Business Continuity Issues: Prepare for Unexpected and Planned Transitions

Financial planners should realize that the issue of business continuity is an important part of their business planning. No area in the US is immune from the possibility of a disaster, and a comprehensive disaster plan to protect the firm and its clients is a necessity. Prime areas to focus on withi...

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Bibliographic Details
Published in:Journal of Financial Planning 2008-04, p.18
Main Author: Lawrence, David L
Format: Article
Language:English
Subjects:
Contingency planning
Corporate planning
Emergency preparedness
Financial planners
Online Access:Get full text
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Summary:Financial planners should realize that the issue of business continuity is an important part of their business planning. No area in the US is immune from the possibility of a disaster, and a comprehensive disaster plan to protect the firm and its clients is a necessity. Prime areas to focus on within your firm are: technology, business documentation and office issues. In the realm of electronic data recovery, there are a lot of options available to protect a practice. Backup systems, such as tape drives, external removable hard drives and similar devices are simply not effective if that data is not protected offsite. For information that does not get stored on computers consider a grab-and-go container. Training your employees is critical to the smooth transition and continuous operation of a practice during and after a disaster.
ISSN:1040-3981