Broker Check


Protecting Clients’ Privacy

Gramm-Leach-Bliley (GLB) Act

Disclosure of Nonpublic, Personal Information


In November 2000, Congress passed legislation 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.
As of July 1, 2001, all financial institutions had to clearly, conspicuously and annually disclose their policies for collecting and sharing nonpublic, personal information. Specifically, these policies must disclose:

  • The types of information we share
  • The types of third parties we share information with, and
  • Information about our privacy policies and practices.

We collect a variety of nonpublic personal information from you, including:

  • Information we receive from your applications or other forms;
  • Information about your transactions with us or others; and
  • Information you provide to us from telephone conversations.

This information is required in order to conduct business on your behalf.  The information we gather is available to departments and employees of Myers DeWitt on a “need to know” basis.  We may also share our database from time-to-time with various corporate affiliates also engaged in financial services.  We also share information with certain unaffiliated third parties with whom we conduct business on your behalf.  These third parties may include our clearing broker/dealers, the custodians of the assets held in your account(s), mutual fund companies, and portfolio managers.  We do not provide, disclose or sell any nonpublic information to unaffiliated third parties for marketing purposes.
Our internal security procedures include physical, electronic and procedural safeguards to protect your nonpublic personal information 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 our services, we will continue to adhere to our privacy policies and practices with regard to your nonpublic personal information.