Investment Advisor Continuity Assessment

Business Continuity Plan

Score your practice with our 10-min assessment
Designation Person/Authorization Levels for Succession Plan
- Principal/equity owners – full authorization
- Designated persons - Someone with authorization to continue business operations and/or estate matters
- Staff – someone who will continue business operations from admin. Admin gives them access to information needed to fulfill their business operations only.
- Contributors – works with admin/staff to continue business operations. They can be a succession partner or third-party worker.
Admin – (Principal of Firms) *

First Name Last Name
Email
example@example.com
Admin (designated persons can be an executor of estate, spouse, operations partner)

First Name Last Name
Email
example@example.com
Staff (primary)

First Name Last Name
Email
example@example.com
Staff (secondary)

First Name Last Name
Email
example@example.com
Contributor (primary consultant/key vendor)

First Name Last Name
Email
example@example.com
Disaster/Scenarios
Do you have a plan in place to continue business operations in light of disruptions?(Natural disaster, pandemic, fires, etc.)

Yes No
If yes, briefly mention (any gaps):
Backup office locations
Do you have backup location for office/record in light of disruptions?(Natural disaster, pandemic, fires, etc.)

Yes No
If yes, briefly mention (any gaps):
Communication
Do you have a way to communicate with regulators, vendors, custodians, and clients?(virtual conferences, telephone, interest/app)

Yes No
If yes, briefly mention (any gaps):
Training
Do you have a way to train, test, and communicate procedures with key personnel?

Yes No
If yes, briefly mention (any gaps):
Unexpected Death, Illness, or Incapacitation
Do you have a succession plan in case of unexpected death or incapacitation?(communication to authorized parties, clients)

Yes No
If yes, briefly mention (any gaps):
Retirement/Selling Practice
Do you have a plan in case of expected retirement/selling practice?

Yes No
If yes, briefly mention (any gaps):
Corporation/Business Entity
Do you have a plan to close or transfer a business/entity in expected or unexpected circumstances?

Yes No
If yes, briefly mention (any gaps):
Books, Records, Passwords
Do you have a plan to transfer business passwords/records to authorized parties in expected or unexpected circumstances?

Yes No
If yes, briefly mention (any gaps):
Factors to consider

For Admin/Principal	For Staff/Key Personnel
Disaster/Scenarios Planning	Key Personnel Procedures
Firm Mergers/Acquisitions	Books/Records Passwords
(Client records) Business/Corporation Procedures	Testing/Remote working
Retirement/Transfer of Personnel	Business Communications
Instructions upon Succession/Death/Incapacitation

Calculation
Assess - How well are you prepared?

Score: 0 /8

Unprepared! Your business continuity plan is poorly controlled and reactive. Contact us today to help!
Assess - How well are you prepared?

Score: 0 /8

Unmanaged! Your business continuity plan is incomplete and reactive. Contact us today to help!
Assess - How well are you prepared?

Score: 0 /8

Defined. Your business continuity plan is in progress and proactive, but it's still incomplete. Contact us today to help!
Assess - How well are you prepared?

Score: 0 /8

Quantitatively Managed. Your business continuity plan is almost complete and very proactive. Contact us today to help!
Assess - How well are you prepared?

Score: 0 /8

Optimizing. Your business continuity plan is complete, comprehensive, and proactive. Remember to periodically review your plans and update them as needed. Contact us today to help!
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