Firm leaders aren’t invulnerable. RIAs should have backup plans in place to prevent chaos in the event of sudden bad news.

Explain clearly and succinctly that the aim of your business continuity plan is to protect your business in the event of a disruption to business-critical processes. 2. Business-critical processes ...

How to Conduct Testing of a Business Continuity Plan. It is important for your firm to have a business continuity plan because in the event of a disaster that causes a business shutdown--a fire or ...

Regulators will conduct surveys and sweep exams to assess how your firm’s BCP handled — or didn’t — the COVID-19 pandemic ...

For example, the term disaster recovery may be used to describe business continuity, but its typically reserved to reference strategic plans for recovery and resumption of only critical ...

A well-thought-out BCP protects client relationships and ensures the business is functional regardless of the circumstances. Proactively reassess your BCP plan to avoid panic in times of emergency.

From a safe social distance, I’ve been fielding frantic calls from organizations that don’t have a business continuity plan to help them respond to the spread of the COVID-19 global pandemic.