Our Privacy Policy

The following Privacy Policy for FoolFunds.com website users is presented by Motley Fool Asset Management, LLC, and The MFAM Funds (together, “we” “MFAM Funds,” or “us”). A privacy notice will also be included within the Annual Report for any MFAM Funds mutual fund, but this Privacy Policy (as modified from time to time through procedures described below) applies to investors (or potential investors) who use the FoolFunds.com website for information, subscriptions, or transactions.

We know that while you as investors (i.e., “you”) are entrusting us to manage your money, you are also entrusting us with the privacy and security of your personal information. We take that trust seriously.

As you may know, Motley Fool Asset Management, the investment advisor to The MFAM, is a subsidiary of The Motley Fool Holdings, Inc., which also owns The Motley Fool, LLC (provider of Fool.com and several investment newsletter services), The Motley Fool Limited (provider of Fool.co.uk and several investment newsletters in the United Kingdom), and The Motley Fool Australia Pty LTD (provider of Fool.com.au in Australia). Together, these companies, with other affiliates, are the Motley Fool Companies. Please read this Privacy Policy in conjunction with the Privacy Policy for any other Motley Fool Companies of which you are a customer.

 

I. Why we obtain personal information about you

It should come as no surprise that we need personal information about our current, former, and prospective investors. We may use personal information about you, such as your name, address, phone number, Social Security number, assets, income, and date of birth, to accept your investment; service and maintain your account; process transactions in your account; respond to inquiries from you; develop, offer, and deliver products and services to you, including publications that we may email you; or fulfill legal and regulatory requirements.

 

II. Sources of personal information

We may collect the following public and non-public personal information about you:

  • Information we receive from you on or in an application (even if you don’t complete or submit the application) or other forms, or from correspondence or conversations.
  • Information we receive from you on or in our website, including your email address, or that we capture through Web pages.
  • Information we receive through the use of “cookies” and similar data files, which are tiny files that we ask your browser to store. We may use such files to provide personalized features, understand how people are using our website, or make it easier for you to access your account. We don’t use them to obtain personal information from your hard drive. We will not share information from these files with others, except to help service your account.
  • Information about your transactions with us, our affiliates, or others, including, but not limited to, your account number and balance, payments history, parties to transactions, cost-basis information, and other financial information.
  • Information received from our introducing broker.
  • Information from consumer reporting agencies or other references.

 

III. How we share information about you with third parties

We do not sell, rent, or barter information about you to third parties.

We do not disclose any non-public personal information about current, prospective, or former investors, except as set out in this Privacy Policy (or required by law).

We may share personal information about you as follows:

  • We may provide information to service providers, such as those that process transactions or otherwise help service or administer the fund or its investments (for example, the introducing broker, transfer agent, printing and mailing companies, parties that provide marketing services on our behalf, securities clearinghouses, and other entities that may provide services at our direction). Our service providers must agree to use the personal information we share with them only to provide the services we specify. Of course, when we need to send things to you, we may also need to disclose your information to a delivery or postal service.
  • We may provide information to government agencies, other regulatory bodies, and law-enforcement officials (for example, for tax purposes or for reporting suspicious transactions).
  • We may provide your information to other organizations, with your consent (for example, if you use us as a financial reference in applying for a financial product or service of another institution), or as permitted or required by law (for example, for fraud prevention).
  • We may disclose your personal information to protect our rights or property, or our safety or that of others’.
  • We may disclose your information to other Motley Fool Companies, as set out below.

 

IV. How we share information about you within the Motley Fool group of companies

We have arrangements with Motley Fool Companies to provide for investment management, distribution, and servicing, and we may exchange personal information about you with such affiliates. We may also exchange your personal information with our affiliates who act as our internal service providers to perform certain services and functions relating to your investment on our behalf — for example, printing, mailing, and data-processing services. We may also share certain personal information about you with Motley Fool Companies for their use in marketing products and services as allowed by law. If you do not want us to share the information accordingly, or if you want to opt out of receiving email marketing from Motley Fool Asset Management, you may do so here.

 

V. How we protect information about you

As further described below under “Our Security Policy,” we maintain physical, electronic, and procedural safeguards that comply with federal standards to guard your nonpublic personal information. We restrict access to personal information to those who require it to develop, support, offer, and deliver products, information, and services to you.

Our Security Policy

Motley Fool Asset Management, LLC, and MFAM Funds are committed to safeguarding the privacy of our past, present, and future investors. In furtherance of that commitment, we take the following measures:

  • Your data is submitted securely. We use SSL encryption, an industry standard protocol for safely exchanging information. Your information is encrypted so that only your computer and MFAM Funds (and its agents or service providers) can see or understand it.
  • We use SSL Web server certificates with Extended Validation (“EV”). EV is the most rigorous industry standard for authenticating a company’s or government entity’s identity. The latest Web browsers will display a green address bar or location bar when a site has been verified with an EV SSL certificate.
  • We use “multi-factor authentication” and SSL encryption to send your data securely to the fund’s Transfer Agent, U.S. Bancorp Fund Services, LLC, for processing. This means that we are using several layers of security, including passwords and encryption, to secure your data transmission.
  • We do not store your social security number.
  • We work with the Transfer Agent to ensure that only you can create and access your Fund account(s). The Fund employs services to verify your personal information and financial transactions. If you create multiple Fund accounts, we verify additional information to accurately connect all your accounts.

 

VI. How we will notify you of changes in these policies

We may change our privacy policies at any time, but we will give notice of any material change (or any notices that we are required to give you) on our website and/or in email messages. We may include you in general mailings of annual privacy notices that are provided to our non-website investors but the online privacy policy will still apply to you.

What Does MFAM Funds Do With Your Personal Information?

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

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

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

 

How?: 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 MFAM Funds chooses to share; and whether you can limit this sharing.

   Reasons we share your personal information

Does MFAM Funds share?

Can you limit this sharing?

For our everyday business purposes — such as to process your transaction, maintain your account(s), provideyou with necessary information, respond to court orders and legal investigation, or report to credit bureaus

Yes

No

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

Yes

Yes

    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

No

We don’t share

     For our affiliates to market to you

Yes

Yes

     For nonaffiliates to market to you

No

We don’t share

 

To limit our sharing and unsubscribe from email subscriptions:

 

Please note:

If you are a new customer, we can begin sharing your information 30 days from the 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. 

Questions: Call 1-888-863-8803 or go to www.MFAMFunds.com

 

What we do:

 

How does MFAM Funds 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 physical, electronic, and procedural safeguards, including encryption, authentication and secured buildings and files.

 

How does MFAM Funds collect my personal information?

We collect your personal information, for example, when you:

  • open an account or provide account information
  • make deposits or withdrawals from your account
  • make a wire transfer or tell us where to send the money

We also collect your personal information from 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
  • make deposits or withdrawals from your account
  • sharing for nonaffiliates to market to you

State laws and individual companies may give you additional rights to limit sharing.

 

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

Your choices will apply to everyone on your account.

 

Definitions:

Affiliates – Companies related by common ownership or control. They can be financial and nonfinancial companies. Our affiliates include companies with a Motley Fool name; financial companies such as Motley Fool Asset Management, LLC; and nonfinancial companies such as The Motley Fool, LLC and The Motley Fool Holdings, Inc.

 

Nonaffiliates – Companies not related by common ownership or control. They can be financial and nonfinancial companies. MFAM Funds Trust does not share with nonaffiliates so they can market to you.

 

Joint marketing – A formal agreement between nonaffiliated financial companies that together market financial products or services to you. MFAM Funds doesn’t jointly market.Bottom of Form