We are committed to safeguarding your confidential information because mutual trust is essential to a successful relationship. Your personal privacy is extremely important to you. To that end, below is our policy for handling your personal information. We welcome any questions or concerns you may have regarding your personal privacy.
Information we collect from you
We collect non-public information from you, our client, to assist us in giving you appropriate investment advice and in managing your investments. "Nonpublic personal information" is nonpublic information about you that we obtain in connection with providing a financial product or service to you for personal, family, or household purposes. It does not include information available from government records, widely distributed media, or government mandated disclosures. The categories of nonpublic information that we collect from you depends on the scope of your engagement. We collect nonpublic personal information about you from the following potential sources:
- Information received from you on applications or other various forms, such as your name, address, social security number, telephone number, assets, income, taxes, medical and health information to the extent that it is needed to determine suitability.
- Information about your transactions with us, our affiliates, custodians, or others, such as your account balance, investment cost, investment distributions, investment gain or loss, payment history, parties to transactions, account usage, and insurance policy coverage and premiums.
Third Parties With Whom We May Share Information
We do not disclose non-public, personal information about our clients or former clients to anyone else except as otherwise permitted or required by law. For example, we are permitted by law to share information about you with:
- Our registered representatives and their employees, if they introduced you to our firm, and our internal employees.
- Companies that may assist us in processing your transactions and servicing your account, such as mutual fund companies, insurance companies, our clearing firm Pershing, and any necessary third parties utilized by these entities.
- An accountant, tax preparer, or lawyer who is representing you.
- Federal and state regulators who regulate our firm.
We do not provide your personally identifiable information to direct marketers or independent solicitors (for other companies) for any purpose.
Disclosure of Information About Former Customers
While the securities industry considers you clients of USA Financial Securities®, we understand that a relationship exists between you and your financial adviser as a result of many meetings and personal, financial conversations. Accordingly, when and if your representative leaves USA Financial Securities®, we permit him or her to take your account information to his or her new broker-dealer in order to continue servicing your account. However, if you do not want us to allow your representative to take your personal, non-public information, you may contact us at (888)407)8198 and opt-out of this provision. If you have any questions regarding this provision, you may also contact us at the number above.
If you decide to close your account(s), we will continue to adhere to the privacy practices described in this policy, once you become a former client. You become a former client when your Client Services Agreement is terminated. We will maintain personally identifiable information about you during the time you are a client, and for any time thereafter that we are required to maintain the records by federal and state securities laws. After this required period of record retention, all of your information will be destroyed.
Our Security Policies and Practices
We take reasonable steps to assure the security of client information. We restrict access to nonpublic, personal information about you to those employees who have a business or professional reason for knowing, as permitted by law. We maintain an office and computer environment reasonable designed to help ensure that your information is not placed at unreasonable risk of disclosure or theft. We have designed reasonable physical, electronic, and procedural safeguards to help protect your nonpublic, personal information.
