Pursuant to Regulation S-P adopted by the Securities and Exchange Commission, it is the policy of Resource Advisory Services to keep confidential nonpublic personal information (“information”) pertaining to each current and former client. This information includes records pertaining to personal background, investment objectives, financial situation, investment holdings, account numbers, account balances, and other facts related to clients and former clients.
The exceptions are (1) Resource Advisory Services may disclose information to the client’s other existing professional advisors and/or service providers (i.e., attorney, accountant, banker, insurance agent, broker-dealer, investment advisor, account custodian, etc.); (2) Resource Advisory Services is specifically required to do so by judicial or regulatory process; or (3) Resource Advisory Services may otherwise be permitted to do so in accordance with the parameters of Regulation S-P.
The disclosure of information contained in any document completed by the client for processing and/or transmittal by Resource Advisory Services in order to facilitate a business relationship between the client and a nonaffiliated third party service provider (i.e., broker-dealer, banker, account custodian, insurance company, etc.) is deemed as having been automatically authorized by the client with respect to the nonaffiliated third party service provider. This information may be contained in any document completed and/or executed by the client for Resource Advisory Services (i.e., advisory agreement, application, client information form, etc.).
Keeping the information of our clients confidential is extremely important. We attempt to use our best judgment in the ways we use this information. Regulation S-P came about because many firms often sell financial information about their customers. Consumers have a right to know whether their information might be passed along. Of course, Resource Advisory Services does not sell nonpublic personal information. We do facilitate the flow of information. When we are working on behalf of our client, in our client’s best interest, we may give our clients’ information to other professionals when the information is needed to facilitate the work for our clients. “In the best interest of our client” is the guiding principle for Resource Advisory Services.