Updated: May 2023
The Novata Benchmarks (the “Benchmarks”) are intended for informational purposes only and are neither intended nor implied to be a substitute for professional advice. The Benchmarks should not be construed as relating to accounting, legal, regulatory, tax, research or investment advice.
The Benchmarks are subject to change at any time. The Benchmarks represent industry averages and do not represent the specific performance of any individual company, fund, product, or service. The data that composes the Benchmarks is subject to change and may fluctuate due to changes in the participant base, industry-related factors, and economic conditions. Please note that, within a data aggregation, no single participating company is the source of a significant amount of that data.
The Benchmarks are derived from various sources and methodologies, which includes aggregated and de-identified data from multiple entities. The data included in these Benchmarks is based solely on information provided by users of the Novata platform. Novata does not validate the accuracy or reasonableness of the data provided or subject the data to testing, audit or review procedures. Novata does, however, make reasonable efforts to identify and exclude outlier data that could lead to misinterpretations.
The Benchmarks are provided on an “as is” basis. Novata makes no representations or warranties, express or implied, as to the accuracy, reliability, or completeness of the Benchmarks. Any reliance on the Benchmarks is at your own risk. Novata expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) and any liability for any direct, indirect, incidental, consequential, or special damages, including but not limited to loss of revenue, data, or profits, arising from your use or interpretation of the Benchmarks. Novata is not liable for any errors, omissions, or inaccuracies in the data, or for any actions taken based on the information provided. In no event will Novata be liable to any third party for any decision made or any action taken in reliance of or through the use of the information and/or data contained in the Benchmarks.
Novata does not endorse or recommend any particular course of action or business strategy based on the data included in the Benchmarks. The data is not a substitute for professional advice or judgment, and users should seek the advice of qualified professionals before making any business decisions based on the Benchmarks data. The material contained in the Benchmarks, studies, and reports does not constitute a recommendation to take any action or to buy or sell or otherwise deal with anything or anyone identified or contemplated in the Benchmarks. Before acting on anything contained in the Benchmarks, we encourage you to conduct your own research, due diligence, and assessments to determine the suitability and relevance of the Benchmarks for your specific needs as well as seek professional advice.
Any use of the Benchmarks is subject to Novata’s Terms and Conditions. The Benchmarks, and any underlying data or derivatives, may not be reproduced or disseminated in any form without the prior written permission of Novata and may not be used as a basis for or a component of any financial instruments, products or indices.
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