Important: Investment in financial instruments and digital assets involves a high degree of risk, including the risk of losing your entire invested capital. You should carefully read this disclosure before opening an account with Luminar Invest Capital.
1. General market risk
The value of investments may fluctuate significantly due to macroeconomic conditions, interest rates, inflation, geopolitical events, and changes in investor sentiment. Past performance is not a reliable indicator of future results.
2. Specific risks — Precious metals
- Price volatility: gold and silver prices can move sharply in response to monetary policy and currency movements.
- Counterparty risk: tokenised metal exposure depends on the issuer's solvency and the integrity of vault custody.
- Storage and insurance: any disruption to the custodian's operations may affect redeemability.
3. Specific risks — Equities
- Issuer risk: equity values depend on the financial health of the underlying company.
- Currency risk: USD-denominated equities expose the portfolio to EUR/USD fluctuations.
- Liquidity risk: tokenised equity wrappers may, in stressed conditions, exhibit wider spreads than the underlying share.
- Counterparty risk: the integrity of the 1:1 backing depends on the custodian and the tokenisation programme operator.
4. Specific risks — Digital assets
- Extreme volatility: cryptocurrency prices can fall 50% or more within short timeframes.
- Technological risk: bugs, hacks or protocol failures may cause partial or total loss.
- Regulatory risk: the legal framework is evolving and may impact tradability or redeemability.
- Custody risk: private key compromise at the custodian level may result in loss of funds.
- Stablecoin risk: a depegging event may affect the value of stablecoin holdings.
5. Operational and platform risk
Luminar Invest relies on third-party infrastructure (custodians, banks, payment processors, cloud providers). Service disruption, cyberattacks, or insolvency of these providers may affect your ability to access or transfer funds.
6. Conflict of interest
Luminar Invest is remunerated solely through a transparent 1% annual management fee. We do not receive retrocessions, kickbacks or rebates from any product issuer. Our internal policies require committee members to disclose and abstain from decisions where a personal interest exists.
7. Tax
Tax treatment of investment gains depends on your individual circumstances and country of residence. Luminar Invest does not provide tax advice. You should consult a qualified tax advisor.
8. Suitability
Delegated management is not suitable for all investors. You should only invest amounts you can afford to leave invested for a meaningful horizon (typically 3 years or more) and which you can afford to lose. Your selected risk profile determines the allocation between asset classes.
9. No guarantee
Luminar Invest does not guarantee any specific return. Forecasts, scenarios and simulations shown on the platform are illustrative and do not constitute a commitment to deliver a particular outcome.