Last Updated: May 16th, 2023
Effective: May 16th, 2023
Advisory services are offered through Bloom Investment Advisers, LLC ("Bloom"), an SEC registered investment adviser. Registration does not imply a certain level of skill or training. Bloom's investment advisory services are available only to residents of the United States. Please refer to Bloom's [Disclosure Brochure Link] and [Form CRS Link] for important additional information. Additional information about Bloom is available on the SEC’s investment adviser public disclosure (IAPD) website at https://adviserinfo.sec.gov/firm/summary/317405.
Teen Investing Disclosures:
Bloom’s clients open individual accounts, including accounts established under the Uniform Gifts to Minors Act (“UGMA”) or the Uniform Transfers to Minors Act (“UTMA”) for the benefit of a minor. Through the implementation of a written trading authorization, clients may authorize their teens to invest in the account on their behalf, subject to their control and monitoring. Clients may revoke teen’s trading authorization at any time at their sole discretion. If an investment opportunity is not specifically identified as “recommended,” it may not be appropriate for the account based on the information provided by the client. Authorized Users granted trading authorization by the client may purchase investment opportunities for the account that have not been recommended by Bloom, subject to the client’s control and monitoring.
Other Important Disclosures:
Brokerage accounts for Bloom clients are established at Alpaca Securities, LLC (“Alpaca”), a wholly-owned subsidiary of AlpacaDB, Inc. Technology and a third-party SEC registered broker-dealer that is a member of the Financial Industry Regulatory Authority (www.finra.org) and the Securities Investor Protection Corporation (www.sipc.org). Cryptocurrency trading services are provided by Alpaca Crypto LLC (“Alpaca Crypto”), a FinCEN registered money services business. Alpaca Crypto is not a registered broker-dealer or a member of SIPC or FINRA.
Bloom is not affiliated with Alpaca or Alpaca Crypto. Alpaca provides clearing and execution services and serves as qualified custodian for advisory assets of Bloom clients. All accounts and trade executions are powered by Alpaca's technology. View Alpaca's disclosures at: https://alpaca.markets/disclosures. Alpaca does not make recommendations with regard to fractional share trading, whether to use fractional shares at all, or whether to invest in any specific security. A security’s eligibility on the list of fractional shares available for trading is not an endorsement of any of the securities, nor is it intended to convey that such stocks have low risk. Fractional share transactions are executed either on a principal or risks principal basis, and can only be bought or sold with market orders during normal market hours.
Cryptocurrencies traded on this platform are not securities and therefore are not protected by SIPC. Please ensure that you fully understand the risks involved before trading: https://alpaca.markets/disclosures. Cryptocurrency exchanges, as well as other intermediaries, custodians and vendors used to facilitate cryptocurrency transactions, are relatively new and largely unregulated in both the United States and many foreign jurisdictions. In addition to a higher level of operational risk than regulated futures or securities exchanges, cryptocurrency exchanges can experience volatile market movements, flash crashes, fraud, various forms of market manipulation, theft, transaction processing delays and other cybersecurity risks. Trading in cryptocurrencies may be halted by the various trading venues due to unusual trading activity, outages, or other problems with a cryptocurrency platform. If Alpaca Crypto experiences such technical difficulties, those difficulties could prevent you from accessing the cryptocurrency in your Alpaca Crypto account. Alpaca Crypto and Bloom may not have sufficient financial coverage through bonds, insurance, or other products to repay your losses. Alpaca Crypto does not offer staking, so by using Alpaca Crypto for execution services, clients may be foregoing the ability to earn additional cryptocurrency.
This is not an offer, solicitation of an offer, or advice to buy or sell securities, or open a brokerage account in any jurisdiction where Alpaca is not registered (Alpaca is registered only in the United States).