425 WEST 23RD STREET

SUITE 1EE

NEW YORK, NY 10011

OFFICE (212) 372 3403

FAX (212) 202 4896

YOUR MONEY, YOUR LIFE

Chelsea Financial Services and its employees are committed to protecting your privacy and to safeguarding that information.

Your relationship with Chelsea Financial Services is based on trust and confidence. To fulfill its responsibilities to you, Chelsea Financial Services requires that you provide current and accurate financial and personal information. You deserve to expect that Chelsea Financial Services will protect the information you have provided in a manner that is safe, secure and professional.

Safeguarding Customer Documents

We collect non-public customer data in checklists, forms, in written notations, and in documentation provided to us by our customers for evaluation, registration, licensing or related consulting services. We also create internal lists of such data.

During regular business hours access to customer records is monitored so that only those with approval may access the files. During hours in which the company is not in operation, the customer records will be locked.

No individual who is not so authorized shall obtain or seek to obtain personal and financial customer information. No individual with authorization to access personal and financial customer information shall share that information in any manner without the specific consent of a firm principal. Failure to observe Chelsea Financial Services procedures regarding customer and consumer privacy will result in discipline and may lead to termination.

Sharing Nonpublic Personal and Financial Information

Chelsea Financial Services is committed to the protection and privacy of its customers’ and consumers’ personal and financial information. Chelsea Financial Services will not share such information with any nonaffiliated third party except:

• When necessary to complete a transaction in the account, such as with the clearing firm or account custodians;

• When required to maintain or service a customer account;

• To resolve customer disputes;

• When requested by a fiduciary or beneficiary on the account;

• To rating agencies, or to the client’s attorneys or accountants;

• When required by a regulatory agency, or for other reasons required or permitted by law;

• In connection with a sale or merger of [Firm Name]’s business; or

• In any circumstances with the customer’s instruction or consent.

Opt-Out Provisions

It is not a policy of Chelsea Financial Services to share nonpublic personal and financial information with unaffiliated third parties except under the circumstances noted above. Since sharing under the circumstances noted above is necessary to service customer accounts or is mandated by law, there are no allowances made for clients to opt out.