This notice is being provided to you in accordance with the Securities and Exchange Commission’s rule regarding the privacy of consumer financial information (“Regulation S-P”). Please take the time to read and understand the privacy policies and procedures that we have implemented to safeguard your nonpublic personal information.
INFORMATION WE COLLECT
Wellington Consulting Services, Inc. and Wellington Retirement Solutions, Inc. (WCS/WRS) must collect certain personally identifiable financial information about it's customers to ensure that it offers the highest quality financial services and products. The personally identifiable financial information that we gather during the normal course of doing business with you may include:
INFORMATION WE DISCLOSE
We do not disclose any nonpublic personal information about our customers or former customers to anyone, except as permitted by law. In accordance with Section 248.13 of Regulation S-P, we may disclose all of the information we collect, as described above, to certain nonaffiliated third parties such as attorneys, accountants, separate account managers and persons or entities that are assessing our compliance with industry standards. We may also share certain information from time-to-time with other entities that are also engaged in financial services (e.g., Charles Schwab & Co., Inc.). Sharing such information among these firms enables us to maximize the services we can offer; creating, in effect, a financial services supermarket with a wide range of products under one roof. We enter into contractual agreements with all nonaffiliated third parties that prohibit such third parties from disclosing or using the information other than to carry out the purposes for which we disclose the information.
We do not provide or disclose any nonpublic information to non-affiliated third parties for marketing purposes. We also do not sell or share lists of active or inactive customers.
CONFIDENTIALITY AND SECURITY
We restrict access to nonpublic personal information about you to those employees who need to know that information to provide financial products or services to you. We maintain physical, electronic, and procedural safeguards that comply with federal standards to guard your nonpublic personal information.
The information that is provided on WCS/WRS web pages has been compiled to the best of our ability. However, the authors of these documents make no warranty of any kind, expressed or implied, and will not be held responsible, or liable for errors, or omissions resulting in any loss or damage caused or alleged to be caused, directly, or indirectly, by information contained in our publications.
Links to other web sites are provided as general information sources for use of visitors to our site. WCS/WRS has not formally evaluated the information provided via these sites and inclusion of these links does not constitute an endorsement of any organization. The links provided are maintained by their respective organizations and they are solely responsible for their content. Trademarks are the property of their respective owners
Wellington Consulting Services, Inc. is a U.S. Securities and Exchange Commission (SEC) Registered Investment Advisor (RIA). WCS and it's Principals are in compliance with the current registration and/or notice filing requirements imposed upon SEC-registered investment advisers by those states in which WCS maintains clients. WCSS may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. Further written detailed disclosure information contained in Form ADV Part I and II is available upon written request.
Any references made to investment or portfolio performance are based on historical data and past performance should never be viewed as a guarantee of future results. In addition, WCS does not make any representations or warranties as to the accuracy, completeness, or relevance of any information prepared by any unaffiliated third party provider, whether linked to WCS's web site or incorporated herein. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.
Protecting Clients Privacy
Gramm-Leach-Bliley (GLB) Act
Disclosure of Nonpublic, Personal Information
Congress passed legislation in 2000 to modernize the laws governing the financial services industry. Included were several provisions to enhance the customer privacy protections that have been the hallmarks of securities firms, banks and insurance companies.
All financial institutions, including WCS/WRS must clearly, conspicuously and annually disclose their policies for collecting and sharing nonpublic, personal information. Specifically, these policies must disclose:
· The categories of nonpublic, personal information that are collected;
· The kinds of nonpublic, personal information disclosed to affiliates and third parties, and the categories of persons who receive such information;
· How nonpublic, personal information of former customers is shared; and
· Procedures to protect the security and confidentiality of nonpublic, personal information.
Collection of Information
WCS/WRS collects information from you in accordance with industry standards and regulatory requirements. The categories of nonpublic personal information that we collect from a client depend upon the scope of the client engagement. Such information usually includes your name, how you want your account established, your address, social security number, telephone number, employer information, tax bracket and related information, income and net worth figures, including detail of your investments and other assets, your investment history, investment objectives, risk preferences, marital status and other personal information. Without such information, we could not work with you.
We obtain this information from you from your initial advisory agreement or account application, investment statements, tax returns, questionnaires and other background material. Most of this information is transferred into our computer system.
Disclosure of Information
The information in our computers and our files is available to all WCS/WRS employees, each of whom has signed a confidentiality agreement with the firm. We may also share certain information from time-to-time with other entities that are also engaged in financial services (e.g., Charles Schwab & Co., Inc.). Sharing such information among these firms enables us to maximize the services we can offer creating, in effect, a consolidated package of services with a wide range of products under one roof. We may also from time to time share information about you with certain unaffiliated third parties with whom we must interact in order to conduct business on your behalf. These third parties may include the custodians of assets held in your account(s), separate account money managers, lawyers or accountants. We would, in virtually ever instance, solicit your approval before disclosing personal information to such third parties. Federal and state regulators also may review our firm records as permitted under law.
We do not provide your personally identifiable information to mailing list vendors or solicitors for any purpose.
The new laws require that we give you the means to prevent the transfer of any nonpublic, personal information to a non-affiliated third party before the information is disclosed. By so doing, you would also be able to prevent such third parties from re-disclosing such information.
Your right to "opt-out" from our disclosure of your nonpublic, personal information does not apply where such information must be shared to produce a consolidated statement, to complete a transaction, or to service your account. Your right to "opt-out" also does not apply to information which we may disclose to market our own products and services, as well as the products and services which we may offer through joint agreements with other financial institutions.
Please contact us at 703-802-2300 to request a form by which you may exercise your option to "opt-out" from our disclosure of your nonpublic, personal information (with the exceptions noted above).
Security and Confidentiality Safeguards
At WCS/WRS, we have established strong measures to ensure the security and confidentiality of customer information. Our computer database has security measures to protect against threats or hazards to the security and/or integrity of customer records, and protect against unauthorized access to records that may harm or inconvenience our customers.
If you discontinue using WCS/WRS's services, we retire your account information. We consider your account closed once your last account position has been transferred away from us. From that closure date, we maintain your records for at least three years (but generally no more than six years).
WCS/WRS's Principal have a long-established tradition of discretion and respect for our clients' personal privacy. We reinforce this in the way we routinely handle sensitive client information as part of our day-to-day operations. We believe this contributes to the trust and confidence our clients have placed in us. We will continue to do what we have always done; putting our clients first with the highest respect for their privacy.
Wellington Consulting Services, Inc.