November 2024
This Privacy Notice sets out, in accordance with UK GDPR and the Data Protection Act 2018, how Partners Wealth Management LLP and Partners Wealth Management Solutions Limited use and protect your personal data.
Partners Wealth Management is the trading name of Partners Wealth Management LLP and Partners Wealth Management Solutions Limited.
In this Privacy Notice the terms “us”, “our” and/or “we” refer to each of, and collectively, Partners Wealth Management LLP and Partners Wealth Management Solutions Limited.
Partners Wealth Management LLP and Partners Wealth Management Solutions Limited’s registered office is located at 1 Angel Court, London, EC2R 7HJ. Our business is the provision of financial planning and investment advice. In our engagement with clients and prospective clients we will need to hold your personal data. We set out below important information about how we process your personal data and set out the purposes for which we do so in the context of our business.
In order that we can provide you with a service that meets your precise financial goals and needs, we obtain certain information about your personal and financial circumstances.
Personal data means any information about an individual from which that person can be identified.
We may collect, use, store and transfer different kinds of personal data about you which we have grouped together as follows:
We may record our telephone calls with you where we have a regulatory obligation to do so.
We may also collect some special categories of personal data, such as information about health conditions, where this is relevant to the service we are providing to you.
Where you provide us with personal data relating to others, such as family members, you confirm that you have their consent or are otherwise entitled to provide this information to us and for us to use it in the ways described in this Privacy Notice.
We may be provided with the information listed above by either yourself, such as when engaging with us or using our services, or by others, such as:
The law requires us to have a legal basis for collecting and using your personal data. We rely on one or more of the following legal bases:
We only use your personal data where such use is permitted by laws that protect your privacy rights. We will process your personal data in the ways described below:
We may share your personal data with:
You acknowledge that your personal data may be sent internationally, including to countries outside of the European Economic Area. We will always take steps to ensure that any such transfer complies with applicable data protection laws. This involves establishing adequate contracts with third parties who may transfer your personal data internationally (where necessary) and these contracts will incorporate standard data protection clauses as approved by the Information Commissioner’s Office (ICO) to safeguard your data protection rights.
We will only retain your personal data for as long as reasonably necessary to fulfil the purposes we collected it for, including for the purposes of satisfying any legal, regulatory, tax, accounting or reporting requirements. We may retain your personal data for a longer period in the event of a complaint or if we reasonably believe there is a prospect of litigation in respect to our relationship with you.
To determine the appropriate retention period for personal data, we consider the amount, nature and sensitivity of the personal data, the potential risk of harm from unauthorised use or disclosure of your personal data, the purposes for which we process your personal data and whether we can achieve those purposes through other means, and the applicable legal, regulatory, tax, accounting or other requirements.
As a regulated business we also need to keep records for 5 years or longer if required. Our normal practice is to keep client information for at least 5 years after you cease to be a client.
You have several rights under data protection laws in relation to your personal data.
You have the right to:
Where we use consent as the lawful basis for processing your personal data, you have the right to withdraw this consent at any time. This will not affect the lawfulness of any processing of this personal data that we carried out before your withdrawal. If you choose to withdraw your consent to us processing your personal data, we may not be able to provide you with certain products and services.
Request access to your personal data (commonly known as a “subject access request”). This enables you to receive a copy of the personal data we hold about you and to check that we are lawfully processing it.
Request correction of the personal data that we hold about you. This enables you to have any incomplete or inaccurate data we hold about you corrected, though we may need to verify the accuracy of the new data you provide to us.
Request erasure of your personal data in certain circumstances. This enables you to ask us to delete or remove personal data where there is no good reason for us continuing to process it. You also have the right to ask us to delete or remove your personal data where you have successfully exercised your right to object to processing (see below), where we may have processed your information unlawfully or where we are required to erase your personal data to comply with local law. Note, however, that we may not always be able to comply with your request of erasure for specific legal reasons which will be notified to you, if applicable, at the time of your request.
In some cases, you have the right to restrict or suppress further use of your personal information. When you have exercised this right, we can still store your personal information but may not use it further unless you provide your consent for us to do so or as otherwise permitted by law.
You have certain rights to obtain and reuse your personal information for your own purposes across different organisations for example, if you wish to move to a new financial services provider. This enables you to move, copy or transfer your personal information easily between our IT systems and another provider’s safely and securely, without affecting its usability.
More information can be obtained from the Information Commissioner’s website.
If you have any questions about this Privacy Notice or the personal data we obtain and process about you, please contact:
Partners Wealth Management
1 Angel Court
London
EC2R 7HJ
Email us: data.protectionpwm@partnerswealthmanagement.co.uk
If you do not believe we have handled your information as set out in this Privacy Notice, or you otherwise wish to complain about our handling of personal data relating to you, please contact us at the above address.
If you are not satisfied with our response to your complaint or believe our processing of your information does not comply with data protection law, you can make a complaint to the ICO at:
Information Commissioner’s Office,
Wycliffe House,
Water Lane,
Wilmslow,
Cheshire
SK9 5AF.
Tel: 0303 123 1113
We keep our privacy policy under regular review.
It is important that the personal data we hold about you is accurate and current. Please keep us informed if your personal data changes during your relationship with us, for example a new address or email address.
For further information on how we can help you build and protect your wealth, please contact us.