Privacy Policy

As previously mentioned, South Dakota has the top privacy statutes in the U.S. for trusts. Supplementing these statutes, South Dakota Trust Company (SDTC) has very powerful privacy safeguards as well.

SDTC has established policies and practices that respect the financial privacy of all individuals who use our trust company. We believe it is critical to comply with the laws and regulations designed to secure financial privacy. Every client relationship with us is very important, and we want our clients to understand our policies and practices with respect to handling client information.

This policy applies to every individual relationship we have with clients who inquire about or obtain products or services from us for personal, family and household purposes.

Strict Security Measures:

We take the security of information very seriously. We have established security standards and procedures to prevent access to client information. We maintain physical, electronic and procedural safeguards to guard client information. We educate our employees about the importance of confidentiality and client privacy. We take appropriate disciplinary measures to enforce employee responsibilities regarding client information.

We collect information about our clients to:

• Accurately identify our clients
• Protect and administer client records, accounts and funds
• Help us design or improve our products and services
• Understand specific financial needs
• Save time when a client applies for new products and services
• Offer quality products and services
• Comply with certain laws and regulations

We collect and maintain personal information so that we can provide trust administration services to our clients. The types and categories of information that we collect and maintain include:

• Information we receive to open an account or provide other services (such as a client's home address, social security number, telephone numbers, financial information and investment objectives)
• Information we generate to service accounts or through our transactions with our clients (such as account statements and other financial information)
• Information on transactions with nonaffiliated third parties

We have established procedures so that the information we collect is accurate, current and complete. We are committed to working with our clients to promptly correct any inaccurate information.

Our Selective Sharing of Information:

In order for us to provide trust administration and other desired services, we do disclose personal information in very limited instances, which include:

• Disclosures to nonaffiliated companies as permitted by law, including those who help us service client accounts (such as providing account information to investment managers/advisors and custodians)
• Other limited disclosures as permitted by law; for example, required reports to government entities

We do not share information with third parties for marketing purposes. We do not sell client information.

Former clients:

Should a client end his or her relationship with us, our privacy policies and practices described in this notice continue to apply.