In Perspectives

What is phishing? 
Phishing is the act of sending an e-mail to a user falsely claiming to be a legitimate enterprise in an attempt to scam the user into surrendering private information that could be used for identity theft.

According to the Federal Trade Commission, phishers send e-mails or pop-up messages that claim to be from a business or organization, for example, an Internet Service Provider, a bank, an online payment service or even a government agency.  The message may ask you to update, validate or confirm your account information.  Some phishing emails even threaten dire consequences if you don’t respond.  The messages often direct you to a Website that appears to be a legitimate organization’s site – However, it is not.  It is a bogus site, whose sole purpose is to catch you off guard and to trick you into divulging your personal information, so operators can steal your identity and run up bills or commit crimes in your name.

According to the APWG (Anti-Phishing Work Group), in the first quarter of 2014, there were a reported 125,125 observed phishing attacks.  The group reported that the number and diversity of targets continues to increase especially in the United States.

Remember these tips:
If you get an e-mail or a pop-up message that asks for personal or financial information, do not reply or click on any links in the message.  Legitimate companies do not ask for this information via e-mail.  If you are concerned about your account, contact the organization in the e-mail by using a telephone number you know or open a new Internet browser session and type in the company’s correct Web address yourself.  DO NOT cut and paste the link from the message into your Internet browser – phishers can make links look real, but it actually sends you to a different site.

Use anti-virus software and a firewall and keep them up-to-date.  Some phishing e-mails contain software that can harm your computer or track your activities on the Internet without your knowledge.

What if you believe you’ve been a victim of a scam?
File a complaint at, and then visit the FTC’s Identity Theft Website at

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.


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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Do not send sensitive information over email. If you need to communicate sensitive information, please call us at 616.454.2852


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