Disclosures

1. Riviy is not an adviser, broker, or custodian

Riviy is not a registered investment adviser, a broker-dealer, or a financial planner. Nothing on this site or in the application is a recommendation to buy, sell, or hold any security, and nothing is tailored to your circumstances, goals, risk tolerance, or tax position — we do not know them.

Riviy does not execute trades, does not hold your money or securities, and has no access to any brokerage account. Nothing you see here is FDIC insured or SIPC protected, because Riviy holds nothing on your behalf to insure.

Investing involves risk, including the possible loss of principal.

2. We publish what we own — and that is a conflict

The Riviy Portfolio is a disclosure of positions Riviy itself holds. We publish it so subscribers can see what we actually own rather than what we merely say about markets. Being straightforward about the arrangement means being straightforward about its consequences:

• We own what we publish. Every position shown is one Riviy holds, so anything that moves its price moves our own position too.
• Subscribers buying could benefit us. If enough readers buy a security after we publish that we hold it, that buying can support or raise its price — to the benefit of the position we already own.
• We may sell without telling you first. We can buy or sell any holding at any time, for any reason, including selling something we published recently. You will see the change when the portfolio is next published, which may be well after we traded.
• We do not sell within 3 days of publishing. Our trading blackout is described in section 3.

Our interests are therefore not always aligned with yours. Treat the published portfolio as information about us, not as a plan for you.

3. Our trading blackout

To keep the conflict above from becoming the worst version of itself, Riviy operates a blackout: we do not reduce or close a position for 3 calendar days after publishing it. Subscribers are therefore never the demand our own exit is sold into.

The blackout restricts selling only. Buying more of something we have already disclosed puts us on the same side as the reader and raises no equivalent conflict.

Every republication restarts the clock, because every update is a fresh disclosure to whoever reads it. The dates are checkable: each version we publish is stamped, so you can measure the gap between a disclosure and the change that follows it.

What this is not: our software cannot see our brokerage. It warns whoever prepares an update when that update sells inside a blackout, but the record it holds is of a trade that already happened elsewhere. The blackout is a commitment we keep, backed by a check at the point of publishing — not a technical impossibility. If we ever publish a sale inside a blackout, it will be visible in the published dates, and we would expect to be asked about it.

4. Performance figures

Returns shown for The Riviy Portfolio are unrealized, calculated from our recorded cost basis and the most recent cached price. They do not include commissions, fees, taxes, or the effect of the timing of your own purchases, and they are not audited.

Past performance does not indicate or guarantee future results. A position that has risen may fall. The portfolio you see is the one we hold today, not a record of every position we have ever held.

5. Market data

Prices are supplied by a third-party market-data provider, cached by Riviy, and delayed at least 15 minutes. Each screen shows the time the price was struck rather than the time we fetched it, so nothing looks fresher than it is.

Data may be delayed further, incomplete, or wrong. Where we hold no price for a symbol we show a dash rather than a zero, and every total states how many positions it excludes. We do not warrant the accuracy of any figure and it should not be relied on for trading.

6. What you enter is yours to get right

Riviy values the positions you record. It cannot verify them against a brokerage, so a mistyped share count or cost basis produces a confident and wrong answer. Check what you enter; the figures are only as good as the inputs.

7. Related documents

The Terms of Service govern your use of Riviy, and the Privacy Policy explains what we collect. Questions about anything on this page: legal@riviy.com.