Beltway-area advisors are rocked by the snowstorms of the century
Financial advisors are out shoveling like crazy but web connections minimize setbacks
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September 24, 2019 at 2:02 AM
Bill Winterberg
There should be no reason today for an advisor to need to go to an office to get work done.
Technology exists to allow advisors to conduct business from any location with a reasonably-priced laptop and a secure Internet connection. All core systems including portfolio accounting, CRM, document management, and financial planning should be available remotely. If anything, it allows for business continuity in the event the physical office is inaccessible.
All advisors should evaluate their technology infrastructure and prepare for events such as the blizzard of 2010. We’ve seen virtual office technology in use before during hurricanes, ice storms, earthquakes, and even outbreaks of H1N1 among employees.
Bill @ <a href="http://fppad.com">FPPad.com</a>
Elizabeth MacBride
In New York and Washington, D.C., the need for contingency planning is never far from anybody’s mind. The blizzards reminded me to revisit emergency plans. Among other things, I printed out my lists of important phone numbers. There’s nothing worse than feeling isolated a disaster, natural or otherwise.
Nancy Johnson Jones
For many advisers on the east coast, this presented a “real life” test of your business continuity plan. Document what worked – and if something didn’t work as planned document it as well. That’s your test for the year. Add it to your compliance program annual review file, and you can check a very important (and often overlooked) item off of your to-do list! The regulators will love it!
