Shapiro+Raj Privacy Policy
Effective Date: September 4, 2026
Last Updated: September 4, 2026
1. Introduction
Leo J. Shapiro & Associates, LLC, doing business as Shapiro+Raj, referred to in this policy as Shapiro+Raj, S+R, we, us, or our, respects your privacy and is committed to protecting personal information.
This Privacy Policy explains how we collect, use, disclose, and protect personal information in connection with our website, shapiroraj.com, our marketing and business development activities, and our interactions with clients, prospective clients, vendors, and other business contacts.
This Privacy Policy does not govern personal information processed solely on behalf of our clients in connection with specific market research or consulting engagements where separate contractual, research, consent, or privacy terms apply.
2. Information We Collect
We may collect the following categories of personal information.
Information you provide directly to us
- Name, company, job title, business email address, and telephone number
- Information submitted through contact forms, proposal requests, newsletter subscriptions, event or webinar registrations, and similar forms
- Communications you send to us by email, telephone, or other means
- Information provided in connection with an existing or prospective business relationship
Information collected automatically when you visit our website
- IP address and approximate geographic location derived from your IP address
- Browser type, device type, operating system, and similar technical information
- Pages visited, time spent on pages, referring URLs, and website interactions
- Cookie identifiers, advertising identifiers, and similar online identifiers
- Information about how visitors interact with our website and digital campaigns
Information obtained from third parties
We may receive professional and business contact information from third party sources, including business intelligence, professional networking, marketing, advertising, and data enrichment providers. This may include information such as name, job title, company, professional contact information, and information regarding organizations or business audiences interacting with our website or marketing activities.
3. How We Use Personal Information
- Respond to inquiries and communicate with prospective and current clients
- Provide our research, insights, strategy, consulting, and related services
- Manage business and client relationships
- Send information about Shapiro+Raj services, events, research, thought leadership, and other business related communications
- Conduct account based marketing and other B2B business development activities
- Measure website traffic, engagement, and campaign performance
- Deliver and measure digital advertising and retargeting
- Understand organizations and audiences engaging with our website and marketing
- Improve our website, services, marketing activities, and user experience
- Maintain the security and integrity of our website and systems
- Detect, investigate, and prevent fraud, misuse, security incidents, or other unlawful activity
- Comply with applicable legal and regulatory obligations
- Protect our rights, property, employees, clients, and others
We may also use artificial intelligence assisted technologies in connection with our internal operations and the delivery and development of our research and insights services, subject to applicable contractual, confidentiality, security, and data protection requirements.
4. Cookies and Tracking Technologies
We use cookies and similar technologies to operate our website, understand how visitors use it, measure marketing effectiveness, and support digital advertising.
These technologies may include essential technologies needed for the website to operate, analytics technologies that help us understand website traffic and performance, functional technologies that help remember preferences and improve functionality, and advertising and marketing technologies used to measure campaigns, deliver relevant advertising, create or reach advertising audiences, and support retargeting.
Third parties that may provide analytics, advertising, marketing, CRM, or related technologies include providers such as HubSpot, Google, LinkedIn, Meta, The Trade Desk, Apollo.io, ZoomInfo, and other vendors used in our business and marketing activities.
You can manage available cookie and tracking preferences through the consent management tools presented on our website. You may also use browser settings and other available privacy controls. For visitors in jurisdictions requiring prior consent for nonessential cookies, such technologies will be subject to the consent choices made through our website.
5. Digital Advertising and Targeted Advertising
We may work with advertising and analytics partners to measure advertising performance, understand website engagement, deliver advertising, and reach relevant business audiences.
We do not sell personal information for monetary consideration.
Certain digital advertising activities may be considered a sale, sharing, targeted advertising, or similar activity under particular privacy laws even when no money changes hands.
Where applicable, you may opt out of such activities through our website privacy or cookie controls. We also recognize legally required browser based opt out preference signals, including Global Privacy Control, where applicable.
6. Legal Bases for Processing for EEA and UK Individuals
If you are located in the European Economic Area or United Kingdom, we process personal data where we have an appropriate lawful basis.
- Legitimate interests, including B2B marketing and business development, managing business relationships, website analytics, improving our services, protecting our systems, and preventing fraud, where those interests are not overridden by your rights and interests
- Consent, where you have provided consent for particular marketing, cookies, or other processing
- Contractual necessity, where processing is necessary to enter into or perform a contract with you or your organization
- Legal obligations, where processing is necessary to comply with applicable law
Where consent is the basis for processing, you may withdraw that consent at any time.
7. How We Disclose Personal Information
We may disclose personal information to the following categories of recipients.
- Service providers and technology vendors that support our website, communications, CRM, analytics, advertising, IT, security, and business operations
- Advertising and marketing partners as described in this Privacy Policy and subject to applicable privacy choices
- Professional advisors, including attorneys, accountants, auditors, consultants, and insurers
- Affiliates and related entities supporting our operations or service delivery
- Government authorities, regulators, law enforcement agencies, or courts when required by law or where reasonably necessary to protect legal rights
- A purchaser, investor, successor, or other relevant party in connection with an actual or potential merger, acquisition, financing, reorganization, sale of assets, or similar corporate transaction
We require service providers that process personal information on our behalf to do so in accordance with applicable contractual and data protection requirements.
8. Your Privacy Rights
Depending on where you reside and applicable law, you may have rights regarding your personal information.
- Request access to or information about personal information we maintain about you
- Request correction of inaccurate personal information
- Request deletion of personal information
- Request a portable copy of certain personal information
- Object to or restrict certain processing
- Withdraw consent where processing is based on consent
- Opt out of certain targeted advertising, sale, or sharing of personal information
- Appeal certain decisions regarding privacy rights requests where applicable
- Lodge a complaint with an applicable data protection authority
- Exercise privacy rights without unlawful discrimination
To exercise a privacy right, contact us at info@shapiroraj.com. We may need to verify your identity before completing certain requests. We will respond within the time required by applicable law. You may also use an authorized agent to submit a request where permitted by law.
9. Data Retention
We retain personal information for as long as reasonably necessary for the purposes for which it was collected, including maintaining business relationships, providing services, conducting legitimate business and marketing activities, resolving disputes, protecting our legal rights, and complying with legal obligations.
Retention periods may vary depending on the nature of the information and the purpose for which it is processed.
If you unsubscribe from marketing communications or exercise an applicable opt out right, we may retain limited information necessary to record and honor that preference.
10. International Data Transfers
Shapiro+Raj is based in the United States.
If you are located outside the United States, your personal information may be transferred to, stored in, or processed in the United States or other countries in which we or our service providers operate.
Where required by applicable law, we use appropriate safeguards for international transfers of personal information, which may include contractual protections such as Standard Contractual Clauses or other legally recognized transfer mechanisms.
11. Data Security
We maintain reasonable administrative, technical, and organizational safeguards designed to protect personal information against unauthorized access, disclosure, alteration, loss, or destruction.
These safeguards may include access controls, security monitoring, encryption where appropriate, vendor security requirements, and other protections appropriate to the nature of the information and our systems.
No method of electronic transmission or storage is completely secure, and we cannot guarantee absolute security.
12. Children's Privacy
Our website and services are intended for business and professional audiences and are not directed to children.
We do not knowingly collect personal information from children under 16 through our website. If we learn that we have collected personal information from a child in circumstances requiring its deletion, we will take appropriate steps to remove it.
13. Third Party Websites
Our website may contain links to third party websites or services. Their privacy practices are governed by their own privacy policies, and Shapiro+Raj is not responsible for the privacy practices of third parties that we do not control.
14. Changes to This Privacy Policy
We may update this Privacy Policy periodically to reflect changes in our practices, technology, legal requirements, or other factors.
When we make changes, we will update the Last Updated date at the top of this policy. Where required by law, we will provide additional notice regarding material changes.
15. Contact Us
For questions about this Privacy Policy or our privacy practices, or to submit a privacy related request, contact Shapiro+Raj using the information below.
Shapiro+Raj
Leo J. Shapiro & Associates, LLC d/b/a Shapiro+Raj
425 S. Financial Place, Suite 3250
Chicago, Illinois 60605
info@shapiroraj.com
312 965 2319