Business Continuity Plan – State Requirements

Just spent the last couple of days at the SSG Conference here in San Diego.  There was a lot of discussion and a panel about Business Continuity/Succession Planning.  I thought it might be helpful to post some minimum requirements for a Business Continuity Plan.

  1. Who would wind down the business in the event of your death or incapacity
  2. Who would notify the clients
  3. How will the client accounts continue to be monitored until an orderly liquidation, distribution or transfer of client portfolios is achieved
  4. How will credit demands of the firm be met
  5. Data backups sufficient to allow rapid resumption of the investment advisor’s activities
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