FDP Wealth Management, LLC has developed a Business Continuity Plan on how we will respond to events that significantly disrupt our business. Since the timing and impact of disasters and disruptions 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.
We plan to quickly recover and resume business operations after a significant business disruption and respond by safeguarding our employees and property, making a financial and operational assessment, protecting the firm’s books and records, and allowing our customers to transact business. In short, 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.
Data Back-Up and Recovery: We have several layers of protection against data loss and/or natural disaster. The server’s operating system creates temporary back-ups of server files (shadow copies) and retains eight weeks of copies at any given time. Additionally, a separate on-site server creates and stores daily changes and stores a full back-up of the server at the end of each day. The third layer of protection comes from a cloud component. All data is replicated and stored on an encrypted cloud based server. All back-up data may be accessed on site or from any alternate operating location in the event of a significant business disruption.
Retention of Client Records: All client records are stored electronically using a data encrypted software document management system. These records can be accessed using an internet connection from alternate locations should a significant business disruption occur. See data back-up and recovery for additional details.
Continuity or Termination of Operations: Should we or any of our investment adviser representatives terminate operations, confirmation of termination will be made immediately using the FINRA Firm Gateway IARD system. Any existing clients will be given the option of retaining their investment adviser representative relationship through the investment adviser representative’s dual registration with ValMark Advisers, Inc. In the event of death, termination, or incapacitation of an investment adviser representative, clients will be contacted and given the option of continuing their relationship with us via another investment adviser representative.
Alternate Communications: If clients, employees, investment adviser representatives, or the Commissioner cannot contact us as they usually do at (888) 525-4690, they should go to our web site at http://www.fdpwm.com. They may also contact the Chief Compliance Officer via email at email@example.com. FDP Wealth Management, LLC only provides financial planning and consulting advisory services and does not provide asset management services. The investment adviser does not maintain relationships with any custodian.
Regulatory Reporting: The Chief Compliance Officer will immediately make any regulatory changes as required by us or any of our investment adviser representatives using the FINRA Firm Gateway IARD system.
Varying Disruptions: Significant business disruptions can vary in their scope, such as: only our firm, a single building housing our firm, the business district where our firm is located, the city where we are located, or the whole region. Within each of these areas, the severity of the disruption can also vary from minimal to severe. In a disruption to only our firm or a building housing our firm, we will transfer our operations to a local site when needed and expect to recover and resume business within the same business day. In a disruption affecting our business district, city, or region, we will transfer our operations to a site outside of the affected area, and recover and resume business within ten business days. Once operations resume, all employees and investment adviser representatives will have remote access from their home or location outside of the affected area. In either situation, we plan to continue in business and notify you through our website http://www.fdpwm.com how to contact us.
Fees: Clients will only be charged for services completed by us or our investment adviser representatives. In the event that we can no longer continue business, any pre-paid planning or consulting fees paid by clients will be returned immediately. In the event of the death or incapacitation of an investment adviser representative, clients will be contacted by the Chief Compliance Officer or an alternate investment adviser representative and any pre-paid fees will be returned immediately. FDP Wealth Management, LLC only provides planning or consulting services and does not provide asset management services.
For more information – If you have questions about our business continuity planning, you can contact us at 1 (888) 525-4690 or visit our Web site at http://www.fdpwm.com.
Clients of ValMark Securities, Inc. and/or ValMark Advisers, Inc.
If after a significant business disruption you cannot contact us as you usually do at (888) 525-4690, you should go to our web site at http://www.fdpwm.com. If you cannot access us through either of those means, you should first contact our broker-dealer, ValMark Securities, Inc. at (800) 765-5201 or their Web site at http://www.valmarkfg.com for instructions on how they may receive and enter orders, process other trade-related, cash, and security transfer transactions, and provide prompt access to client funds and securities. As a secondary option you should contact our clearing firm, Pershing, LLC at 201-413-3635 or their web site at http://www.pershing.com. For those accounts held with ValMark Advisers, Inc. (TOPS accounts) they may be reached at the same phone and web contact information as ValMark Securities, Inc.