We here at Fama Fiduciary Wealth LLC take your privacy very seriously. We share a commitment to protect your privacy and the confidentiality of your personal and financial information.
As providers of products and services that involve compiling personal---and sometimes sensitive---information, protecting the confidentiality of that information has been, and will continue to be, a top priority throughout our organization. We believe that you should know about information we collect, the measures we take to safeguard it, and the situation in which we might share information with selected business partners.
The information we collect and the extent to which we use it will vary depending on the products or services involved. In fact, in certain cases, we may not collect or share some types of the information noted below. For example, in a number of cases our organization has an agreement with distributors or plan sponsors that limit the sharing of information about its clients with any other company. These agreements continue to be honored.
Our privacy promise stems from the basic principles of trust, ethics, and integrity.
1. We collect only the clients’ information necessary to consistently deliver responsive service.
Fama Fiduciary Wealth LLC collects information that helps to serve your financial needs, provide high standards of client service, develop and offer new services to our clients and potential clients, and to fulfill legal and regulatory requirements. The information collected generally varies depending on the services requested and may include:
Information provided on applications and related regulatory forms---for example, name, address, Social Security number, and annual income
Reports from your employer group plans, and benefit information
Third party reports, such as medical reports, doctors’ records, if relevant to a particular product or service
Information pertaining to your relationship with our firm such as products or services purchased, and account balances, which we may obtain in writing, during telephone or Internet transactions or from data gathering software used when you access our website.
2. We maintain safeguards to ensure information security.
We have implemented security standards and processes---including physical, electronic and procedural safeguards---to ensure that access to client information is limited to employees that may need this information to do their job. They are required to respect the confidentiality of all client information, and have signed agreements to do so.
3. We limit how, and with whom, we share client information
First and foremost, we do not sell lists of our clients, nor do we disclose client information to marketing companies. We will share client information only for the following reasons:
When you have agreed and completed an application to invest in specific product and/or service
We may be required by law or regulation to disclose information to third parties---for example, in response to a subpoena; to prevent fraud; and to comply with rules, or inquiries from industry regulators
To work with accountants, attorneys, bank officers, and similar individuals and/or companies on your behalf and only with your permission.
Furthermore, as permitted by federal and state laws, we may share and exchange information with companies engaged to work with us, such as:
Third party administrators and vendors hired to effect, administer or enforce a transaction you have requested or authorized, or to develop or maintain software
Other than what is described previously, we will not share information about you with third parties.
We uphold these privacy principles throughout our organization and with our business partners. Companies with which we share information are required to maintain the confidentiality of that information.
We will make our Privacy Promise policy available each year as long as you maintain an ongoing relationship with our company, Fama Fiduciary Wealth LLC.
In this notice of our Privacy Promise, the words “you” and “clients” are used to mean any individual who obtains or has obtained a service or financial investments from Fama Fiduciary Wealth LLC.