What is a Trusted Contact Person?

December 17, 2021 | Elinesky Schuett Private Wealth Management

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It’s something new that you should know about as an investor. Your Trusted Contact Person is someone you choose who can help us protect your financial well-being.

A Trusted Contact Person is someone you give us written consent to contact. We may contact them if we suspect you are being financially exploited, if we’re concerned about your ability to make decisions due to physical or mental incapacity, or if we’re unable to reach you.

Your Trusted Contact Person’s role is to provide or confirm information only – they do not have any authority over your account, cannot make decisions on your behalf, and will not be given access to your detailed account information. We will not ask your Trusted Contact Person for information unless we believe it’s absolutely necessary to help you.

We will invite you to appoint a Trusted Contact Person when you open a new account or when we’re updating the “Know Your Client” information we have on file for you.

Find out more about what a Trusted Contact Person is and the role they play in helping us protect your financial well-being, What is a Trusted Contact Person? (PDF)

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