Web Site Disclosure

Spectrum Financial’s website is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of Spectrum Financial’s website on the Internet should not be construed by any consumer and/or prospective client as Spectrum Financial’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Any subsequent, direct communication by Spectrum Financial with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

For information pertaining to the registration status of Spectrum Financial, please contact the SEC or the state securities law administrators for those states in which Spectrum Financial maintains a notice filing. A copy of Spectrum Financial’s current written disclosure statement discussing Spectrum Financial’s business operations, services, and fees is available from Spectrum Financial upon written request.

Spectrum Financial does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Spectrum Financial’s web site or incorporated herein, and takes no responsibility therefore. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

Past performance may not be indicative of future results. Therefore, no current or prospective client should assume that future performance of any specific investment, investment strategy (including the investments and/or investment strategies recommended or undertaken by Spectrum Financial) or product made reference to directly or indirectly by Spectrum Financial in its website, or indirectly via a link to an unaffiliated third party website, will be profitable or equal the corresponding indicated performance level(s).

Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will either be suitable or profitable for a client or prospective client’s investment portfolio. Historical performance results for investment indices and/or categories generally do not reflect the deduction of transaction and/or custodial charges, the deduction of an investment management fee, nor the impact of taxes, the incurrence of which would have the effect of decreasing historical performance results.

Certain portions of Spectrum Financial’s web site (i.e. newsletters, articles, commentaries, etc.) may contain a discussion of, and/or provide access to, Spectrum Financial’s (and those of other investment and non-investment professionals) positions and/or recommendations as of a specific prior date. Due to various factors, including changing market conditions, such discussion may no longer be reflective of current position(s) and/or recommendation(s). Moreover, no client or prospective client should assume that any such discussion serves as the receipt of, or a substitute for, personalized advice from Spectrum Financial, or from any other investment professional. Spectrum Financial staff members are neither attorneys nor accountants, and no portion of the website content should be interpreted as legal, accounting or tax advice.

To the extent that any client or prospective client utilizes any economic calculator or similar device contained within or linked to Spectrum Financial’s web site, the client and/or prospective client acknowledges and understands that the information resulting from the use of any such calculator/device, is not, and should not be construed, in any manner whatsoever, as the receipt of, or a substitute for, personalized individual advice from Spectrum Financial, or from any other investment professional.

Spectrum Financial’s asset management programs generally involve above-average portfolio turnover, which could negatively impact upon the net after-tax gain experienced in taxable accounts.