Investment Management For Nonprofits

Simple. Ethical. Software based.

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We offer socially responsible investing *
Certified Women-Owned Small Business
* ESG (Environmental, Social and Governance) investments

Meritam Terms of Use

Policy Effective Date: June 11, 2015

1. Introduction

1.1. Purpose

We offer an automated investment service for nonprofit organizations. Should you choose to become our Client, we will manage a diversified, continually rebalanced portfolio of ETFs and index funds on your behalf in a very low cost manner. Our unique service is made possible by combining a team of financial experts, with industry know how and technology talent.

1.2. Agreement

These Terms of Use are a binding agreement between each User and Meritam Advisors Inc. (“we” or “us”). Please therefore take the time to read them carefully.

For the purpose of these Terms of Use, “User” is the individual who uses our website or mobile application (“you”) as well as the institution, if any, you represent (an “Institution”). A “Client” is a User who signs our Client Agreement that entitles the Client to have the Client’s investment portfolio managed by us. These Terms of Use, as well as our Privacy Policy, apply to both Users and Clients.

When you access our website at and/or our mobile applications ("our website" or "our apps" and together our "Service"), you're agreeing to be bound by these Terms of Use and, if you represent an Institution, you agree on behalf of the Institution that the Institution will be bound by these Terms of Use. You represent and warrant that you are an authorized representative of your Institution, if any, and that you have the power to enter into a binding agreement on behalf of the Institution.

2. Eligibility

Our Service is intended solely for non-profit organizations. In any case, our Service is not to be used by anyone under the age of 18. Any access to or use of our Service by anyone under 18 is unauthorized and in violation of these Terms of Use. By accessing or using our Service, you represent and warrant that you are 18 or older.

3. Access

In order to access certain features of our Service, User must register to create an account ("User Account"). When User registers, User will be asked to choose a password, which User will be required to use to access User’s User Account.

User is responsible for safeguarding User’s password and other User Account information. User agrees not to disclose User’s password to any third party and User will notify us immediately if User’s password is lost or stolen or if User suspects any unauthorized use of User’s User Account. User agrees that User shall be solely responsible for any activities or actions under User’s User Account, whether or not User has authorized such activities or actions.

User agrees that the information User provides to us on account registration through our website or mobile applications will be true, accurate, current, and complete.

4. Alerts, Notifications and Service Communications

By creating a User Account, User automatically signs up for various types of alerts via e-mail and mobile notification. When logged in, User may customize, modify and in some cases deactivate alerts by adjusting the settings accordingly.

We never include User’s password in these communications, but we may include User’s name, or email address and information about User’s portfolio(s) if User is a Client. Anyone with access to User’s e-mail or mobile device will be able to view these alerts.

User may unsubscribe from marketing oriented emails at any time.

5. Disclaimer and Limitation of Liability

5.1. For a User who is not a Client

User agrees and understands that User’s access to and use of our Service is for evaluation purposes only, for User to evaluate whether or not to become a Client, and is not intended to provide legal, tax or financial planning advice.

User understands and acknowledges that the investment results User could obtain from investment information and financial insights provided by our Service cannot be guaranteed and that we cannot be held responsible. All investments entail a risk of loss and User may lose money. Investment management services may be offered to Users who become Clients at our sole discretion. User’s election to engage our investment management services is subject to User’s explicit enrollment and acceptance of the separate Client Agreement, which will include additional disclaimers and limitations applicable to Clients.

User agrees as a User that User is responsible for User’s own investment research and investment decisions, that our Service is only one of many tools User may use as part of a comprehensive investment process, that User should not and will not rely on our Service as the primary basis of User’s investment decisions and, except as otherwise provided for herein, we will not be liable for decisions/actions User takes or authorizes third parties to take on User’s behalf based on information User receives as an evaluation user of our Service or information User otherwise see on our website or apps.

5.2. Disclaimer Warranties

User’s use of our Service, and User’s provision of personal information to us, is at User’s sole discretion and risk. Our Service and all materials, information, products and services included therein, are provided on an AS IS and AS AVAILABLE basis without warranties of any kind from us.

We expressly disclaim all warranties of any kind, express, implied or statutory, relating to the service, content on the service and/or our use of user information, including without limitation the warranties of title, merchantability, fitness for a particular purpose, non-infringement of proprietary rights, course of dealing or course of performance. without limiting the preceding sentence, we specifically disclaim any warranties, express or implied:

  • Regarding the availability, security, accuracy, reliability, timeliness and performance of the service, content on the service and/or our use of user information;
  • That the service will be error-free or that any errors will be corrected;
  • That the service will be free from electronic viruses; and
  • Regarding the performance of or accuracy, quality, currency, completeness or usefulness of any information provided by the service including but not limited to information obtained through social media.

No advice or information, whether oral or written, obtained by User from us, shall create any warranty not expressly stated in these Terms of Use or an applicable Client Agreement. If User chooses to rely on such information, User does so solely at User’s own risk.

Some states or jurisdictions do not allow the exclusion of certain warranties. Accordingly, some of the above exclusions may not apply to every User.

5.3. Advice may differ

User understands and agrees that we act as an investment adviser for other clients and will continue to do so. We and our personnel may make recommendations and take action for other clients that may differ from the recommendations we give to User or the action we take on User’s behalf.

In addition, our personnel may take actions for their own accounts based on their own investment situations that differ from the recommendations we give User or actions we take on User’s behalf.

5.4. Limitation of Liability

In no event shall we or any of our officers, directors, employees, or agents be liable to user for any damages whatsoever, including without limitation indirect, incidental, special, punitive, or consequential damages, arising out of or in connection with user’s use of the service, content on the service and/or our use of user information, including but not limited to the quality, accuracy, or utility of the information provided as part of or through the service or for any investment decisions made on the basis of such information, whether the damages are foreseeable and whether or not we have 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 and in no event shall our cumulative liability to you exceed U.S. $100.

6. Termination or Suspension

User may request termination of User’s User Account at any time and for any reason by sending an email to

We may terminate or suspend User’s access to our Service, in our sole discretion, at any time for any reason without notice to User. Further, if we believe, in our sole discretion, that a violation of these Terms of Use has occurred, we may take any other corrective action we deem appropriate.

We reserve the right to investigate suspected violations of these Terms of Use. We may seek to gather information from a User who is suspected of violating these Terms of Use (or from any other user), and User agrees to provide us with such information.

Any suspension, termination, or cancellation shall not affect User’s obligations to us under these Terms of Use (including but not limited to ownership, indemnification, and limitation of liability), which by their sense and context are intended to survive such suspension, termination, or cancellation.

7. Cooperation with Law Enforcement.

We will fully cooperate with any law enforcement authorities, regulatory agencies, or court order requesting or directing us to disclose information about a User regarding suspected illegal activities, fraud, front running or scalping, situations involving potential threats to the physical safety of any person or otherwise.

8. Dispute Resolution

User agrees that these Terms of Use shall be governed by and interpreted in accordance with the laws of the State of New York, U.S.A. excluding that body of law pertaining to conflict of laws. Any legal action or proceeding arising under these Terms of Use will be brought exclusively in courts located in the County of New York, New York, and the parties hereby irrevocably consent to the personal jurisdiction and venue therein.

9. User Obligations

9.1. Dos.

User agrees User will:

  • Comply with all applicable laws, including, without limitation, privacy laws, intellectual property laws, anti-spam laws, export control laws, tax laws, and regulatory requirements;
  • Provide accurate information to us, whether reported directly or through a third party who User authorizes, and keep it updated
  • Use the Service solely for User’s own use and not provide access or use of our Service to any third party;
  • Use User’s real name on User’s profile and keep User’s password confidential; and
  • Use our Services in a professional manner.
9.2. Don'ts.

User agrees User won't:

  • Circumvent, disable, or otherwise interfere with security-related features of our Service or features that prevent or restrict use or copying of any content on our Service;
  • Upload, email, transmit, provide, or otherwise make available:
    • any information which User does not have the lawful right to use, copy, transmit, display, or make available (including any information that would violate any confidentiality or fiduciary obligations that User might have with respect to the information); or
    • any information that infringes the intellectual property rights of, or violates the privacy rights of, any third-party (including without limitation copyright, trademark, patent, trade secret, or other intellectual property right, moral right, or right of publicity); or
    • unsolicited or unauthorized advertising, promotional materials, junk mail, spam, chain letters, pyramid schemes, or any other form of solicitation; or
    • any personal information that is unlawful, obscene, harmful, threatening, harassing, defamatory, or hateful, or that contain objects or symbols of hate, invade the privacy of any third-party, contain nudity, are deceptive, threatening, abusive, inciting of unlawful action, or are otherwise objectionable in our sole discretion; or
    • any content that contains software viruses or any other computer code, files, or programs designed to (i) interrupt, destroy, or limit the functionality of any computer software or hardware; or (ii) interfere with the access of any user, host or network, including without limitation overloading, flooding, spamming, mail-bombing, or sending a virus to us; or
    • any content that includes code that is hidden or otherwise surreptitiously contained within the content;
  • Use any meta tags or other hidden text or metadata utilizing any of our trade names, trademarks, service marks, URLs or product names;
  • Forge any TCP/IP packet header or any part of the header information in any posting or email to us, or in any way use our Service to send altered, deceptive, or false source- identifying information;
  • Interfere with or disrupt (or attempt to interfere with or disrupt) any server, network, or the technical delivery systems of our providers or disobey any requirements, procedures, policies, or regulations of networks connected to our Service.
  • Attempt to probe, scan, or test the vulnerability of any our systems or network or breach or impair or circumvent any security or authentication measures protecting our Service;
  • Attempt to decipher, decompile, disassemble, or reverse-engineer any of the software used to provide our Service;
  • Attempt to access, search, or meta-search our Service or content thereon with any engine, software, tool, agent, device, or mechanism other than software and/or search agents provided by our Service or other generally available third- party web browsers, including without limitation any software that sends queries to our Service to determine how a website or web page ranks;
  • Violate these Terms of Use or any other rule or agreement applicable to User as a Client or User or the terms of service applicable to User’s use of any third-party site or service included in, referenced to or related to our Service;
  • Collect or store personal information about other users without their express permission;
  • Impersonate or misrepresent User’s affiliation with any person or entity, through pretexting or some other form of social engineering, or commit fraud;
  • Solicit any other users for any investment or other commercial or promotional transaction;
  • Violate any applicable law, regulation, or ordinance;
  • Scrape or copy information through any means (including crawlers, browser plugins and add-ons, and any other technology or manual work);
  • Use, launch, or permit to be used any automated system, including without limitation "robots," "crawlers," or "spiders";
  • Copy or use the information, content or data on our Service in connection with a competitive service (as determined by us);
  • Monitor our Service's availability, performance or functionality for any competitive purposes
  • Use our Service or content thereon in any manner not permitted by these Terms of Use.

10. Copyrighted Materials: No Unauthorized Use.

We will terminate the User Accounts of users who infringe the rights of copyright holders, whether ours or those of third parties. If User becomes aware of misuse of our Service or content thereon by any person, please contact Us to report it.

11. General Terms

11.1. No Waivers

The failure of a party to enforce any right or provision of these Terms of Use will not be deemed a waiver of such right or provision.

11.2. Assignment

User may not assign these Terms of Use (by operation of law or otherwise), and any prohibited assignment will be null and void. We may assign these Terms of Use or any rights hereunder without User’s consent.

11.3. Independent Contractor Status

The relationship of the parties under these Terms of Use is that of independent contractors, and these Terms of Use will not be construed to imply that either party is the agent, employee, or joint venturer of the other.

11.4. Changes

We reserve the right to change these Terms of Use by posting a revised Terms of Use, however, we agree that changes cannot be retroactive. If User doesn’t agree with any changes, User must immediately stop using our Service.

11.5. Use Limited to United States

Our Service is only available for use in the United States.
 We make no representation that our Service is appropriate or will be available for use outside the United States. Similarly, we make no representations that accessing our Service from locations outside the United States is legal or permissible by local law. If User accesses our Service from areas outside of the United States, User does so at User’s own risk and is solely responsible for compliance with local laws.

11.6. Integration

These Terms of Use, with the Privacy Policy, are the entire agreement between User and us with respect to our Service and User’s use of our website and mobile apps and supersede all prior or contemporaneous communications and proposals (whether oral, written or electronic) between User and us, unless User becomes a Client, in which case the User will also be subject to our Client Agreement and any additional terms to which User agrees when User creates and funds an investment account.

11.7. Severability

If any provision of these Terms of Use is found to be unenforceable or invalid, that provision will be limited or eliminated to the minimum extent necessary so that these Terms of Use will otherwise remain in full force and effect.

11.8. No Third Party Rights

These Terms of Use and the rules, restrictions, and policies contained herein, and our enforcement thereof, are not intended to confer and do not confer any rights or remedies on any person other than User and us.

11.9. Communications

Any notice or other communication to be given hereunder will be in writing and given (a) by us via email to the address that User provides, or (b) by User via email to or to such other addresses as we may specify in writing. The date of receipt shall be deemed the date on which such notice is transmitted by email or the date actually received if sent by other means. User agrees that legal notice to us may be made only by registered or certified mail sent to the address in Section11.11 below.

11.10. Feedback

User’s feedback is welcome and encouraged. User may submit feedback by emailing us at User agrees, however, that (i) by submitting unsolicited ideas to us or any of our employees or representatives, by any medium, including but not limited to email, written, or oral communication, User automatically forfeits User’s right to any intellectual property rights in such ideas; and (ii) such unsolicited ideas automatically become our property. User hereby assigns and agrees to assign all rights, title, and interest User has in such feedback and ideas to us together with all intellectual property rights therein. In addition, User warrants that all moral rights in any feedback have been waived, and User does hereby waive any such moral rights.

11.11. Questions

If User has questions about these Terms of Use or about our Service or content thereon, please contact us at

User can also contact us by phone at 612.888.6363 or via physical mail at:

Meritam Advisors
488 Madison Avenue
New York, NY 10022