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To our Clients and Prospective Clients of our securities businesses:
Ryan Beck maintains business continuity plans, redundant data centers and alternate processing facilities, to address interruptions to our normal course of business such as a loss of utility services, a building evacuation, or a catastrophic event. In the event of a business disruption, we have plans designed to allow us to continue operations of critical business functions including, but not limited to, executing client orders, completing security transactions and providing clients access to their cash and/or securities. These plans are reviewed annually, updated as necessary and subject to modification at any time.
All Ryan Beck operational facilities are equipped for resumption of business. Our plans also include the potential relocation of personnel or technology. Technology data processing can also be switched to an alternate regional data center. This ensures that if our main data center suffers a disruption in service, the other system can cover the load. As a result, should there be an event that prevents us from having access to a building, whether because of a disruption to the building, a business district, a city, or even an entire region, we can rely on the systems in the other location so that both ourselves and our customers can continue to conduct business with minimal interruption. However, these plans may be negatively affected by the unavailability of external resources and circumstances beyond our control.
In creating our business continuity plans, we do assume that the locations we have identified as "pre-designated alternate sites" are available, that we have sufficient personnel, and that external organizations, such as government agencies and market systems are operational. Although we have taken significant steps to develop and implement sound business recovery plans, we cannot guarantee that systems will always be available or recoverable after a disaster or significant business disruption. However we believe that our planning for such events is consistent with many of the best practices established within the financial services industry.
Plan Testing and Updating
At a minimum our business continuity plans is reviewed, updated, and tested annually. Additionally, the business continuity plans will be updated on an as-needed basis as business processes, technology, or staff change. General and updated information about our BCP is posted on our Web site at www.ryanbeck.com. Alternatively, you may obtain an updated BCP plan summary by requesting a written copy by mail. Send your request to Ryan Beck & Co., Inc., Attn: Business Continuity Dept., 18 Columbia Turnpike, Florham Park, NJ.
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