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Important Disclosure Information


Planning Trail Investments, LLC (“Planning Trail”) is a Registered Investment Adviser (“RIA”) with the State of

Kansas. Planning Trail is a limited liability company formed in the State of Kansas and owned by Alex Carvalho, who is

also an investment advisory representative (“IAR”). Planning Trail and its representative are in compliance with the current

filing requirements imposed upon registered investment advisers by those states in which Planning Trail maintains

clients. Planning Trail may only transact business in those states in which it is registered, or qualifies for an exemption or

exclusion from registration requirements. Planning Trail's web site is limited to the dissemination of general information

pertaining to its advisory services, together with access to additional investment-related information, publications, and

links. Accordingly, the publication of Planning Trail's web site on the Internet should not be construed by any consumer

and/or prospective client as Planning Trail's solicitation to effect, or attempt to effect transactions in securities, or the

rendering of personalized investment advice for compensation, over the Internet. Any subsequent, direct

communication by Planning Trail with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. Additional

information about Planning Trail is available at A copy of Planning Trail's current written disclosure statement discussing Planning Trail's business operations, services, and fees is also available from Planning Trail upon written request. Planning Trail 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 Probitas’ web site or incorporated herein, and takes no responsibility thereof. All such information is

provided solely for convenience purposes only and all users thereof should be guided accordingly.

Please remember that 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 Planning Trail), will be profitable or equal any historical performance level(s).

Certain portions of Planning Trail’s web site (i.e. newsletters, articles, commentaries, etc.) may contain a discussion of,

and/or provide access to, Planning Trail’ (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,

such discussion may no longer be reflective of current position(s) and/or recommendation(s). Moreover, no client or

prospective client should assume that any such discussion serves as the receipt of, or a substitute for, personalized

advice from Planning Trail, or from any other investment professional. Planning Trail is neither an attorney nor an accountant, and no portion of the web site content should be interpreted as legal, accounting or tax advice.

Rankings and/or recognition by unaffiliated rating services and/or publications should not be construed by a client or

prospective client as a guarantee that he/she will experience a certain level of results if Planning Trail is engaged, or

continues to be engaged, to provide investment advisory services, nor should it be construed as a current or past

endorsement of Planning Trail by any of its clients. Rankings published by magazines, and others, generally base their

selections exclusively on information prepared and/or submitted by the recognized adviser.


Each client and prospective client agrees, as a condition precedent to his/her/its access to Planning Trail's web

site, to release and hold harmless Planning Trail, its officers, directors, owners, employees and agents from any

and all adverse consequences resulting from any of his/her/its actions and/or omissions which are

independent of his/her/its receipt of personalized individual advice from Planning Trail.

Please direct any requests or feedback to Alex Carvalho via email or (303) 519-0506.

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