Privacy Policy

Vermillion Financial Advisors, Inc.

The purpose of this Notice is to summarize the Gramm-Leach-Bliley Act (“GLB Act”) and other federal and state regulations that have established privacy standards for the financial services industry.  Although these standards are consistent with privacy policies and practices Vermillion Financial VFAs, Inc. (VFA) has had in place for years, the law requires VFA to take specific steps to notify CLIENT about VFA’s privacy practices.

VFA is committed to safeguarding the confidential information of the CLIENT. VFA holds all personal information provided to the VFA in the strictest confidence.  These records include all personal information that the VFA collects from the CLIENT in connection with any of the services provided by the VFAVFA has never disclosed information to nonaffiliated third parties, except as permitted by law, and does not anticipate doing so in the future.  If the VFA was to anticipate such a change in firm’s policy, the VFA would be prohibited under the law from doing so without advising the CLIENT first.  The VFA uses health and financial information that the CLIENT provides the VFA to help meet the CLIENT’s personal financial goals while guarding against any real or perceived infringements of the CLIENT’s rights of privacy.  VFA’s policy with respect to personal information about the CLIENT is listed below.

  • VFA limits employee and professional VFA access to information to only those who have a business or professional reason for knowing, and only to nonaffiliated parties as permitted by law.  (For example, federal regulations permit VFA to share a limited amount of information about CLIENT with a brokerage firm in order to execute securities transactions on CLIENT’s behalf, or so that VFA can discuss CLIENT’s financial situation with CLIENT’s accountant or lawyer.)
  • VFA maintains a secure office and computer environment to ensure that CLIENT’s information is not placed at unreasonable risk.
  • The categories of nonpublic personal information that VFA collects from a CLIENT depends upon the scope of the CLIENT engagement.  It will include information about CLIENT’s personal finances, information about CLIENT’s health to the extent that it is needed in the planning process, information about transactions between CLIENT and third parties, and information from consumer reporting agencies.
  • For unaffiliated third parties that require access to CLIENT’s personal information, including financial service companies, consultants, and auditors, VFA also request strict confidentiality in VFA’s agreements with them and expects them to keep this information private.  VFA utilizes its best effort to influence other firms with whom VFA does business, to restrict the use of CLIENT’s information. Federal and state regulators also may review VFA’s records as permitted under law.
  • VFA does not provide CLIENT’s personally identifiable information to mailing list vendors or solicitors for any purpose.

Personally identifiable information about CLIENT will be maintained during the time CLIENT is a CLIENT, and for the required time thereafter that such records are required to be maintained by federal and state securities laws and consistent with the College for Financial Planning Board Code of Ethics and Professional Responsibility. After this required period of record retention, VFA will destroy all such information.