Securities transaction services are conducted through Westwood Capital, LLC, a broker-dealer registered with the United States Securities and Exchange Commission and a member of FINRA
. Securities Are Not FDIC Insured – Are Not Bank Guaranteed – May Lose Value – Are Not a Bank Deposit – Are Not a Condition to Any Banking Service or Activity – Are Not Insured by Any Federal Government Agency.
When you are a client of Westwood or its subsidiaries, you will be asked to complete certain account documentation which will require collection of certain information of your institution and may require collection of personal information, including the following: name, address, telephone number, social security number, income, assets, liabilities and investment experience. In addition, consistent with industry practice and in compliance with regulatory requirements, we record and maintain information on your transactions with us. We are required by our regulators to collect this type of information.
What We Disclose
This information is collected strictly for the purpose of providing you better service and we strive to limit the collection and use of your information to only what is necessary. In connection with services you have requested, we may share your information, including your name, address, telephone number, social security number, income, assets, liabilities and investment experience with our affiliates or with outside vendors who have been hired to help us serve you better, provided that they are under a similar duty of confidentiality of information. Westwood does, however, reserve the right to disclose the personal information of existing and former customers as permitted by law.
We maintain physical, electronic and procedural safeguards that comply with regulatory standards to guard your nonpublic personal information.
Please Help Us Maintain Accurate Records
Our efforts to maintain the privacy of your personal financial information are always evolving. If you have any questions or concerns regarding this policy, please contact our compliance department at 212-867-3200. In addition, it is important to us that we have accurate information about our clients. If you are a client and have a concern about your information or you want to correct, update or confirm your information, please contact us.
BCP Disclosure Statement
Westwood Capital is responsible for creating and maintaining business continuity plans to support services to its clients. In the event of a business disruption, we have plans designed to continue operations of critical business functions, including communications with each client. Our business continuity plan encompasses business disruptions that may be internal to Westwood, and larger wide-spread disruptions that effect entire regions. Business disruptions affecting an office will likely result in the closure of the office for the duration of the interruption and all communications being re-routed to one of Westwood’s other means of communications as quickly as possible. A large scale disruption would also involve the relocation of staff to assist in restoring operations. Should there be a significant business disruption, clients are encouraged to visit Westwood’s Web site (www.westwoodcapital.com) for additional information. Our plan is designed to address key areas of concern, including but not limited to the following:
- Data (electronic and hard-copy) back-up and recovery;
- Alternate communication between Westwood and its clients;
- Alternate communication between Westwood and its employees;
- Alternate locations for employees;
- Identification of mission critical systems;
- Regulatory reporting and communications;
- Identification of critical business constituent, bank and counter-party relationships; and
- Financial and operational risk assessments
Funds and securities of clients are not held by Westwood. Although Westwood has taken steps to develop and implement business recovery plans, we cannot guarantee that systems will always be available or recoverable after a disaster or significant business disruption. However, we believe that our planning and continued training and testing will provide an effective response and recovery effort in the event of a business disruption. Our business continuity plan will be reviewed, updated and tested on an annual basis. Any material changes to the above information will be available on our web-site www.westwoodcapital.com or upon request.