Updated: September 17th, 2025

Kwanti, Inc. (“Kwanti”) is making available its website, software and services (collectively known as “Kwanti Analytics”) subject to these Terms of Use (“Terms”). You agree to be legally bound by these Terms. Kwanti may modify these Terms from time to time in which case it will post the amended Terms on this site and notify you in writing of such amendment.  Continued use of Kwanti Analytics after a change to these Terms or the services shall mean that you accept and agree to such changes.  In the event of any inconsistency or conflict between these Terms and an effective License Agreement between Kwanti and Licensee, the terms of the License Agreement shall control.

License

To use Kwanti, you must be either:
(a) a registered investment advisor or broker-dealer; or
(b) an employee or contractor of a registered investment advisor or broker-dealer, using Kwanti to support the delivery of financial advice to clients.
Kwanti is not intended for use by individual investors managing their own assets or by institutions providing asset management services without a client-facing advisory relationship.

The Kwanti Single License is intended for use by a single named individual only and may not be used to produce the outputs of Kwanti Analytics for other individuals or firms. This license shall be used solely and exclusively by the licensee registered as such with Kwanti (“Licensee”) and the login information shall not be shared with other individuals. The Licensee of the Kwanti Single License shall also be the User as used herein.  If you have an administrative assistant (provided the assistant’s usage is limited to portfolio data entry, and the assistant is not an IAR, CIO, para-planner, strategist, and the assistant does not hold a securities registration or provide advice to clients) you may request courtesy access for your assistant, as a User Assistant, by emailing support@kwanti.com. Upon excessive usage (measured as more than 500 portfolios, or more than 50 PDF reports per month), Kwanti reserves the right to suspend or terminate access by the Licensee or any User . 

The Kwanti Multi License is intended for use by multiple individuals employed by the Licensee and authorized by the Licensee as users of its license (“User”).  The Licensee of this license will designate one individual employed by the Licensee to add, remove and manage Users as well as to handle billing matters.  Such individual is the “Administrator” registered as such with Kwanti.  The Administrator may add and remove Users from time to time not to exceed the maximum permitted amount.  If Users in excess of the maximum permitted amount are added, Licensee will be charged accordingly.  There is no refund for removing Users.  Licensee and Users may not use Kwanti Analytics to produce outputs for other individuals or firms and login information may not be shared with other individuals or firms. The license granted herein shall be used solely and exclusively by the Licensee and Users.  Users of the Kwanti Multi License do not have any rights to Kwanti Analytics, the information contained therein (even if such information is entered by Users) or any other rights except as permitted by the Licensee and Kwanti.   

The Kwanti Publisher License may be used to produce outputs for multiple advisors. This license shall be used solely and exclusively by the Licensee and the login information shall not be shared with other individuals. Upon excessive usage (measured as more than 2,000 portfolios, or more than 150 PDF reports per month), Kwanti reserves the right to suspend or terminate access by the Licensee or any User and offer that additional PDF credits be purchased.

Kwanti grants the Licensee a personal, limited, non-transferable, non-exclusive license to use Kwanti Analytics for so long as the license remains in effect. “Use” herein means that the Licensee may load, execute and display the Kwanti software. Licensee and Users shall not copy, modify, disable any features, disassemble, decompile, reverse engineer, duplicate, sublicense, resell or otherwise transfer or manipulate Kwanti Analytics, or any part thereof, or the information contained therein. Licensee and Users shall not use or attempt to use any “deep-link”, “scraper”, “robot”, “bot”, “spider” “data-mining” or any other automated program, tool, or methodology or manual process having similar processes or functionality, to access, acquire or copy any portion of Kwanti Analytics. Licensee and Users may not copy the software onto any intranet or internal network.  Licensee and Users shall not use the outputs of Kwanti Analytics in any advertisements, mailings or other marketing communications without the prior express written consent of Kwanti.

Licensee and Users shall comply with all laws, regulations and rules applicable to it in connection with its disclosure and use of Kwanti Analytics.

Kwanti reserves the right to suspend or terminate access of Licensee or any User that it deems to be abusing these Terms. This remedy is not Kwanti’s exclusive remedy for breach of these Terms.

License Term and Termination

All subscription fees are due in advance of the applicable subscription period.

Under Kwanti’s monthly subscription plan, the license is effective for one (1) month and is automatically renewed for successive one (1) month periods until cancelled in writing by the Licensee. Cancellation is effective at the end of the then current term. Upon cancellation, there is no refund for partial months.

Under Kwanti’s yearly subscription plan, the license is effective for twelve (12) months and is automatically renewed for successive twelve (12) month periods until canceled in writing by the Licensee at least two (2) months prior to the start of the applicable renewal term. Licensee may not terminate the license before the end of an annual term and is not entitled to any refund in connection with any such claimed termination.

Notwithstanding the foregoing, Kwanti may terminate, suspend or otherwise limit the license and/or Licensee’s access to Kwanti Analytics at any time for any or no reason, with or without notice.  In such event, there will be no refund issued to Licensee.

Account

Licensee is responsible for everything that occurs under Licensee’s license. Licensee agrees to promptly notify Kwanti (at support@kwanti.com) of any suspected unauthorized use of the license, or any other suspected breach of security. Kwanti is not liable for any loss or damage relating to Licensee’s license.

Disclaimer

Kwanti is not a registered investment advisor. The information and tools on this web site are for informational purposes only, and do not constitute advice for investment or trading. Licensee and Users assume full responsibility with respect to investment decisions. Kwanti and its employees shall have no liability with respect to Licensee’s and User’s investment decisions.

Licensee and Users understand and agree that, while the information contained in or accessed through the use of Kwanti Analytics (including through use of hyperlinks), or found on the Kwanti website, is obtained from sources which Kwanti considers reliable, neither Kwanti nor its third-party providers make any representation, warranty, covenant or guarantee as to its accuracy, completeness or timeliness.

LICENSEE AND USERS UNDERSTAND AND AGREE THAT KWANTI ANALYTICS (INCLUDING BETA VERSIONS) IS PROVIDED “AS IS” AND “AS AVAILABLE.” NEITHER KWANTI NOR ANY THIRD-PARTY SUPPLIER MAKES ANY WARRANTY, REPRESENTATION OR GUARANTY AS TO THE ACCESSIBILITY, COMMUNICATION LINKS, SEQUENCE, QUALITY, ACCURACY, TRUTH, TIMELINESS, OR COMPLETENESS, OF ANY MARKET INFORMATION OR OTHER INFORMATION OR DATA FURNISHED HEREUNDER OR THAT ANY SUCH INFORMATION OR DATA DISSEMINATED MAY BE RELIED UPON FOR INVESTMENT OR OTHER PURPOSES. WITHOUT LIMITING THE FOREGOING, ANY AND ALL WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR NON-INFRINGEMENT ARE HEREBY EXPRESSLY DISCLAIMED. LICENSEE AND USERS ACKNOWLEDGE THAT IT IS THE RESPONSIBILITY OF LICENSEE AND USERS TO VERIFY ANY INFORMATION UPON WHICH IT ELECTS TO USE WHEN TAKING ANY ACTION WITH FINANCIAL CONSEQUENCES. LICENSEE AND USER SHALL CONDUCT THEIR OWN INDEPENDENT RESEARCH AND DUE DILIGENCE THROUGH THEIR OWN CUSTOMARY MARKET RESEARCH CHANNELS. NO EMPLOYEE, SALESPERSON, VENDOR OR OTHER AGENT OR PURPORTED AGENT OF KWANTI IS AUTHORIZED TO MAKE ANY WARRANTIES, REPRESENTATIONS OR GUARANTIES IN CONTRADICTION OF THE FOREGOING, AND LICENSEE AND USERS AGREE NOT TO RELY ON ANY SUCH PURPORTED WARRANTIES, REPRESENTATIONS OR GUARANTIES.

Certain of the information contained on Kwanti Analytics: (1) is proprietary to Morningstar Inc. and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is not guarantee of future results.

Intellectual property

Kwanti Analytics including the content, tools, graphics and text on the Kwanti website is and shall at all times remain the sole and exclusive property of Kwanti and all worldwide intellectual property rights embodied in, related to, or represented by Kwanti Analytics are the property of Kwanti.

Loss Due to Extraordinary Events

Performance of any obligation hereunder by Kwanti shall be excused if prevented by acts of God, other third-party service providers, public enemy, fire or other casualty, labor dispute, communications, computer, software, hardware or equipment failure, act or omission of any market center, utility, communications service, common carrier, Internet or network access or backbone provider or information provider, pandemic, epidemic, or any other circumstances beyond Kwanti’s reasonable control.

Limitation of Liabilities

IN NO EVENT SHALL KWANTI OR ANY OF ITS OWNERS, OFFICERS, DIRECTORS, EMPLOYEES, OR AGENTS BE LIABLE FOR ANY DAMAGES WHATSOEVER, INCLUDING WITHOUT LIMITATION INDIRECT, INCIDENTAL, SPECIAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES, ARISING OUT OF OR IN CONNECTION WITH LICENSEE’S OR USER’S USE OF THE SITE, CONTENT, AND/OR LICENSEE OR USER INFORMATION INCLUDING BUT NOT LIMITED TO THE QUALITY, ACCURACY, OR UTILITY OF THE INFORMATION PROVIDED AS PART OF OR THROUGH THE SITE OR FOR ANY INVESTMENT DECISIONS MADE ON THE BASIS OF SUCH INFORMATION, WHETHER THE DAMAGES ARE FORESEEABLE AND WHETHER OR NOT KWANTI HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. THE FOREGOING LIMITATION OF LIABILITY SHALL APPLY TO THE FULLEST EXTENT PERMITTED BY LAW IN THE APPLICABLE JURISDICTION.

Indemnification

Licensee shall indemnify and hold harmless Kwanti, its owners, officers, directors, employees, agents, affiliates, successors and assigns and any other third party suppliers from and against any and all User or third party (which includes without limitation a Licensee client and government or regulatory agency) demands, claims, actions, proceedings, damages, liabilities, losses, fees, costs or expenses (including, without limitation, reasonable attorneys’ fees and costs) directly or indirectly arising from or in any way connected with (i) Licensee’s or User’s disclosure or use of or reliance on Kwanti Analytics, including any quotations, market information or other information or data supplied, (ii) any breach of or default under the terms or conditions of these Terms by Licensee or User, and (iii) any negligence or willful misconduct by or on behalf of Licensee or its Users, owners, officers, directors, employees or agents.

Severability and Modification by Court

If any term or provision of these Terms shall, for any reason, be adjudged by any court of competent jurisdiction to be invalid or unenforceable, such judgment shall not affect, impair or invalidate the remainder of these Terms, but shall be confined in its operation to the provisions of these Terms directly involved in the controversy in which such judgment shall have been rendered. Notwithstanding the above, it is the intent and desire of the Parties that these Terms and all of its terms be enforceable and in the event any provision as presently set forth is determined to be invalid by a court of competent jurisdiction, the Parties hereto agree that these Terms shall be appropriately modified by the court.

Governing Law

These Terms shall be governed by and construed in accordance with the laws of the State of California, without regard to its principles of conflict of laws. Licensee, Users and Kwanti agree to submit to exclusive jurisdiction and venue in a state or federal court of competent jurisdiction in the State of California.

Cost of Legal Action

In the event of any legal action arising under these Terms, the substantially prevailing party shall be entitled to recover all costs and expenses, including reasonable attorneys’ fees, incurred including costs and expenses incurred prior to commencement of legal action and incurred in any appeal from any action.

WAIVER OF JURY TRIAL

LICENSEE, USERS AND KWANTI HEREBY EXPRESSLY WAIVE ANY RIGHT TO A TRIAL BY JURY FOR ANY DISPUTE BETWEEN THEM INCLUDING WITHOUT LIMITATION ANY DISPUTE ARISING OUT OF THESE TERMS.