Like most industries today, the financial services industry is rapidly being shaped by technology, which is literally changing the way we do business. To be successful in this environment, we must continue to ensure that our customers are confident that we will manage their financial affairs expertly and confidentially.
Klingman & Associates, LLC ("K&A") collects personal, private information from its clients in order to determine the client's specific investment goals and objectives, which will assist in determining how to adequately service the client account based on the services provided by K&A, as disclosed in K&A's Form ADV Part 2.
The safeguarding of customer information is an issue we take seriously, and we want to assure all of our customers that whenever information is collected and used, it is done so with discretion. To affirm our continuing commitment to the proper use of customer information, we have set forth the following Privacy Policy, which is designed to guide us in serving the privacy needs of our customers.
Use, Collection, and Retention of Customer Information: K&A limits the use, collection, and retention of customer information to what we believe is necessary or useful to conduct our business, provide quality service, and offer products, services, and other opportunities that may be of interest to our customers. Information collected may include, but is not limited to name, address, telephone number, tax identification number, date of birth, employment status, annual income, and net worth.
Maintenance of Accurate Information: K&A recognizes that it must maintain accurate customer records. The above referenced information is collected at the inception of your relationship with K&A. Thereafter, K&A will contact you periodically to ensure that personal/confidential information contained in your file is accurate. K&A also requests that you review any information provided to you related to your advisory account and notify K&A promptly on the discovery of erroneous information. K&A will respond to a comment/request to correct inaccurate information immediately.
Limiting Employee Access to Information: At K&A, employee access to personally identifiable customer information is limited to those employees that have a business reason to know such information. Employees are educated on the importance of maintaining the confidentiality of customer information and on this Privacy Policy.
Protection of Information via Established Security Procedures: K&A recognizes that a fundamental element of maintaining effective customer privacy procedures is to provide reasonable protection against the unauthorized access to customer information. Therefore, K&A has established appropriate security standards and procedures to guard against any unauthorized access to customer information.
Restrictions on the Disclosure of Customer Information: When it comes to sharing customer information with unaffiliated companies, K&A places strict limits on who receives specific information about customer accounts and other personally identifiable data. K&A may share information with such companies if they provide a product or service that may benefit our customers. Whenever we do this, we carefully review the company and the product or service to make sure that it provides value to our customers.
We share the minimum amount of information necessary for that company to offer its product or service. We may also share information with unaffiliated companies that assist us in providing our products and services to our customers; in the normal course of our business (for example, with consumer reporting agencies and government agencies); when legally required or permitted in connection with fraud investigations and litigation; in connection with acquisitions and sales; and at the request or with the permission of a customer.
Closed or Inactive Accounts: If you decide to close your account(s) or become an inactive customer, our Privacy Policy will continue to apply to you.
This Privacy Policy apply to individuals, and we reserve the right to change this Privacy Policy, and any of the elements or procedures described above, at any time. Under such circumstances, we will provide you with an updated set of our policies, and will provide adequate time for you to opt out of any information sharing arrangement. This Privacy Policy is for general guidance and does not constitute a contract or create legal rights and do not modify or amend any agreements we have with our customers.
