Protecting Your Personal Information
At New Life Financial, located in Prescott, Arizona, and led by financial advisor Wayne Brewer, we are committed to safeguarding your privacy and protecting the personal information you entrust to us. This Privacy Policy outlines how we collect, use, share, and protect your information in accordance with applicable laws and regulations, including the standards set forth by the financial industry and our fiduciary duty to act in your best interest. We aim to provide transparency and ensure you feel confident in how your data is handled.
Information We Collect
We collect information to provide personalized financial planning, investment management, and advisory services tailored to your needs. The types of information we may collect include:
- Personal Information: Name, address, phone number, email address, Social Security number, date of birth, and other identifiers necessary for financial planning.
- Financial Information: Income, assets, liabilities, investment accounts, tax records, insurance policies, and other financial details relevant to your goals.
- Transactional Information: Account activity, investment history, and details related to financial transactions we manage on your behalf.
- Other Data: Information provided during consultations, such as your financial goals, risk tolerance, and family circumstances, or data collected through our website (e.g., forms or cookies).
We gather information through various methods to ensure we can serve you effectively:
- Directly from You: Through forms, meetings, phone calls, emails, or online submissions when you engage with New Life Financial.
- From Third Parties: With your consent, we may obtain information from financial institutions, custodians (e.g., Charles Schwab), accountants, or other professionals involved in your financial planning.
- Website Usage: Our website may use cookies or analytics tools to collect non-personal data, such as IP addresses or browsing behavior, to improve your experience.
Your information is used solely to provide high-quality financial advisory services and to comply with legal and regulatory requirements. Specifically, we use your information to:
- Develop and implement personalized financial plans, investment strategies, and retirement or estate planning solutions.
- Manage your investment accounts and monitor their performance.
- Coordinate with other professionals (e.g., CPAs or attorneys) to ensure a comprehensive approach to your financial goals.
- Communicate with you about your accounts, updates, or relevant financial news.
- Comply with legal obligations, such as tax reporting or anti-money laundering regulations.
New Life Financial takes the security of your information seriously. We implement robust measures to protect your data, including:
- Secure Storage: Physical and electronic records are stored in secure systems with restricted access.
- Encryption: Sensitive data transmitted online is protected using industry-standard encryption protocols.
- Access Controls: Only authorized personnel with a need-to-know basis can access your information.
- Regular Audits: We conduct periodic reviews of our security practices to ensure compliance with industry standards.
- With Your Consent: We may share information with third-party professionals (e.g., accountants or attorneys) to fulfill your financial plan, but only with your explicit permission.
- With Service Providers: We partner with trusted custodians or service providers (e.g., Charles Schwab) to manage your investments or process transactions. These partners are bound by strict confidentiality agreements.
- For Legal Compliance: We may disclose information to comply with applicable laws, regulations, or legal processes, such as responding to a subpoena or regulatory audit.
- Business Transitions: In the event of a merger, acquisition, or sale of New Life Financial, your information may be transferred to a successor entity, subject to equivalent privacy protections.
- Access Your Information: Request a copy of the personal data we hold about you.
- Correct Inaccuracies: Update or correct any inaccurate or incomplete information.
- Opt-Out of Communications: Choose to stop receiving non-essential communications, such as newsletters, while still receiving critical account updates.
- Request Deletion: Subject to legal and regulatory requirements, you may request the deletion of certain personal information.