How Safe Is Your Client Data?

November 2003
Journal of Financial Planning;Nov2003, Vol. 16 Issue 11, p38
Academic Journal
The article presents an article on that actions that should be taken to protect the information collected about clients. There is a need to investigate and know exactly how good one's building security is. Add dead-bolts, although these can also be destroyed, it does make an attempted break in more difficult and may act as a deterrent. Install an alarm system so if there is a break-in, there will be a piercing alarm to scare away the intruders. The security events should also be considered in the context of mobile computing, including laptops with data on them and hand-held computers. Many financial advisors wish to have access to some of their client data when they are out of the office. This data usually includes names, addresses, telephone numbers, e-mails, notes and possibly some financial information. If an advisor were to lose his or her handheld computer and clients began having problems because certain private information was in the hands of a criminal, the advisor would have a tough time explaining to clients how carrying around client information fit within the advisor's privacy policy or duty for confidentiality. There are many great ways to access an office from a remote computer.


Related Articles

  • Cybersecurity Best Practices: 6 Tips. Case, Ingrid // Financial-planning.com;7/ 1/2014, p4 

    The article discusses tips and techniques to minimize cybercrimes and internet frauds. According to cybersecurity experts, fraudulent emails might increase the risk for financial planners and their clients. Preventive techniques such as encryption of information in emails, sending...

  • Consumers investing more in self-reliance.  // Financial Planning;Jan1998, Vol. 28 Issue 1, p34 

    Reports on the study conducted by marketing research firm in Los Angeles Marketing Matrix concerning investors, advisers and fund group leaders. Source of investor information; Role of financial planners and fund companies in the investment process.

  • Hellish Clients. Vessenes, Katherine // Financial Planning;Apr2002, Vol. 32 Issue 4, p108 

    Offers pieces of advice for financial planner on handling clients. Screening of clients; Tips on negotiating with clients; Types of clients that should be terminated.

  • Answers to Function Survey...  // Journal of Financial Planning;Feb1997, Vol. 10 Issue 1, p14 

    Presents the findings of a DALBAR Inc. survey concerning the rankings of investors who use a personal financial advisor. Functions value

  • TEN YEARS AGO IN THE JOURNAL.  // Journal of Financial Planning;Feb1997, Vol. 10 Issue 1, p15 

    Cites a Winter 1996 issue of the `Journal of Financial Planning,' which carried an article by Iowa State University professors profiling

  • With financial advisors, remember to trust, but verify. Moore, Susan // Inside Tucson Business;9/7/2012, Vol. 22 Issue 14, p18 

    The article offers information on the importance of checking the background and credibility of financial advisors before investing money.

  • Planners see growth appetite bounce. Pokrajac, Milana // Money Management;5/23/2013, Vol. 27 Issue 19, p1 

    The article reports on the increased demand for growth assets amongst financial planners and investors in Australia in 2013.

  • Margin Called. Simonoff, Evan // Financial Planning;Nov98, Vol. 28 Issue 11, p13 

    Focuses on the retail investors who are trying to meet margin calls. Challenges to be faced by investors who are trying to meet margin calls; Warnings offered by financial advisers to investors.

  • Advisers need to engage young dissatisfied investors. Tsanadis, Andrew // Money Management;12/1/2011, Vol. 25 Issue 46, p10 

    The article reports on the significance for the financial advisers to get involved with the young dissatisfied investors in Australia.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics