Our Privacy Policy

 

Facts

What does McDermott Advisory Group, LLC (“MAG”) do with your personal information?

Why?

Financial companies choose how they share your personal information.  Federal law gives consumers the right to limit some but not all sharing.  Federal law also requires us to tell you how we collect, share, and protect your personal information.  Please read this notice carefully to understand what we do.

What?

The types of personal information we collect and share depend on the product or service you have with us.  This information can include:

  • Social Security Number
  • Income information
  • Account balances
  • Payment history
  • Transaction history
  • Transaction or loss history
  • Assets
  • Investment experience
  • Medical information
  • Account transactions
  • Risk tolerance
  • Mortgage rates and payments
  • Retirement assets
  • Employment information
  • Wire transfer instructions

When you are no longer our customer, we continue to share your information as described in this notice.

How?

All financial companies need to share customers’ personal information to run their everyday business.  In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons MAG chooses to share such information; and whether you can limit this sharing.

 

Reasons we can share your personal information

Does MAG share?

Can you limit this sharing?

For our everyday business purposes-

such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus

Yes

No

For our marketing purposes-

to offer our products and services to you

No

We do not share.

For joint marketing with other financial companies

No

We do not share.

For our affiliates’ everyday business purposes-information about your transactions and experiences

No

We do not share.

For our affiliates’ everyday business purposes –information about your creditworthiness

No

We do not share.

For nonaffiliates to market to you-

No

We do not share.

 

 

What we do

How does MAG protect my personal information?

To protect your personal information from unauthorized access and use, we use security measures that comply with federal law.  These measures include computer safeguards and secured files and buildings.

 

How does MAG collect my personal information?

We collect your personal information, for example, when you

  • Open an account
  • Seek financial or tax advice
  • Apply for insurance
  • Pay insurance premiums
  • Seek advice about your investments
  • Direct us to buy securities
  • Direct us to sell your securities
  • Make deposits or withdrawals from your account
  • Enter into an investment advisory contract
  • Give us your income information
  • Provide employment information
  • Give us your employment history
  • Tell us about your investment or retirement portfolio
  • Tell us about your investment or retirement earnings
  • Provide account information
  • Give us your contact information
  • Pay us by check
  • Give us your wage statements
  • Provide your mortgage information
  • Make a wire transfer
  • Tell us where to send the money
  • Show your government issued ID
  • Show your driver’s license

We also collect your personal information from other companies.

Why can’t I limit all sharing?

Federal law gives you the right to limit only

  • Sharing for affiliates’ everyday business purposes – information about your creditworthiness
  • Affiliates from using your information to market to you
  • Sharing for nonaffiliates to market to you

State laws and individual companies may give you additional rights to limit sharing.  See below for more on your rights under state law.

Definitions

Affiliates

Companies related by common ownership or control.  They can be financial and nonfinancial companies.

  • MAG has no affiliates.

Nonaffiliates

Companies not related by common ownership or control.  They can be financial and nonfinancial companies.

  • Nonaffiliates we share with can include mortgage companies and insurance companies.

Joint Marketing

A formal agreement between nonaffiliated financial companies that together market financial products or services to you.

  • MAG does not jointly market.

 

Questions?

Call 302-778-5677