The Zick Whitted Taub Group has developed a business continuity plan to help ensure we’re able to respond to events that significantly disrupt our business. Since the timing and impact of disasters and disruptions are unpredictable, we’ll have to be flexible in how we respond to actual events as they occur. With that in mind, we are providing you with the following information on our business continuity plan.
Our Business Continuity Plan:
We plan to quickly recover and resume business operations after a significant business disruption by safeguarding our employees and property, making a financial and operational assessment, protecting the firm’s books and records, and allowing our customers to transact business. In short, our business continuity plan is designed to permit our firm to resume operations as efficiently as possible, relative to the scope and severity of the significant business disruption.
Our business continuity plan addresses:
- Financial and operational assessments
- Alternative communications with customers, employees and regulators
- Alternate physical location of employees
- Regulatory reporting
- Assuring our customers’ prompt access to their funds and securities if we are unable to continue our business
Our clearing firm, Raymond James Financial Services, backs up our important records in a geographically separate area. While every emergency situation poses unique problems based on external factors, such as time of day and the severity of the disruption, we have been advised by our clearing firm that its objective is to restore its own operations and be able to complete existing transactions and accept new transactions and payments within two hours. Your orders and requests for funds and securities could be delayed during this period.
