Dorsey & Whitney Trust Company LLC is a South Dakota chartered trust company (“Company,” “we,” “our” or “us”). The Company recognizes its obligation to keep personal and financial information about you secure and confidential. This privacy notice describes the types of personal and financial information we obtain about you and where we obtain it, to whom we disclose this information and the measures we take to protect the confidentiality and security of the information.
We collect and use various types of personal and financial information about you to better understand your needs and objectives. This information may include social security number, information regarding investment holdings, information regarding bank and other financial accounts and other types of nonpublic personal information. The Company collects this information through the following sources:
Information we receive from you in agreements or other forms you provide us; and
Information about your investment holdings and the transactions that we execute on your behalf through our service providers.
To Whom We Disclose This Information
We respect the premium you place on keeping your personal finances a private matter. That is why we do not sell information about our customers to anyone. Examples of persons to whom we do disclose personal and financial information collected from our current or former customers follow:
To Third Parties as necessary to process your business. For example, we transmit your account and transactional information to the company that prints your account statement. Third Parties in this category, including our affiliates, are prohibited from using information about you except for the narrow purpose for which we gave it to them.
Where required by law or regulation. Examples include responses to a subpoena, court order or regulatory demand.
As authorized by you. You may direct us, for example, to send your account statements and confirms to a third party.
In each instance, the information we disclose may include any of the information we obtain about you from the sources described under “Information.”
Confidentiality and Security
We consider information we have about you to be confidential, including the fact that you are a customer of the Company. We restrict access to nonpublic personal information about you to those persons who need to know that information in order to provide trust and fiduciary services to you. We have reasonable security policies in place. We also maintain physical, electronic, and procedural safeguards that comply with applicable regulatory standards to maintain the confidentiality of your information.
If you have any questions regarding our privacy practices, please feel free to call us at (605) 336-6832.
Carl A. Schmidtman
President & COO