Summit Capital Group LLC., dba Summit Wealth Management (“Company“, “SWM“, or “we“) respect your privacy and are committed to protecting it through our compliance with this policy.
In November of 1999, Congress enacted the Gramm-Leach-Bliley Act (GLBA). The GLBA requires certain financial institutions, such as investment advisor firms, to protect the privacy of client information. In situations where a financial institution does disclose client information to nonaffiliated third parties, other than permitted or required by law, clients must be given the opportunity to opt out or prevent such disclosure. Summit Capital Group does not share or disclose client information to nonaffiliated third parties except as permitted or required by law.
Summit Capital Group is committed to safeguarding the confidential information of its clients. Summit Capital Group holds all personal information provided by clients in the strictest confidence and it is the objective of Summit Capital Group to protect the privacy of all clients. Except as permitted or required by law, Summit Capital Group does not share confidential information about clients with nonaffiliated parties. In the event that there were to be a change in this policy, Summit Capital Group will provide clients with written notice and clients will be provided an opportunity to direct Summit Capital Group as to whether such disclosure is permissible.
To conduct regular business, Summit Capital Group may collect personal information from sources such as:
- Information reported by the client on applications or other forms the client provides to Summit Capital Group
- Information about the client’s transactions implemented by Summit Capital Group or others
- Information developed as part of financial plans, analyses or investment advisory services
To administer and provide related services for client accounts, it is necessary for Summit Capital Group to provide access to client information within the firm and to nonaffiliated companies with whom Summit Capital Group has entered into agreements with. To provide the utmost service, Summit Capital Group may disclose the information below regarding clients and former clients as necessary, to companies to perform certain services on Summit Capital Group’s behalf.
- Information Summit Capital Group receives from the client on applications (name, social security number, address, assets, etc.)
- Information about the client’s transactions with Summit Capital Group or others (account information, payment history, parties to transactions, etc.)
- Information concerning investment advisory account transactions
- Information about a client’s financial products and services transaction with Summit Capital Group
Since Summit Capital Group shares nonpublic information solely to service client accounts, Summit Capital Group does not disclose any nonpublic personal information about Summit Capital Group’ clients or former clients to anyone, except as permitted by law. However, Summit Capital Group may also provide client information outside of the firm as required by law, such as to government entities, consumer reporting agencies or other third parties in response to subpoenas. In the event that Summit Capital Group has a change to its client privacy policy that would allow it to disclose non-public information not covered under applicable law, Summit Capital Group will allow its clients the opportunity to opt out of such disclosure.
