Front desk

Privacy Policy

Parsons Capital Management, Inc. is committed to maintaining the confidentiality, integrity and security of personal information about our current, prospective and former clients. We consider privacy to be fundamental to our relationships with clients. This policy describes the steps we have taken to safeguard your information and what client information we may share with others.

Information We Collect and Maintain

We collect the following types of personal information about you:

  • Information we receive from you to open an account or provide investment advice to you (such as your home address, telephone number, Social Security or Taxpayer Identification Number, e-mail address, age, marital status, and financial information);
  • Information that we generate to service your account (such as confirmations and account statements); or
  • Information that we may receive from third parties with respect to your account relationship, i.e. from accountants, attorneys, etc.

Information We Disclose

We will not disclose any Non-public Personal Information about you or your account(s) to anyone unless one of the following conditions is met:

  • We receive your prior consent;
  • The recipient is your authorized representative;
  • We disclose your Non-public Personal Information as necessary to effect or process a transaction in any account, or to maintain or service your account(s);
  • We are required by law to disclose information to the recipient.

In all such situations, we stress the confidential nature of information being shared.

We may share your personal information with:

  • Non-affiliated companies that provide processing, account maintenance and related services in connection with your investments and other transactions handled by us (i.e. Charles Schwab or Fidelity acting as custodian); and
  • Non-affiliated companies and government agencies only to the extent permitted or required by law, for legal, regulatory or other purposes (for example, for tax purposes or for reporting suspicious transactions).

How We Protect Personal Information

We maintain the confidentiality, security and integrity of your Non-public Personal Information by:

  • Restricting access to your Non-public Personal Information to those employees with a legitimate need for the information; and
  • Maintaining physical electronic and procedural safeguards that meet or exceed federal and industry standards governing how Non-public Personal Information should be stored.

We have not and will not sell your personal information to anyone, even if our formal client relationship ends.

Opting Out

As stated, Parsons Capital Management does not share your Non-public Personal Information with any non-affiliated companies that are not directly involved in the account processing, maintenance or related services. Therefore, it would be unnecessary to offer you an “opt out” from our policy. If at any time in the future we contemplate using your Non-public Personal Information (i.e. internal marketing purposes) we will offer you an “opt out” form.

Privacy Policy Update

From time to time, we may amend our privacy policy. You will receive appropriate notice when our privacy policy changes.

How to Contact us with Privacy Questions

Our relationship with you is one of our most vital assets. We recognize that you have entrusted us with your private financial information, and we will do our utmost to maintain this trust. For additional questions concerning our privacy policy, please contact us by phone at 401-521-2440.

Reviewed 04/2024