Summary: Business continuity and disaster planning has been a focus of the Securities and Exchange Commission in its examinations of Registered Investment Advisors in recent years, following the impact of disasters such as Hurricane Sandy on advisors in the affected region, as well as increased concern over cybersecurity risks.
 As a fiduciary, the investment advisor must always be focused on mitigating risk and protecting customers’ assets. A strong business continuity and transition plan is integral to achieving this and should be a key objective of companies and chief compliance officers in particular."Katelyn Kogan is an audit manager with New York-based accounting firm WeiserMazars, and Carlos Martins is a partner with the firm. |
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