Customer Privacy Policy Notice

Effective September 15, 2022

Commitment to Your Private Information

PW Energy has developed a policy of protecting the confidentiality and security of the information we collect about our clients. We do not and will not share nonpublic personal information about you (“Information”) with unaffiliated third parties without your consent, except for the specific purposes described below. This notice has been provided to you to describe the Information we may gather and the situations under which we may need to share it. 

Why We Collect and How We Use Information 

We limit the collection and use to companies or individuals associated or employed with us that must have information to provide financial services to you. Such services include maintaining your accounts, processing transaction requests, providing financial planning, financial advisory, and other services described in our Form ADV. 

How We Gather Information 

We get most Information directly from you when you provide us with information from any of the following sources: 

  • Applications or forms (for example: name, address, social security number, birth date, assets, income, financial history) 
  • Transactional activity in your account (for example: trading history and account balances)
  • Information services and consumer reporting sources (for example: to verify your identity or to assess your credit history)
  • Other sources with your consent (for example: your insurance professional, attorney, or accountant) 

How We Protect Information 

Our employees and affiliated persons are required to protect the confidentiality of Information and to comply with our stated policies. They may access Information only when there is an acceptable reason to do so, such as to service your account or provide you with financial services. Employees who violate our Privacy Policy are subject to disciplinary action, up to and including termination from employment with us. We also maintain physical, electronic, and procedural safeguards to protect information, which comply with applicable SEC, state, and federal laws. 

What Information Do We Collect From You? 
Driver’s license number
Date of birth
Social security or taxpayer identification number
Assets and liabilities
Name, address and phone number(s)
Income and expenses
E-mail address(es)
Investment activity
Account information (including other institutions)
Investment experience and goals
What Information Do We Collect From Other Sources?
Custody, brokerage and advisory agreements
Account applications and forms
Other advisory agreements and legal documents
Investment questionnaires and suitability documents
Transactional information with us or others
Other information needed to service account(s)

How Do We Protect Your Information?

To safeguard your personal information from unauthorized access and use we maintain physical, procedural and electronic security measures. These include such safeguards as secure passwords, encrypted file storage and a secure office environment. Our technology vendors provide security and access control over personal information and have policies over the transmission of data. Our associates are trained on their responsibilities to protect Client’s personal information. We require third parties that assist in providing our services to you to protect the personal information they receive from us.

How Do We Share Your Information?

The firm shares Client personal information to effectively implement its services. In the section below, we list some reasons we may share your personal information. 

Sharing Information with Other Companies Permitted Under Law

We do not disclose Information obtained in the course of our practice except as required or permitted under law. Permitted disclosures include, for instance, providing information to unrelated third parties who need to know such Information in order to assist us with providing services to you. Unrelated third parties may include broker/dealers, unaffiliated third-party investment advisors, mutual fund companies, insurance companies, and the custodian with whom your assets are held. In such situations, we stress the confidential nature of information being shared.

Changes To Our Privacy Policy 

We will send you a copy of this Policy annually for as long as you maintain an ongoing relationship with us. Periodically we may revise this Policy and will provide you with a revised policy if the changes materially alter the previous Privacy Policy. We will not, however, revise our Privacy Policy to permit the sharing of non-public personal information other than as described in this notice unless we first notify you and provide you with an opportunity to prevent the information sharing.

For Sharing Do We Share? Can You Limit?

Servicing our Clients

We may share non-public personal information with non-affiliated third parties (such as administrators, brokers, custodians, regulators, credit agencies, consultants other financial institutions) as necessary for us to provide agreed upon services to you, consistent with applicable law, including but not limited to: processing transactions; general account maintenance; responding to regulators or legal investigations; and credit reporting.
Yes
No

Marketing Purposes

The firm does not disclose, and does not intend to disclose, personal information with non-affiliated third parties to offer you services. Certain laws may give us the right to share your personal information with financial institutions where you are a customer and where Private Wealth Asset Management or the client has a formal agreement with the financial institution. We will only share information for purposes of servicing your account(s), not for marketing purposes.
No
Not Shared

Authorized Users

Your non-public personal information may be disclosed to you and persons that we believe to be your authorized agent(s), advisor(s) or representative(s).
Yes
Yes

Information About Former Clients

The firm does not disclose and does not intend to disclose, non-public personal information to non-affiliated third parties with respect to persons who are no longer our Clients.
No
Not Shared

Former Customers

Even if we cease to provide you with financial products or services, our Privacy Policy will continue to apply to you and we will continue to treat your nonpublic information with strict confidentiality. 

Any Questions? 

You may obtain a copy of our current Privacy Policy or ask question by contacting Julie Wagner at 515-328-8871 or email Juliew@privatewealth.com.