Effective Date: March 6, 2025
1. Introduction Spectrum Asset Management, Inc. (“Spectrum,” “we,” “us,” or “our”) provides clients with access to their account information via the Client Portal, which operates on the Tamarac Envestnet platform. This Privacy Policy explains how we handle client data within the portal and our relationship with Envestnet.
2. Who is Tamarac Envestnet? Tamarac Envestnet is a leading provider of portfolio reporting and trading technology for financial advisors. Our Client Portal is built on their platform, meaning that Envestnet manages data storage, security, and processing related to client account information and uploaded documents.
3. Information Collected The Client Portal is a view-only platform that allows clients to access their account details, performance reports, and other financial data. However, clients may upload documents to the Document Vault, which can be accessed by Spectrum.
The types of data managed within the portal include:
- Account balances and holdings
- Transaction history
- Performance reports
- Documents uploaded by the client
4. Use of Information Spectrum does not collect or process data within the Client Portal beyond accessing it for advisory purposes. All account and document information is securely stored and managed by Envestnet. The Document Vault allows clients to upload documents, which may contain personal or financial information. These documents are accessible to Spectrum advisors for financial planning and reporting purposes.
5. Data Security Envestnet is responsible for the security and protection of data within the Client Portal. Envestnet employs industry-standard security measures to protect client information from unauthorized access, disclosure, or misuse.
6. Sharing of Information Spectrum does not sell, rent, or share client data with third parties. Any data shared within the Client Portal remains within Envestnet’s system and is only accessed by Spectrum advisors for client service purposes.
7. Client Rights and Contact Information Clients with questions about their data or privacy rights may contact:
Tony Jung
Chief Operating Officer
Spectrum Asset Management, Inc.
Phone: 949-717-3400
Email: tony@myspectrum.com
8. Envestnet’s Privacy Policy Since the Client Portal operates under the Tamarac Envestnet platform, clients should review Envestnet’s privacy policy for further details on data security and handling practices. The Envestnet privacy policy can be accessed here: https://www.tamaracinc.com/privacy
9. Changes to this Privacy Policy We may update this Privacy Policy as needed. Any changes will be reflected with a new effective date.