The Securities and Exchange Commission has implemented Regulation S-P, which relates to the privacy of consumer financial information. Regulation S-P and the Gramm-Leach-Bliley Act limit investment companies, broker-dealers and registered investment advisers in their disclosure of consumer’s and customer’s nonpublic personal information.
We respect every individual’s right to privacy. We understand the importance you place on the privacy and security of information that personally identifies you or your account information. Presidential Brokerage, Inc., is Committed to Protecting Your Privacy.
Why and How We Collect Personal Information
At Presidential Wealth Management our first step in helping clients develop a lifetime income plan is to help them understand their available Social Security benefits—and help structure those benefits in the most beneficial manner for themselves and their families.
There is a common misconception about Social Security—that somehow it is lower wage earners who have the greatest interest in them. While it is true that low wage earners may rely more heavily on income from Social Security, it is the affluent who have the more complex decisions to make: What age to file, how to manage “File & Suspend,” how Social Security income will impact your tax situation, and how to capture spousal benefits.
We Protect the Confidentiality of Your Personal Information in the Following Manner:
We do not sell personal information to anyone.
We disclose personal information only as required by law or with your permission.
We disclose or report personal information in limited circumstances where we believe in good faith that disclosure is required under law, to cooperate with regulators or law enforcement authorities, or to protect our rights or property.
We use personal information in ways that are compatible with the purposes for which we originally requested it. For example, we will use the information you give us to process your requests and transactions, to provide you with additional information about products and services, or to evaluate your financial needs. To do so, we may share personal information with an agent or affiliate.
We limit the collection and use of personal information to what is necessary to administer our business and to deliver services to you. This may include advising you about our products or services.
When We Share Your Personal Information With Our Affiliates
In order for us to provide investment recommendations to you, we may disclose your personal information in very limited instances which include:
Disclosures to companies as permitted by law, including those necessary to service your account, such as providing account information to our fully disclosed clearing firm and/or and custodians
Disclosures to companies that perform services on our behalf, such as mailings pertaining to products and servicesPresidential Brokerage, Inc., is a fully disclosed correspondent firm of First Clearing Corp.(FCC), a division of Wells Fargo, FCC conducts numerous functions for Presidential Brokerage, Inc., including securities transactions, record keeping, receipt of and disbursements of funds, generation and distribution of account statements, and acts as custodian for all securities held in street name. FCC maintains very strict privacy guidelines and your personal information is protected in this relationship through a strict confidentiality agreement.
How We Protect Your Personal Information That We Share With Our Affiliates
Updating Your Personal Information
We will give you reasonable access to the information we have about you. Most of this information is contained in account statements that you receive and applications that you submit to obtain our products and services. The accuracy of your personal information is important. We encourage you to review this information and notify us of needed updates and/or changes. Please call us at 800-230-1288.