In Perspectives

I have found in my life that working together to achieve a common goal provides a much better outcome than trying to figure everything out on my own. This same principle has carried over to my experience in the wealth management industry, specifically in providing service to clients. During my time in the industry, I have seen the results from both perspectives, the use of a sound client advisor team and the ‘one man show’. The team approach has proven to be a winning strategy by blending a unique group of people (attorneys, accountants, financial advisors) with varying skill sets to reach a common goal. The ‘one man show’ approach typically does not provide the best planning opportunities for various reasons, such as a lack of knowledge in all areas, and a shortage of time to accomplish all that needs to be done. I can attest to the fact that it is difficult for a single person to be an expert in all subject matter necessary to provide for client needs. Currently I am studying for the Certified Financial Planner exam, which provides a broad base of knowledge on all subjects related to the financial planning process. As I study, I am becoming more and more aware of just how much information there is on the various financial topics and how it is an impossible task to be an expert in all areas.

While some client advisors may not want to work with those who they may view as a competitor, the goal of helping clients achieve their financial objective must be the top priority. In most cases, advisors find that the initial assumed threat of working with an attorney or accountant is not really a threat at all; they find it can be mutually beneficial to all parties involved. At Legacy Trust, we have experienced professionals with unique skill sets and backgrounds, eager to help our clients reach their financial objectives; we proactively look for opportunities to work with other client advisors to achieve those goals. Wealth management should be objective, collaborative, and client-focused.

Legacy Trust and Your Right to Financial Privacy

At Legacy Trust we have established policies and practices that respect the financial privacy of all individuals who use our trust company. We believe it is critical to comply with the laws and regulations designed to secure your financial privacy. Your relationship with us as our client is very important to us, and we want you to understand our policies and practices about handling your information.

This Policy applies to you – This Policy applies to our relationships with individual clients who inquire about or obtain products or services from us for personal, family and household purposes.

Strict security measures – We take the security of information very seriously. We have established security standards and procedures to prevent access to client information. We maintain physical, electronic and procedural safeguards to guard client information.

Limited employee access – We have established procedures to limit employee access to information to only those employees with a business reason for accessing such information. We educate our employees about the importance of confidentiality and client privacy. We take appropriate disciplinary measures to enforce employee responsibilities regarding client information.

Why we collect information – We collect information about you to:

  • accurately identify you;
  • protect and administer your records, accounts and funds;
  • help us design or improve our products and services;
  • understand your financial needs;
  • save you time when you apply for new products and services; offer you quality products and services; and comply with certain laws and regulations;

We collect information – We collect and maintain your personal information so that we can provide investment management and other services to you. The types and categories of information that we collect and maintain about you include:

  • Information we receive from you to open an account or provide investment advice or other services to you (such as your home address, social security number, telephone, financial information and investment objectives).
  • Information that we generate to service your account or from our transactions with you (such as account statements and other financial information).
  • Information on your transactions with nonaffiliated third parties.

We have established procedures so that the financial information we collect is accurate, current and complete. We are committed to work with you to promptly correct any inaccurate information.

Our selective sharing of information – In order for us to provide investment management and other services to you, we do disclose your personal information in very limited instances, which include:

  • Disclosures to nonaffiliated companies as permitted by law, including those who help us service your account (such as providing account information to brokers and custodians).
  • Other limited disclosures as permitted by law, for example, required reports to government entities.

We do not share your information with third parties for marketing purposes. We do not sell your information.

Former clients – If you end your relationship with us, we will continue to adhere to the privacy policies and practices described in this notice.

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USA PATRIOT Act

Important Information About Procedures For Opening A New Account

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.

What this means for you: When you open an account, we will ask for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

We apologize for any inconvenience this may cause; however, federal law prohibits us from waiving these requirements.

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