Disclosures

Last updated 18 September 2026

Registration status

Nemdhari LLC is preparing to register as an investment adviser. Until that registration is effective the firm does not provide investment advisory services for compensation, and nothing on this site is an offer to provide them.

Parts of this site describe a managed service, in which trades are placed for you at your custodian under a limited trading authority you sign. That service is described as it will operate once the registration is effective. Until then Nemdhari LLC does not accept trading authority over any account, does not place trades for anyone, and does not take custody of client assets. Availability through a particular custodian depends on that custodian's arrangements with independent advisers.

Model and hypothetical results

Where performance of the Macro Tide model is shown anywhere in our material, it is model or hypothetical performance unless it is expressly labelled as the performance of actual accounts. Model results have inherent limitations. They are prepared with the benefit of hindsight, they do not represent actual trading, and they do not reflect the effect of material economic and market factors on real decisions. No client achieved the results shown. Model results for the Macro Tide portfolios are shown net of a 0.75% annual advisory fee, deducted monthly, unless stated otherwise; the market comparison carries no fee. Fees compound against you over time.

Past performance

Past performance, whether actual or hypothetical, does not predict future results. Any investment can lose value, including the whole of it. Diversification and risk controls reduce the range of outcomes. They do not prevent loss.

What the model is and is not

Macro Tide Core is a rules-based reading of macroeconomic and market conditions. It is not a forecast, and it will be wrong. Its cut rules are designed to shorten the periods in which it is wrong, not to eliminate them. Signals are derived from public data that is revised after publication, so a reading can change after the fact.

Forward-looking statements

Statements about future conditions are opinions as of the date written. Conditions change, and we do not undertake to update published research.

Independence and pre-clearance

Where we check proposed trades against an employer's restricted list, that check is a service to the client and does not transfer responsibility. You remain responsible for compliance with your employer's code of ethics and for obtaining any pre-clearance it requires.

Custody and authority

Nemdhari LLC does not take custody of client assets. Accounts remain in the client's name at the client's own custodian. On the managed service the client grants a limited authority to place trades in the account, which the client can revoke at any time; on advice only, the client places every order. Until the firm's registration is effective it accepts no trading authority (see Registration status above).

Proprietary methodology

© 2026 Nemdhari LLC. All rights reserved. The Macro Tide framework — its six-cycle regime gauge, conviction score, allocation rules, indicators, code and model portfolios — is the proprietary intellectual property of Nemdhari LLC. Research and education only; not investment advice, not an offer or solicitation, and not a recommendation for any person. Hypothetical and model results do not reflect actual client accounts; past performance does not predict future results.