Magnolia Capital Management Inc.(“Magnolia”) collects nonpublic personal information about you from the following sources:
Information Magnolia, receives from clients on applications (name, social security number, address, assets, etc.);
Information about client transactions with our firm or other firms (account information, payment history, parties to
We may disclose information regarding customers and/or former customers to affiliated and non-affiliated companies that perform certain administrative or record keeping services on our behalf, to other financial institutions with which we have processing or other customary arrangements, financial institutions with which we have joint marketing or other agreements such as mutual fund companies, and/or as permitted or required by law. Subject to applicable laws, rules and regulations, Magnolia’s general policy is that registered representatives of Magnolia are allowed to retain certain of their clients’ information should he or she elect to move their registration(s) to another broker-dealer.
Because Magnolia shares non-public personal information solely to service our client accounts, we do not disclose nonpublic personal information about our customers or former customers, except with the client’s consent, or as permitted or required by law.
If you decide to close your account(s) or become an inactive customer, we will adhere to the privacy policies and practices as described in this notice.
Magnolia will internally safeguard your nonpublic personal information by restricting access to only those employees who provide products or services to you or those who need access to your information to service your account. In addition, we will maintain physical, electronic and procedural safeguards that meet applicable federal and/or state standards to guard your nonpublic personal information.