or in other Camarda publications to the receipt of the Paladin Research & Registry “5 Star Advisor” designation, which is provided to the best of Camarda’s knowledge:

Paladin Research & Registry (“Paladin”) was established in 2003 to educate consumers about financial advisors and also provides free services, information, and tools to individual investors.

Paladin evaluates advisors based on its proprietary rating algorithm which is premised on four categories of advisor information: (i) credentials: number of years of advisory experience, licensing credentials, and educational degrees; (ii) ethics: review of the advisor’s regulatory documentation such as the Form ADV Brochure and any regulatory registrations (such as registrations with the Financial Industry Regulatory Authority) as well as the fiduciary status of the advisor; (iii) business practices: evaluation of the advisor’s reporting systems in which the algorithm will reward advisors who utilize hourly, fixed, or asset-based compensation while penalizing advisors who receive commissions from the sale of investment and insurance products; and (iv) financial services: rewarding advisors in this category that provide one or more of the following three primary wealth management services: financial planning, investment advisory, and money management while penalizing advisors in this category who are limited to selling investment and insurance products for commissions. Paladin does not include salesmen in this analysis because sales individuals are not financial advisors and Paladin views their recommendations as part of sales process that may or may not benefit investors.

The 5 Star Advisor rating is not a credential, testimonial, or endorsement. It is awarded to advisors who scored 90 points or higher based on Paladin’s review in accordance with the above criterion. Paladin’s policy is to only profile 5 Star Advisor rated advisors in Paladin’s registry for two reasons: (1) investors have requested to Paladin that they do not want to meet with lower rated financial advisors; and (2) the lower rated advisors do not want to explain lower scores to investors. Paladin Advisor Research (www.PaladinRegistry.com) rates the quality of financial advisors who are Registered Investment Advisors or Investment Advisor Representatives. Paladin also rates the quality of stockbrokers or insurance agents who sell financial products for commissions.

Camarda has been recognized for this designation from 2006 to 2019.

Although Paladin does require membership in order for award participants and/or applicants to be considered for an award designation, neither Camarda nor any other participating advisers paid a fee to be eligible for the award. . However, Camarda may pay fees to Paladin, an affiliate, or an unaffiliated third party in exchange for plaques, logo licensing, or article reprints commemorating the designations. Paladin does not publish, nor is Camarda aware of the number of participants that applied or received this recognition for the years upon which it appeared. Camarda applied for consideration, and the result was independently granted. Camarda is not affiliated with Paladin.

Camarda is unaware of any undisclosed facts that could potentially invalidate the appropriateness of the ranking. The award designation may not be representative of any one client’s experience because of the way in which it is calculated. Camarda’s receipt of this award designation is not indicative of Camarda’s future performance, or any future performance pertaining to its clients’ investments; should not be construed by a client or prospective client as a guarantee that they will experience a certain level of results if Camarda is engaged, or continues to be engaged, to provide investment advisory services; and should not be construed as a current or past endorsement of Camarda by any of its clients.