December 2015 - Legacy Trust

By Legacy Trust

In Perspectives

Posted December 29, 2015

What Makes Us Happy . . .

It’s not what you think. The Harvard Study of Adult Development is the longest study of adult life that’s ever been done. It has tracked the lives of 724 men over 75 years and what the [...]

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By Legacy Trust

In News

Posted December 22, 2015

Act Quickly – Qualified Charitable Distributions Newly Approved for Tax Savings in 2015

On December 18, 2015 President Obama completed the federal government’s Christmas gift to U.S. tax payers by signing the Protecting Americans from Tax Hikes (PATH) Act of 2015. The PATH Act [...]

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By William Walker

In Perspectives

Posted December 22, 2015

Robo-Advisor Redux

Last year at this time, I wrote a short blog titled “The Robot will see you now!” The critical point I was trying to make is that while technology-centered robo-advisor platforms are likely to [...]

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By Randii Smith

In Perspectives

Posted December 21, 2015

Giving Back

We believe in giving back to our local community. As a business, we recognize we have a social responsibility to support non-profit organizations in West Michigan. Our contributions and volunteer [...]

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By Legacy Trust

In Perspectives

Posted December 15, 2015

Red Tape is a Good Thing … When It’s on the Corporate Trustee of Your Trust

Did you hear the story about the guy who was appointed the trustee of a woman’s trust and he totally took advantage of her and stole all her money? Or the one about the attorney who appointed [...]

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By William Walker

In News

Posted December 14, 2015

Carl Jandernoa Joins the Legacy Trust Board of Directors

Carl Jandernoa, vice president of 42 North Partners, has joined the board of directors for Legacy Trust and Legacy Trust Holding Company. Jandernoa brings more than 15 years of executive and [...]

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In Perspectives

Posted December 1, 2015

An Attitude of Gratitude

As the Thanksgiving holiday passes and we enter the Christmas season, I typically like to take time to reflect. I, for one, feel like I have much to be thankful for. This year brought a number [...]

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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.

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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