BUSINESS CONTINUITY PLANNING
The Frazer Lanier Company, Incorporated 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.
Contacting Us—If after a significant business disruption you cannot contact us as you usually do, you should go to our web site at www.frazerlanier.com for additional contact information.
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.
Our business continuity plan addresses: data back up and recovery; all mission critical systems; financial and operational assessments; alternative communications with customers, employees and regulators; alternate physical location of employees; regulatory reporting; and assuring our customers prompt access to their securities if we are unable to continue our business.
Our firm backs up important records which are stored offsite and can be restored in an offsite location. Our critical system applications are backed up in a geographically separate area and can be accessed from an offsite location which enables our employees to continue business operations.
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 one 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 three business days. In either situation, we plan to continue in business and notify you through our web site how to contact us. If the significant business disruption is so severe that it prevents us from remaining in business, we will assure our customer’s prompt access to their securities.
For more information—Our Business Continuity Plan is subject to annual review and update. You may obtain a copy of our current business continuity plan summary by written request.