BUSINESS CONTINUITY PLAN DISCLOSURE
The purpose of this letter is to inform you our clients that Investment Placement Group has developed a Business Continuity Plan in the event of a significant business disruption. Since the timing and impact of a disaster 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.
IPG maintains its office at 350 10th Avenue, Suite 1150, San Diego, CA 92101, telephone number (619) 326 1200; fax (619) 684 3606, email: (person’s first name whom you wish to email@example.com) and in the case of a significant business disruption (SBD), you should contact us by telephone or go to our web site at www.investipg.com If we cannot be accessed through either of those means, you should contact our clearing firm, Pershing, LLC. in writing via facsimile at (201) 413-5368 or by postal service at Pershing, LLC. P.O. Box 2065 Jersey City, NJ 07303-2065
For additional information about how to request funds and securities when your financial organization cannot be contacted due to a significant business interruption, you can visit www.pershing.com/client_support section or call (201) 413-3635 for recorded instructions.
If you cannot access the instructions from website or the previously noted telephone number, you may call (213) 624-6100, extension 500, an alternate Pershing number for recorded instructions.
Our Business Continuity Plan
In the event of an emergency or major disruption, the safety of our employees is a vital concern for IPG. The firm will communicate with its employees via telephone, in person or any other available means to us. We will use a direct-targeted outreach, one employee calling another, and so on… General closures as such as office closures and operation hours will be posted in the Firm’s Web site or a recorded updated when available. Protecting our primary facilities is high priority. Since Investment Placement Group (IPG) does not maintain custody of customer’s funds or securities, which are maintained by our clearing firm, our account executives will still be able to service our clients in the event of a major physical disruption to our facilities. In the event of a significant business disruption, (SBD). Investment Placement Group will immediately regroup to an alternate location where we will have telephones, faxes and computers and systems available which will enable us to continue the business. 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, employers and regulators; alternate physical locations of employees; critical suppliers, contractors and counter-party impact; regulatory reporting; and assuring our customers prompt access to their funds and securities if we are unable to continue business.
The Firm’s comprehensive business continuity strategy is designed to enable us to meet our existing obligations to our clients, even in the event of an emergency or significant business disruption; however it is not infallible. The plan is designed to work in many different emergency situations; but emergencies are sometimes by nature, unpredictable and it is impossible to anticipate every scenario that could cause a business disruption. Furthermore, although we are confident with our own preparedness, IPG has no control over the various entities we must depend upon in the event of an emergency. Our business continuity plan will be tested periodically to ensure readiness; but such test might not be able to replicate the actual conditions of a real emergency. This BCP is subject to change without notice. Clients will receive copy of this statement at account opening and may obtain a hard copy upon written request.