We publish analysis.We give advice only under mandate.

ZMK Advisory gives advice to its clients under a signed mandate, on the terms of that engagement. Everything published on this site, including Field Notes, models, films and briefings, is analysis and opinion for general information. It does not take account of any reader’s circumstances. It is not investment, legal, tax or accounting advice, and it is not a recommendation, offer or solicitation to buy or sell any security, commodity or instrument.

Figures in Field Notes are drawn from published sources, cited in the notes where shown, and from ZMK Advisory’s own calculations. They may be revised as sources change; verify any figure independently before acting on it. Past patterns are not a guide to future outcomes.

Client work is confidential. Where a past project is shown on this site, it is anonymised: the client, the asset and the counterparties cannot be identified from it. ZMK Advisory holds no positions in the assets it writes about. It accepts no liability for decisions taken on the basis of published material; its responsibility for advice is set by the terms of each mandate.