Last Updated: December 2018
We are committed to maintaining the privacy and confidentiality of our customers’ personal information. In the course of offering and providing financial products and services, we collect and maintain certain personal information about you. This information can come from information you provide on applications or other forms, through your inquiries by mail, e-mail or telephone, or by other means.
This Policy explains what personal information we collect and how we use and share such personal information. It also explains what you can do to limit the use and sharing of your personal information. We do not disclose personal information about our customers to non-affiliated third parties, except as described below.
Updates to this Policy
M1 Finance may periodically collect information from you through automated means. When you browse our site, use the iOS and Android applications, use our services, or read our emails or newsletters, we may use “cookies” or other online tracking mechanisms (including pixel tags, web beacons, clear GIFs and device fingerprints) in order to provide better service, facilitate your use of the site or services, store online preferences, track usage of the site or services, tailor the marketing of business services, or enhance security.
Some of our cookies are used for web analytics and intelligence about our site. We may also use web beacons or other technologies for similar purposes and we may include these in marketing email messages or our newsletters in order to determine whether messages have been opened and links clicked on. Web beacons do not place information on your device, but may work in conjunction with cookies to monitor online activity.
By using our site or applications you agree that we can place cookies on your device and use other online tracking mechanisms as explained in this privacy notice. You may be able to control your acceptance of cookies and similar technologies on a website, and most devices and browsers offer their own privacy settings for cookies. You will need to manage your cookie settings for each device and browser you use. If you do not accept cookies, you may experience some inconvenience in your use of some sites and online products. For example, a website may not be able to recognize your device and you may need to answer challenge questions or provide additional information each time you log on.
With regard to our internal security procedures, we restrict access to your personal and account information to those employees who “need to know” the information in order to provide products and services to you. We maintain reasonable physical, administrative, and technical safeguards to protect your personal information. We conduct regular internal audits of our business practices and procedures in order to protect your personal information.
|Facts||What does M1 Holdings Inc. 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 types of personal information we collect and share depend on the product or service you have with us. This information can include:|
Social Security number and incomeAccount balances and transaction historyInvestment experience and assets
|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 M1 Holdings Inc. chooses to share; and whether you can limit this sharing.|
|Reasons we can share your personal information||Does M1 Holdings Inc. share?||Can you limit this sharing?|
|For our everyday business purposes — such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus||YES||NO|
|For our marketing purposes — to offer our products and services to you||YES||NO|
|For joint marketing with other financial companies||NO||We don’t share|
|For our affiliates’ everyday business purposes — to offer our products and services to you||YES||NO|
|For our affiliates’ everyday business purposes — information about your creditworthiness||YES||YES|
|For our affiliates to market to you||YES||YES|
|For nonaffiliates to market to you||NO||We don’t share|
|To limit our sharing||Email firstname.lastname@example.org.|
Please note:If you are a new customer, we can begin sharing your information 30 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.
|Who we are|
|Who is providing this notice?||M1 Holdings Inc. (also “M1”) and its affiliates. See list of affiliates below.|
|What we do|
|How does M1 collect my personal information?||We collect your personal information, for example, when you:|
open an account or give us your income information, seek advice about your investments, or tell us about your investment or retirement portfolio, make deposits or withdrawals from your account
We also collect your personal information from others, such as credit bureaus, affiliates, or other companies.
|How does M1 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 computer safeguards and secured files and buildings.|
|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 creditworthinessaffiliates from using your information to market to yousharing for nonaffiliates to market to you
State laws and individual companies may give you additional rights to limit sharing. See below for more on your rights under state law.
|What happens when I limit sharing for an account I hold jointly with someone else??||Your choices will apply to everyone on your account|
|Affiliates||Companies related by common ownership or control. They can be financial and nonfinancial companies.|
Our affiliates include companies with a M1 name; financial companies such as M1 Finance LLC and M1 Advisory Services LLC; nonfinancial companies such as M1 Holdings Inc. and M1 Spend LLC.
|Nonaffiliates||Companies not related by common ownership or control. They can be financial and nonfinancial companies.|
M1 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.|
M1 doesn’t jointly market.
|Other important information|
|State and International Laws For Vermont Residents. In accordance with Vermont law, we will not share information we collect about Vermont residents with companies who are not affiliates, except as permitted by law, such as with your consent or to service your accounts. We will not share information about your creditworthiness with our affiliates without your authorization or consent, but we may share information about our transactions or experiences with you with our affiliates without your consentFor Nevada Residents. Nevada law requires us to disclose that you may request to be placed on M1’s internal “do not call” list at any time by calling (312) 600-2883, and that we are providing this notice to you pursuant to state law, and that you may obtain further information by contacting the Nevada Attorney General, 555 E. Washington Ave., Suite 3900, Las Vegas, NV 89101; phone 702-486-3132; email BCPINFO@ag.state.nv.us.For California Residents. In accordance with California law, we will not share information we collect about you with nonaffiliates, except as allowed by law. For example, we may share information with your consent or to service your accounts. Among our affiliates, we will limit information sharing to the extent required by California law.|
For questions about our policy, or for additional copies of this notice, please call us at 312.600.2883.