Privacy Policy

August Financial Consulting is committed to protecting your privacy and maintaining the confidentiality and security of your personal information. We do not disclose nonpublic personal information about our present or former clients/investors to third parties other than as described below.

Information collected about you (such as your name, address, social security number, assets and income) from our discussions with you, from documents that you may deliver to us and in the course of providing services for you. This information may be used to provide services to you, to open an account for you, to process a transaction for your account, or otherwise in furtherance of our business. In order to service your account and effect your transactions, we may provide your personal information to our affiliates and to firms that assist us in servicing your account and have a need for such information, such as a broker or fund administrator or financial advisor. We also may disclose such information to service providers and to financial institutions with whom we have joint marketing arrangements. However, they are required to protect the confidentiality of your information and to use the information only for the purposes for which we disclose to them. We do not otherwise provide information about you to outside firms, organizations or individuals, except to our attorneys, accountants and auditors and as permitted by law.

We restrict access to nonpublic personal information about you to internal personnel and affiliates who need to know the information to perform their job and to conduct and process your business in an accurate and efficient manner. We maintain physical, electronic and procedural safeguards that comply with federal standards in order to protect your personal information.


Accounts Security

Through this relationship, Mid Atlantic provides me with trade clearing and execution through their clearing agreement with National Financial Services LLC (NFS), a wholly owned subsidiary of Fidelity Investments. Securities in accounts carried by NFS are protected in accordance with the Securities Investor Protection Corporation (SIPC) up to $500,000 (including $100,000 for cash awaiting reinvestment). NFS has also arranged for additional protection for cash and covered securities called "excess of SIPC" coverage from Lloyd's of London together with Axis Specialty Europe Ltd. and Munich Reinsurance Co. This additional protection would only be used when SIPC coverage is exhausted. Total aggregate excess of SIPC coverage available through NFS's excess of SIPC policy is $1 billion. Within NFS's excess of SIPC coverage there is no per account dollar limit on coverage of securities, but there is a per account limit of $1.9 million on coverage of cash awaiting investment. This is the maximum excess of SIPC protection currently available in the brokerage industry. Neither coverage protects against a decline in the market value of securities, nor do they cover other claims for losses incurred while broker-dealers remain in business. Certain securities are not eligible for SIPC or excess of SIPC coverage.

For more details on SIPC, or to request a SIPC brochure, please visit http://www.sipc.org/ or call 1-202-371-8300. For ratings and more information about Lloyd's please go to http://www.lloyds.com/lloyds_market/ratings.