Your business resumption plan is only good if it works, and if all your staff--even the recently added ones--are trained on what to do in the event of an emergency. One of my favorite ways to determine if your staff truly understands the business resumption plan is to run a surprise test. Not having an opportunity to "prepare" for a test lets you see who can react quickly and remember what needs to be done. Of course you wouldn't do this on a busy day, but pick a day when it is a little quieter around the office. A surprise test also best mimics a power outage, which is one of the more common events that impacts advisors.
Focus working with mature clients including what are the characteristics of a sound goals-based investing method, how big is longevity risk, and a reevaluation of...
Digital Transformation and the Advisor: Keeping pace with a rapidly evolving competitive landscape will show you how to take advantage of—rather than feel threatened by—financial...
Secure the future of your business with customers from the largest generation in history.
Oct 20, 2016
Learn what critical roles document management serves for wealth management firms and their practical operational advice for running a viable business.
Oct 05, 2016
Some broker-dealers have already decided to exit certain lines of business and are sizing up how the rule will impact their IT and compliance budgets....
Sep 13, 2016
Nationwide is providing a deeper look into the rule’s implications and a discussion of decisions firms will need to make in order to comply.