In order to minimize loss and maintain productivity during a business disruption and when employees are working remote, it is crucial that registered investment advisers ("RIA") firms have a business continuity plan in place. Not only is this a regulatory requirement, but a robust plan holds firms to its fiduciary requirements by minimizing any potential harm to clients during a service disruption. While a firm's plan is unique to its business operations, there are considerations that every RIA firm should take into account when building its business continuity and disaster recovery plan.
To help, we created this complimentary checklist outlining 10 tips for building a business continuity and disruption plan.
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Note: RIA in a Box LLC is not a law firm, investment advisory firm, or a CPA firm. RIA in a Box LLC does not provide legal advice or opinions to any party or client. You should always consult your relevant regulatory authorities as this information should not be relied upon as currently accurate. This information is provided for educational purposes only and is not an exhaustive list of regulatory requirements.
