13 unchanged sentences
Further, the President of the
−Removed: United States declared the COVID-19 pandemic a national emergency.
−Removed: States in which we operate declared states of emergency related to
+Added: United States declared the COVID-19 pandemic a national emergency.7 States in which we operate declared states of emergency related to
the spread of COVID-19 and issued executive orders directing individuals to stay at their place of residence for an indefinite period
3 unchanged sentences
suffered significant decreases in the value of their investment portfolios, and the economy has significantly shut down.
−Removed: It is unclear
−Removed: when the economy will start up again, and the lingering effects are not known.
−Removed: During periods of high volatility and uncertainty many
−Removed: investors choose to stop ongoing investment activity and sit on the sidelines until the markets become more stable.
−Removed: The Company’s revenues are adversely affected
+Added: While the economy
+Added: has reopened, the Delta variant may impact the Company.
+Added: During periods of high volatility and uncertainty many investors choose to stop
+Added: ongoing investment activity and sit on the sidelines until the markets become more stable.
+Added: The Company’s revenues are adversely affected
when investors reduce their investment activities.
−Removed: In addition, part of Company’s revenues is based upon the value of assets under
+Added: In addition, part of Company’s revenues is based upon the value of assets under
If the investment portfolios of clients decrease in value, the fees charged for investment advice also decreases.
4 unchanged sentences
Any significant shutdown of the economy for a
−Removed: sustained period will affect the Company’s revenue which could lead to losses.
+Added: sustained period will affect the Company’s revenue which could lead to losses.
Unregistered Sales of Equity Securities and Use of Proceeds
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.