NASAA’s proposal to require investment advisers to adopt business continuity and succession plans includes Model Guidance which covers a variety of issues that should be considered by investment advisers in developing business continuity and succession plans. Smaller firms should focus on the issues unique to their smaller size as well as the risks associated with their particular firm. The Model Guidance is broad and is designed to allow investment advisers to tailor their business continuity and succession plans in a manner cost-effective to their business models.

The model can be accessed here  (http://www.nasaa.org/wp-content/uploads/2014/08/IA-RFPC-Model-Rule-Model-Guidance.pdf).

Compliance Advisers encourages you to read the proposed rule and to consider how an effective succession plan is necessary to protect your clients and your firm.  And, we can help.

Contact Compliance Advisers regarding your succession plan before it’s too late. We can help you prepare your own customized Disaster, Continuity or Succession plan.