Financial
Designs, Ltd has developed a Business Continuity Plan on how we will respond to
events that significantly disrupt our business.
Since the timing and impact of disasters and disruptions is unpredictable,
we will have to be flexible in responding to actual events as they occur. With that in mind, we are providing you with
this information on our business continuity plan.
Contacting
Us – If after a significant
business disruption you cannot contact us as you usually do at (858) 597-1980,
you should call our alternative number (877) 597-1980 or go to our web site at www.moneytalkradio.com. If you cannot access us
through either of those means, you should contact our broker/dealer firm, Independent
Financial Group, LLC, at (800) 269-1903 or www.ifgsd.com
for instructions on how it may provide you the contact information for your
Third-Party Investment manager or custodian. The Third-Party manger/custodian
will be able to provide prompt access
to your funds and securities, enter orders and process other trade-related,
cash, and security transfer transactions for you.
Our
Business Continuity Plan – We plan to quickly recover and resume business operations after a
significant business disruption and respond 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 quickly as possible, given
the scope and severity of the significant business disruption.
Our
business continuity plan addresses: data back up and recovery; all mission
critical systems; financial and operational assessments; alternative
communications with customers, employees, and regulators; alternate physical
location of employees; critical supplier/contractor, and third-party manager
impact; regulatory reporting; and assuring our customers prompt access to their
funds and securities if we are unable to continue our business.
Our
broker/dealer firm, Independent Financial Group, LLC, backs up some of 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 broker/dealer firm that
its objective is to restore its own operations and be able to complete existing
transactions and accept new transactions and payments within 24 hours. Your
orders and requests for funds and securities could be delayed during this
period.
Varying
Disruptions –
Significant business disruptions can vary in their scope, such as only our
firm, a single building housing our firm, the business district where our firm
is located, the city where we are located, or the whole region. Within each of these areas, the severity of
the disruption can also vary from minimal to severe. In a disruption to only our firm or a
building housing our firm, we will transfer our operations to a local site when
needed and expect to recover and resume business within 3 business days. In a disruption affecting our business
district, city, or region, we will transfer our operations to a site outside of
the affected area, and recover and resume business within 5 business days. In either situation, we plan to continue in
business, transfer operations to our broker/dealer firm if necessary, and
notify you through our web site www.moneytalkradio.com
or our customer emergency number, (877) 597-1980 how to contact us. If the significant business disruption is so
severe that it prevents us from remaining in business, we will assure our
customer’s prompt access to their funds and securities.
For
more information – If you have questions about our business continuity planning, you
can contact us at (858) 597-1980 OR Compliance@financialdesignsltd.com.