Privacy Policy for Galilee Wealth Management
At Galilee Wealth Management, located in Nazareth, Israel, we are committed to protecting the privacy and security of the personal information of our clients and website visitors. This Privacy Policy describes how we collect, use, disclose, and protect information in connection with our investment consultation services and our online platform. We operate in compliance with applicable data protection laws, including the principles of the General Data Protection Regulation (GDPR).
1. Information We Collect
We collect various types of information to provide and improve our investment consultation services.
- Personal Identification Information: This includes information you voluntarily provide to us when enquiring about our services or becoming a client, such as your name, postal address, date of birth, national identification details, and contact details (e.g., telephone number).
- Financial Information: To provide investment consultations, we collect financial details like income, assets, liabilities, investment objectives, risk tolerance, and tax information. This information is crucial for tailoring our advice.
- Technical and Usage Data: When you visit our online platform, we automatically collect certain information about your device and browsing activity. This may include your IP address, browser type, operating system, referral sources, pages viewed, and the duration of your visit. This data helps us improve our platform's functionality and user experience.
- Communication Information: Records of your communications with us, including emails and discussions, are maintained to ensure service quality and for regulatory compliance.
2. How We Use Your Information
The information we collect is used for the following purposes:
- To Provide Investment Consultation Services: We use your personal and financial information to understand your needs, provide tailored investment advice, manage your investments, and execute transactions on your behalf where applicable.
- Client Communication: To communicate with you regarding your accounts, our services, updates to our policies, or to respond to your inquiries.
- Legal and Regulatory Compliance: To comply with applicable laws, regulations, and industry standards, including anti-money laundering (AML) and know-your-client (KYC) obligations.
- Service Improvement: To analyze how our online platform is used, diagnose technical issues, and improve the functionality and content of our services.
- Security: To protect our online platform, services, and clients from fraud, unauthorized access, and other security threats.
3. Disclosure of Your Information
We do not sell, rent, or trade your personal information. We may disclose your information in the following circumstances and with appropriate safeguards:
- Service Providers: We may share information with third-party service providers who perform services on our behalf, such as IT support, data hosting, legal advice, or administrative services. These providers are contractually obligated to protect your information and use it only for the purposes for which it was disclosed.
- Business Partners: In certain situations, we may collaborate with other financial institutions or professional advisors, requiring the sharing of information. Such sharing will only occur with your explicit consent or where legally required.
- Legal and Regulatory Requirements: We may disclose your information if required to do so by law, a court order, or to cooperate with regulatory authorities. This includes compliance with anti-money laundering and counter-terrorism financing regulations.
- Protecting Our Rights: We may disclose information when we believe it is necessary to protect the rights, property, or safety of Galilee Wealth Management, our clients, or others.
4. Data Security
We implement robust technical and organizational measures to protect your personal information from unauthorized access, use, disclosure, alteration, or destruction. These measures include encryption, firewalls, secure server facilities, and access controls. We regularly review our security practices to ensure they remain effective and up-to-date.
5. Data Retention
We retain your personal information only for as long as necessary to fulfill the purposes for which it was collected, including for the purposes of satisfying any legal, accounting, or reporting requirements. The precise retention period depends on the type of data and the specific legal obligations we are subject to. For example, financial records and client identification data are typically retained for several years after the termination of a client relationship due to regulatory requirements.
6. Your Rights
In accordance with applicable data protection laws, you have certain rights concerning your personal information. These rights may include:
- Right to Access: You have the right to request access to the personal information we hold about you.
- Right to Rectification: You have the right to request that incomplete or inaccurate personal information be corrected.
- Right to Erasure (Right to be Forgotten): In certain circumstances, you have the right to request the deletion of your personal information.
- Right to Restriction of Processing: You have the right to request the restriction of processing of your personal information in certain situations.
- Right to Data Portability: You have the right to receive your personal information in a structured, commonly used, and machine-readable format.
- Right to Object: You have the right to object to the processing of your personal information in certain circumstances, particularly for direct marketing purposes.
- Right to Withdraw Consent: Where processing is based on your consent, you have the right to withdraw that consent at any time. This will not affect the lawfulness of processing based on consent before its withdrawal.
To exercise any of these rights, please contact us using the contact details provided below. We may need to verify your identity before fulfilling your request.
7. Changes to This Privacy Policy
We may update this Privacy Policy from time to time to reflect changes in our practices or for other operational, legal, or regulatory reasons. We will notify you of any material changes by posting the new Privacy Policy on our online platform. We recommend that you review this Privacy Policy periodically for any changes.
8. Contact Us
If you have any questions or concerns about this Privacy Policy or our data practices, please contact us at:
Galilee Wealth Management
Paulus VI Street
Nazareth, Israel