At Eastern Investment Advisors, Keeping Customer Information Secure is our Priority
At Eastern Investment Advisors, the basis of each customer relationship is trust. Since you have chosen to do business with Eastern Investment Advisors, we are obligated to honor that relationship with great care, particularly with the information that you share with us. We believe that customer privacy should not be compromised. At the same time, we want to offer you a broad array of financial products and services that will help you attain your financial goals. Accordingly, we want you to understand what information we gather and how we use it.
What Information We Collect
"Nonpublic personal information" is nonpublic information about you that we obtain in connection with providing a financial product or service to you. For example, nonpublic personal information includes information regarding your account balances and account activity. We collect the following types of nonpublic personal information:
- Information we receive from you on account forms and
- Information about your transactions with us, our affiliates, or others.
To Whom We Disclose Information
We may share nonpublic personal information about you with companies related to us by common control or ownership ("affiliates") and, in certain circumstances, with third parties that are not members of our corporate family ("nonaffiliated third parties"). Our "affiliates" include financial service providers, such as insurance agents. These disclosures enable us to provide you with superior customer service and a broad range of financial products and services that we believe add value to your relationship with us.
What Information We Disclose to Third Parties
Under the Federal Fair Credit Reporting Act, we are permitted to share information about your transactions with us (such as your name, address, and account balances) with our affiliates.
We may disclose nonpublic information about you to nonaffiliated third parties in certain other circumstances as permitted by law, such as third party vendors that assist us in servicing your account and to government entities in response to subpoenas.
We do not share customer information with nonaffiliated third parties for their independent use in marketing their products.
Our Policy with Respect to Former Customers
We follow the same privacy policies and practices for former customers as are described in this notice.
Our Security Procedures
We safeguard any information you share with us. In addition, we limit the collection and use of nonpublic personal information to the minimum required to provide you with superior products or services. We restrict access to your personal account information to those employees who need to know that information to provide products or services to you. We maintain physical, electronic, and procedural safeguards that comply with federal standards to guard your nonpublic personal information.
Please note that the privacy policy described above applies only to the practices of Eastern Investment Advisors (EIA), a division of Eastern Bank, regarding the sharing of information specifically related to your fiduciary and investment accounts managed by EIA or the bank. If you have questions or concerns about our policy, please contact your account officer.
If you have other accounts or relationships with Eastern Bank, such as loans, savings or checking accounts, information sharing is governed by the Eastern Bank privacy policy. Please review that policy for the information sharing practices of Eastern Bank regarding those accounts and relationships.
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