PRIVACY POLICY AND DISCLOSURE

The officers, representatives, agents and associates (hereinafter “Associates”) of The Financial Advantage Group, LLC (hereinafter “Advisor”) are concerned about and respect the privacy of clients’ personal financial information.  Advisor appreciates the trust clients place in it when they ask Advisor to help accumulate and/or protect their assets.  Advisor understands that its clients furnish private information to Advisor’s associates in the course of daily business and is committed to treating all such information responsibly.  Advisor knows that its clients expect privacy and security for their personal and financial affairs.

 

Advisor will take steps to safeguard information that has been entrusted to it.  Advisor never sells client information to anyone.  When Advisor does use client information, it is to help Advisor serve clients better.  Client information helps Advisor appreciate the business customers have with it, and allows Advisor to identify affordable products and services that might serve clients better.  The following Privacy Policy and Disclosure outlines Advisor’s practices regarding personally identifiable financial information (or non-public personal information) for clients, those who may become clients and former clients.

 

Advisor is committed to safeguarding the confidential information of its clients.  Advisor holds all personal information provided to the firm in the strictest confidence.  Advisor’s representatives and/or agents may also be registered representatives of Securities Service Network, Inc. (SSN), a registered broker/dealer that is not affiliated with the firm.  Advisor may also have relationships with other non-a2ffiliated investment advisors, insurance companies, trust companies, custodians and other financial institution entities.  Except as required or permitted by law, Advisor does not share confidential information about clients with non-affiliated third parties.  In the unlikely event there were to be a change in this fundamental policy that would permit additional disclosures of clients’ confidential information, Advisor will provide written notice to clients and they will be given an opportunity to direct whether such disclosure is permissible.

 

To learn more about how Advisor collects and uses clients’ personal information, please read the following notice.

 

AN IMPORTANT NOTICE CONCERNING CLIENTS’ PRIVACY

 

Customer Information Advisor Collects.  Advisor collects and develops personal information about clients, and some of that information is non-public personal information ("Customer Information").  The essential purpose for collecting Customer Information is to provide and service the financial products and services clients obtain from the firm.  The categories of Customer Information collected by Advisor depend upon the scope of the engagement with it and are generally described below.  Advisor collects and develops Customer Information about clients in order to provide investment advisory services.  Customer Information collected includes:

 

 

Data Security.  Advisor restricts access to Customer Information to those associates who need the information to perform their job responsibilities within the firm.  Advisor maintains agreements, as well as physical, electronic and procedural securities measures that comply with federal regulations to safeguard Customer Information about clients.  Advisor reminds employees regularly of their obligations in using client information and the disregard of these obligations will result in disciplinary actions, including termination in appropriate cases.

 

Use and Disclosure of Customer Information to Provide Services for Client Accounts.  To administer, manage and service customer accounts, process transactions and provide related services for client accounts, it is necessary for Advisor to provide access to Customer Information within the firm and to non-affiliated companies such as SSN, Financial Advantage Tax Services, other investment advisors, other broker/dealers, trust companies, custodians and insurance companies.  Advisor may also provide Customer Information outside of the firm as permitted by law, such as to government entities, consumer reporting agencies, if requested by client in writing, or to other third parties in response to subpoenas or clients’ written request.

 

Former Clients.  If clients close an account with the firm, Advisor will continue to operate in accordance with the principles stated in the Notice.

Requirements of Federal Law.  In November of 1999, Congress enacted the Gramm-Leach-Bliley Act ("GLBA").  The GLBA requires certain financial institutions, including broker/dealers, investment advisors and others to protect the privacy of Customer Information.  To the extent a financial institution discloses Customer Information to non-affiliated third parties, other than as permitted or required by law, clients must be given the opportunity and means to opt out (or prevent) such disclosure.  Please note that Advisor does not disclose Customer Information to non-affiliated third parties except as permitted or required by law (e.g., disclosures to service client’s account or to respond to subpoenas).