Privacy Policy

I. Acquisition of Client Information

Weld, Riley, Prenn & Ricci, SC collects nonpublic personal information about our clients from the following sources:

Information You Provide: Our client engagements routinely require us to obtain private information about our clients so that we can proceed with the various services we perform for our clients.

Other Sources: Depending upon the particular service a client has engaged us to perform, we may request nonpublic information concerning the matter at hand. This information is not, however, obtained without our client's specific authorization of the type of information and the source from which it is obtained.

Consumer Reporting Agencies: We do not obtain nonpublic personal information about our clients from consumer reporting agencies.

II. Disclosure of Nonpublic Personal Information

Weld, Riley, Prenn & Ricci's policy is to never disclose nonpublic personal information, or any other confidential information, about our clients. Nonpublic personal information is defined in the regulations as follows: any publicly available information that we acquire by using information you have provided to us, in connection with any professional services we perform for you, which is not public information. An example would be a bank account number that is somehow used to acquire information regarding a court trial or other public record that would not have been found by us without using your bank account number which we acquired from you. For purposes of our business relationships with our clients, all information acquired is only distributed under the following conditions:

Employees of Weld, Riley, Prenn & Ricci SC: Employees that need such information to conclude a transaction for which the client has engaged Weld, Riley, Prenn & Ricci.

Agents of Weld, Riley, Prenn & Ricci SC: As with any business, we have our own accounting, insurance and other service firms which we may need to provide information that the regulations consider nonpublic personal information. An example might be your account activity for our accounting firm to prepare financial statements for our internal or external purposes. Another example would be computer consultants that must have access to certain client records so as to be able to increase the efficiency of our computer processing systems. We have always insisted that any such information that needed to be disclosed for a business purpose be considered confidential and not used for any purpose other than the specific business need. That well understood business policy of confidentially will be reinforced by a letter to Weld, Riley, Prenn & Ricci's service providers referencing the FTC regulations.

Others: Other than as stated above, we do not disclose nonpublic personal information, or any other information, to any outside party that the client has not specifically authorized to allow Weld, Riley, Prenn & Ricci SC to disclose the information to. An example would be other professionals that are assisting Weld, Riley, Prenn & Ricci SC in carrying out a client engagement. In such a case, we would require the client's approval for such a disclosure. In addition to the privacy protection that the new FTC regulations provide, the Internal Revenue Code prevents the disclosure of client information provided for tax planning or preparation services, without the client¹s written permission. Further, most, if not all, professionals who are licensed to practice law in Wisconsin are precluded by the rules of professional responsibility from disclosing client information. We maintain physical, electronic and procedural safeguards that comply with federal regulations to guard our client's nonpublic personal information, or any other information, so as to ensure our clients that protecting their privacy is a major part of Weld, Riley, Prenn & Ricci's commitment to provide the finest service possible.

III. Opt Out Provision

The Federal Trade Commission's regulations provide that this notice must include a provision for you to request that Weld, Riley, Prenn & Ricci SC not release your nonpublic personal information. While such a request is unnecessary, because Weld, Riley, Prenn & Ricci SC does not disclose your nonpublic personal information in a manner that would allow you to opt out, in the interests of satisfying the regulations, we include this Opt Out Provision.

Please call if you have any questions. Your privacy, our professional ethics and the ability to provide you with the finest services possible are very important to us.