It seems more and more common lately that when you turn on the T.V. or open your Internet browser there is breaking news of some sort of disaster. From direct financial disasters such as market volatilities to weather related disasters like floods, tornados and fires, to even more large-scale disasters like earthquakes, tsunamis and nuclear crisis; disasters are unavoidable.
But how prepared are you to deal with a major disaster, or other unexpected events that can trigger change?
Most advisors don’t have a disaster recovery plan. We all like to think it won’t happen to us when we think of the big ones -- tornado or hurricane -- but according to Kirk Hullet, senior VP of strategy and practice management at Securities America, all firms and advisors need to be prepared for anything that can cause an interruption to our business and serving our clients.
Here's an interactive slideshow detailing 10 steps that should help you and your firm build a disaster recovery plan so you can be prepared should the unimaginable arise.