In November of 1999, Congress enacted the Gramm-Leach-Bliley Act (GLBA). The GLBA requires certain financial institutions, such as investment advisor firms, to protect the privacy of customer information. In situations where a financial institution does disclose customer information to nonaffiliated third parties, other than permitted or required by law, customers must be given the opportunity to opt out or prevent such disclosure. Oaktree Wealth Group, LLC (“Oaktree Wealth Group”) does not share or disclose customer information to nonaffiliated third parties except as permitted or required by law.

Oaktree Wealth Group is committed to safeguarding the confidential information of its clients. Oaktree Wealth Group holds all personal information provided by clients in the strictest confidence and it is the objective of Oaktree Wealth Group to protect the privacy of all clients. Except as permitted or required by law, Oaktree Wealth Group does not share confidential information about clients with nonaffiliated parties. In the event that there were to be a change in this policy, Oaktree Wealth Group will provide clients with written notice and clients will be provided an opportunity to direct Oaktree Wealth Group as to whether such disclosure is permissible.

To conduct regular business, Oaktree Wealth Group may collect personal information from sources such as:

  • Information reported by the client on applications or other forms the client provides to Oaktree Wealth Group

  • Information about the client’s transactions implemented by Oaktree Wealth Group or others

  • Information developed as part of financial plans, analyses or investment advisory services

    To administer, manage, service, and provide related services for client accounts, it is necessary for Oaktree Wealth Group to provide access to customer information within the firm and to nonaffiliated companies with whom Oaktree Wealth Group has entered into agreements with. To provide the utmost service, Oaktree Wealth Group may disclose the information below regarding customers and former customers, as necessary, to companies to perform certain services on Oaktree Wealth Group’s behalf.

  • Information Oaktree Wealth Group receives from the client on applications (name, social security number, address, assets, etc.)

  • Information about the client’s transactions with Oaktree Wealth Group or others (account information, payment history, parties to transactions, etc.)

  • Information concerning investment advisory account transactions

  • Information about a client’s financial products and services transaction with Oaktree Wealth Group

    Since Oaktree Wealth Group shares nonpublic information solely to service client accounts, Oaktree Wealth Group does not disclose any nonpublic personal information about Oaktree Wealth Group’s customers or former customers to anyone, except as permitted by law. However, Oaktree Wealth Group may also provide customer information outside of the firm as required by law, such as to government entities, consumer reporting agencies or other third parties in response to subpoenas. In the event that Oaktree Wealth Group has a change to its customer privacy policy that would allow it to disclose non- public information not covered under applicable law, Oaktree Wealth Group will allow its clients the opportunity to opt out of such disclosure.