Fiduciary accounts managed by Expedition Trust are not bank deposits, and not insured by the Federal Deposit Insurance Corporation or any other governmental agency or authority, and are subject to risk of loss, including loss of principal.
SCOPE OF POLICY
This Policy applies to our relationships with clients who inquire about or obtain products or services from us for personal, family, and household purposes.
We respect the privacy of our business clients, and will take steps necessary to protect their information.
We will separately follow all of our policies and procedures to assure that we meet all fiduciary obligations with respect to the privacy of our clients’ information entrusted to us.
STRICT SECURITY MEASURES
We will establish security standards to prevent unauthorized access to client information. We will maintain physical, electronic, and procedural safeguards to guard client information.
LIMITED EMPLOYEE ACCESS
We will limit employee access to information to only those employees with a business reason for accessing such information. We will educate our employees about the importance of confidentiality and client privacy. We will take appropriate disciplinary measures to enforce employee responsibilities regarding client information.
COLLECTION OF INFORMATION
We collect information about clients to:
- Accurately identify them and their sources of funds/wealth as required by law;
- Protect and administer their records, accounts and funds;
- Understand their financial needs;
- Comply with certain laws and regulations.
SOURCES OF INFORMATION
The types and categories of information that we will collect and maintain include:
Information we receive from clients before accepting the client or to open an account or provide investment advice or other services (such as the client’s home address, social security number, telephone, financial information and investment objectives).
Information that we generate to service the client’s account or from our transactions with the client (such as account statements and other financial information).
Information on the client’s transactions with nonaffiliated third parties.
We will attempt to reasonably insure the financial information we collect is accurate, current and complete. We promptly correct any inaccurate information.
Expedition Trust shall provide written notice to all new clients subject to the gathering and verification of information. The notice will be provided either as part of the new account opening form or as a separate notice or in the Letter of Engagement.
SELECTIVE SHARING OF INFORMATION
Expedition Trust may share information with any affiliated party, as well as with unaffiliated third parties external to us only in the limited circumstances as described in this Policy, other agreements with the Clients including the engagement agreement or any agreements with investment advisors or distribution advisors or trust protectors as appointed by the client or the governing instrument, and any applicable Administrative Services Agreement or other agreements wherein such sharing is authorized by the client.
In order for us to provide services to our clients, we will disclose our clients’ personal information in very limited instances, which will include:
Disclosures to nonaffiliated companies as permitted by law, including those who help us service client accounts (such as providing account information to investment advisors, brokers, custodians and banks).
Other limited disclosures as permitted by law, for example, required reports to government entities.
We will not share clients’ nonpublic personal information with third parties for marketing purposes. We will not sell client information
If or when a client ends a relationship with Expedition Trust we will continue to adhere to this policy.