Fiduciary Duty, Disclosures and Privacy Policy

Registered investment advisers owe a fiduciary duty to their clients. As such, an investment adviser stands in a special relationship of trust and confidence with its clients. As a fiduciary, an investment adviser has an affirmative duty of care, loyalty, honesty, and good faith to act in the best interests of its clients. The parameters of an investment adviser’s fiduciary duty depend on the scope of the advisory relationship and generally include the following duties:

 

  1. to place the interests of clients first at all times;

  2. to have a reasonable basis for its investment advice;

  3. to seek best execution for client securities transactions where the adviser directs such transactions;

  4. to make investment decisions consistent with any mutually agreed upon client objectives, strategies, policies, guidelines, and restrictions;

  5. to treat clients fairly;

  6. to make full and fair disclosure to clients of all material facts about the advisory relationship, particularly regarding conflicts of interest; and

  7. to respect the confidentiality of client information. This fiduciary duty differs from the suitability obligations that govern brokers.

Tamalpais Asset Management's official filings with state and national regulators.

Tamalpais Asset Management (TAM) ADV – Part 2A (PDF)

Tamalpais Asset Management - Michael Bristow (TAM) ADV – Part 2B (PDF)

Tamalpais Asset Management - Austin Milliken (TAM) ADV – Part 2B (PDF)

TAM's Client Wealth Management Agreement (WMA) – Clients can fill out scan or take a pic and send back via phone or email

Tamalpais Asset Management (TAM) Wealth Management Agreement (WMA) (PDF)

Tamalpais Asset Management's official filings with state and national regulators.

Tamalpais Asset Management, LLC  Form ADV 1

Tamalpais Asset Management, LLC Policy and Proceedure Manual

Privacy Policy

Investment Advisers are required by law to inform their clients of their policies regarding privacy of client information. We are bound by professional standards of confidentiality that are even more stringent than those required by law. Federal law gives the customer the right to limit some but not all sharing of personal information. It also requires us to tell you how we collect, share, and protect your personal information. Below are the privacy policy and protocols for Tamalpais Asset Management, LLC. Please contact us if you have any questions, comments, concerns regarding any matter contained herein.

 
Types of Non-Public Personal Information (NPI) we collect

We collect nonpublic personal information about you that is either provided to us by you or obtained by us with your authorization. This can include but is not limited to your Social Security Number, Date of Birth, Banking Information, Financial Account Numbers and/or Balances, Sources of Income, Tax Returns, Mortgage Information, Estate Planning Documents, and Credit Card Numbers or Information. When you are no longer our customer, we may continue to share your information only as described in this notice.
 

Parties to whom we disclose NPI

All Investment Advisers may need to share personal information to run their everyday business. In the section below, we list the reasons that we may share your personal information:

  • For our and our affiliates and service providers’ everyday business purposes, such as to process your transactions, maintain your account(s), provide performance reporting, or archive and organize your data;

  • To allow us to, either directly or in conjunction with non-affiliates, market, sell, or offer various investment related products & services to you;

  • In connection with the joint provision of financial advice involving complementary service providers such as estate planning, tax, or lending professionals;

Or to respond to court orders, financial regulatory organizations such as FINRA & the SEC, or legal investigations.

 

If you are a new customer we may begin sharing your information on the day you sign our agreement. When you are no longer our customer, we may continue to share your information as described in this notice. However, you can contact us at any time to limit our sharing.

 

Protecting the confidentiality of current & former client information

To protect your personal information from unauthorized access and use, we use security measures that comply with federal law, including computer safeguards and secured files and building.

 
Federal Law gives you the right to limit sharing - opting out

Federal law allows you the right to limit the sharing of your NPI by “opting-out” of the following: sharing for non-affiliates’ everyday business purposes – information about your creditworthiness; or sharing with affiliates or non-affiliates who use your information to market to you. State laws and individual companies may give you additional rights to limit sharing. Please notify us immediately if you choose to opt out of these types of sharing.

​​

Definitions

Affiliates – companies related by common ownership or control. They can be financial and non-financial companies.
Non-Affiliates – companies (financial and non-financial) not related by common ownership or control.
Joint Marketing – an agreement among non-affiliated companies that co-market financial products or services to you.