Privacy Statement

FACTS WHAT DOES DAVID LERNER ASSOCIATES, INC. DO WITH YOUR PERSONAL INFORMATION?

Why we collect your information

Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.

What information we collect

The types of personal information we collect and share depend on the product or service you have with us. This information can include:

  • Social Security number
  • account balances
  • income
  • account transactions
  • transaction history
  • wire transfer instructions
  • checking account information

When you are no longer our customer, we continue to share your information as described in this notice.

How we share

All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons David Lerner Associates, Inc. chooses to share; and whether you can limit this sharing.

 

Reasons we can share your personal information

Does David Lerner Associates share?

Can you limit this sharing?

For our everyday business purposes
such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus

Yes

No

For our marketing purposes
to offer our products and services to you

Yes

No

For joint marketing with other financial companies

No

We don't share

For our affiliates’ everyday business purposes
information about your transactions and experiences

Yes

No

For our affiliates’ everyday business purposes
information about your creditworthiness

Yes

We don't share

For our affiliates to market to you

Yes

Yes

For non-affiliates to market to you

Yes

We don't share

To limit our sharing

Write us at: Privacy Compliance Office, 477 Jericho Turnpike, Syosset, New York 11791
Please note:
If you are a new customer, we can begin sharing your information 30 days from the date we sent this notice. When you are no longer our customer, we continue to share your information as described in this notice. However, you can contact us at any time to limit our sharing.

WHAT WE DO

Who is providing this notice?

David Lerner Associates, Inc.

How does David Lerner Associates, Inc. protect my personal information?

To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.

We conduct periodic reviews of our computer systems, including security features. Additionally, our employees are required to acknowledge their responsibility to maintain the confidentiality of Customer Information.

How does David Lerner Associates, Inc. collect my personal information

We collect your personal information, for example, when you

  • open an account
  • provide account information
  • give us your contact information
  • make a wire transfer
  • tell us where to send the money

We also collect your information from others, such as credit bureaus, affiliates, or other companies.

Why can’t I limit all sharing?

Federal law gives you the right to limit only

  • sharing for affiliates’ everyday business purposes – information about your creditworthiness
  • affiliates from using your information to market to you
  • sharing for non-affiliates to market to you

State laws and individual companies may give you additional rights to limit sharing. See the “Other important information” section below for additional rights provided under state laws.

What happens when I limit sharing for an account I hold jointly with someone else?

Your choices will apply to you alone. Each account holder must opt out individually.

Does David Lerner Associates, Inc. sell my personal information?

David Lerner Associates, Inc. does not sell your personal information.

Definitions

Affiliates

Companies related by common ownership or control. They can be financial and non-financial companies.

  • Our affiliates include: Spirit of America Investment Fund, Inc.; Spirit of America Management Corp. and SRLA, Inc.; and The Great Art Fund, LLC.

Non-affiliates

Companies not related by common ownership or control. They can be financial and nonfinancial companies.
  • David Lerner Associates Inc. does not share with non-affiliates so they can market to you.

Joint Marketing

  • David Lerner Associates, Inc. does not jointly market.