Important Disclosure Information & Terms and Conditions of Use

Kalorama Wealth Strategies, LLC (“KWS") is a state-registered investment adviser located in the District of Columbia. M. David Goldstein is an investment adviser representative with KWS. KWS and/or its representatives may only transact business in those states in which it is registered or qualifies for an exemption or exclusion from registration requirements.

KWS's web site is limited to the dissemination of general information regarding its advisory services, together with access to additional investment-related information, publications, and links, to residents of the United States and those residing in states where providing such information is not prohibited by applicable law.  Accordingly, the publication of KWS's web site on the Internet should not be construed by any consumer and/or prospective client as KWS's solicitation to effect or attempt to effect transactions in securities or the rendering of personalized investment advice for compensation over the Internet.

The investment adviser or investment adviser representative in question may only transact business in this state if first licensed, excluded, or exempted from the District investment adviser or investment adviser representative licensing requirements.

Furthermore, the information resulting from the use of tools or other information on this Internet site should not be construed, in any manner whatsoever, as the receipt of, or a substitute for, personalized individual advice from KWS. 

Follow-up, individualized responses to persons in this state by the investment adviser or investment adviser representative that involve either effecting or attempting to effect transactions in securities, or rendering of personalized investment advice for compensation, will not be made without compliance with the District investment adviser or investment adviser representative licensing requirements, or an applicable exemption or exclusion.

For information pertaining to the registration status of KWS, please contact the United States Securities and Exchange Commission on their web site at

A copy of KWS's current written disclosure statement discussing KWS 's business operations, services, and fees is available from KWS upon written request. KWS 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 KWS 's web site or incorporated herein and takes no responsibility therefore. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

Past performance may not be indicative of future results. Therefore, no current or prospective client should assume that future performance of any specific investment, investment strategy (including the investments and/or investment strategies recommended or undertaken by KWS) or product made reference to directly or indirectly by KWS in its web site, or indirectly via a link to an unaffiliated third party web site, will be profitable or equal the corresponding indicated performance level(s). Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for a client or prospective client's investment portfolio. Historical performance results for investment indices and/or categories generally do not reflect the deduction of transaction and/or custodial charges, the deduction of an investment management fee, nor the impact of taxes, the incurrence of which would have the effect of decreasing historical performance results.

Certain portions of KWS's web site (i.e., newsletters, articles, commentaries, etc.) may contain a discussion of, and/or provide access to, KWS'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, 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 KWS, or from any other investment professional. KWS is neither an attorney nor practicing accountant, and no portion of the web site content should be interpreted as legal, accounting, or tax advice.

To the extent that any client or prospective client utilizes any economic calculator or similar device contained within or linked to KWS's web site, the client and/or prospective client acknowledges and understands that the information resulting from the use of any such calculator/device, is not, and should not be construed, in any manner whatsoever, as the receipt of, or a substitute for, personalized individual advice from KWS, or from any other investment professional.

Each client and prospective client agrees, as a condition precedent to his/her/its access to KWS 's web site, to release and hold harmless KWS, 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 KWS.

License. Material from and any other World Wide Web site owned, operated, licensed, or controlled by KWS, may not be copied or distributed, or republished, uploaded, posted, or transmitted in any way, without the prior written consent of KWS; EXCEPT: you may download one copy of the material on one computer for your personal, non-commercial home use only, provided you do not delete or change any copyright, trademark, or other proprietary notices. Modification or use of the materials for any other purpose violates KWS's intellectual property rights. The material on this site is provided for lawful purposes only.

Copyright. Although KWS provides the information on this server to anyone, we retain copyright on all text and graphic images. This means that unless you are a financial adviser authorized by KWS, you may not: distribute the text or graphics to others without the express written permission of KWS, "mirror" or include this information on your own server or documents without permission, modify or re-use the text or graphics on this system. You MAY: print copies of the information for your own personal use; store the files on your own computer for your personal use only; reference hypertext documents on this server from your own documents. KWS reserves all other rights.

Hyperlinks. Some of the sites listed as links herein are not under the control of KWS. Accordingly, KWS makes no representations whatsoever concerning the content of those sites. The fact that KWS has provided a link to a site is NOT an endorsement, authorization, sponsorship, or affiliation by KWS with respect to such site, its owners, or its providers. KWS is providing these links only as a convenience to you. KWS has not tested any information, software, or products found on these sites and therefore cannot make any representations whatsoever with respect thereto. There are risks in using any information, software, or products found on the Internet, and KWS cautions you to make sure you understand these risks before retrieving, using, relying upon, or purchasing anything via the Internet.

Submissions. Electronic Mail (e-mail) submitted through this Web site should be considered neither secure nor confidential, since messages submitted through this site travel through the Internet, which is not a secure medium. KWS makes no representation whatsoever concerning the security or confidentiality of your e-mail messages and specifically makes no representation that any e-mail message submitted through this Web site will be received by KWS.

Trademarks. "Kalorama Wealth Strategies, LLC" and the KWS logo are trademarks owned by or licensed to Kalorama Wealth Strategies, LLC its subsidiaries, or its affiliates, and may not be reproduced without the express written consent of KWS. For further information, please contact by e-mail at or by telephone at (202) 550-7262.

Jurisdiction. Except as described otherwise, all materials in the site are made available only to provide information about KWS. KWS controls and operates this site from Washington, D.C., United States of America, and makes no representation that these materials are appropriate or available for use in other locations. If you use this site from other locations, you are responsible for compliance with applicable local laws. This is the entire agreement between the parties relating to the use of this site. KWS can revise these Terms and Conditions at any time by updating this posting. The KWS site may describe products and services that are not available worldwide. KWS makes no offers of products or services outside the United States of America.

Other. KWS reserves the right to withdraw access to the site and revise the software, materials, information, and the services and products described in this web site, at any time without notifying the user.

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