TITLE

Test Drive Your Disaster Recovery Plan

AUTHOR(S)
Day, Jo; Day, Kevin
PUB. DATE
September 2006
SOURCE
Journal of Financial Planning;Sep2006 Supplement, p10
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article reports on business disaster recovery plans. United States federal regulations require advisory firms to conduct an annual review of their compliance policies and procedures. However, many financial advisers have not yet formally tested their disaster recovery plan. An example is provided by George Young, of Villere & Company in New Orleans, Louisiana, regarding the preparations they made for 2005's Hurricane Katrina. The extensive devastation caused by Katrina made portions of Young's disaster recovery plan obsolete. A tip sheet is included for client call trees and how to activate phone and web services after natural disasters. INSET: Lessons Learned: A Tip Sheet from Practitioners.
ACCESSION #
22334890

 

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