Disaster

In the wake of the Hurricane Katrina, much has been written about surviving disasters of one sort or another. Financial Advisors have devoted time and resources to helping clients affected by such cataclysmic events. However, questions remain over how prepared the business owner’s firm may be in the event of a disaster.

You should ask yourself if you have made any preparations for emergency situations such as the interruption of electrical power, phone lines being cutoff, damage to the office structure, fire, theft, water damage, loss of computer functionality (hard drive crashes, motherboard failure, computer viruses, etc.) or any number of other similar situations.

If your firm is a financial services firm, much of what is involved here is mandated through FINRA (formerly NASD), SEC and other compliance rules. Sarbanes-Oxley compliance on offsite storage of client information is just part of the issue. However, any type of business can benefit from a disaster plan.

In our evaluation process, we study how prepared you are in the event of a disaster. And, we offer specific recommendations on things you can do to protect your practice, your clients (customers) interests and yourself.

Check out these four free resources (click on any link):

List of eight questions

Important documents and information checklist

Emergency contact list template (MS Word)

Seven PowerPoint Slides

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