Business Continuity Plan
Business Continuity Plan Disclosure Statement
Dated March 1, 2022
Contacting Us – If after a significant business disruption, you cannot contact us as you usually do:
847-441-5644 (Glenview, IL office); 239-443-5444 (Naples, FL office)
Alternate numbers: 847-513-1430 (main office – cell) or 850-464-4406 (Dave Smestuen – cell)
Web site at https://www.coylefinancial.com/
If you cannot access us through either of those means, you should contact our Custodians for instructions on how they may provide prompt access to your funds and securities, enter orders and process other trade-related, cash, and security transfer transactions. Charles Schwab can be contacted at www.schwaballiance.com or 800-515-2157. TD Ameritrade can be contacted at https://advisorclient.com or 800-934-6124.
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; critical supplier, contractor, bank and counter-party impact; regulatory reporting; and assuring our customers prompt access to their funds and securities if we are unable to continue our business.
Our custodians back up our important records in a geographically separate area. While every emergency situation poses unique problems based on external factors, such as time of day and the severity of the disruption, we have been advised by our custodians that their objective is to restore its own operations and be able to complete existing transactions and accept new transactions and payments within 24 hours. Your orders and requests for funds and securities could be delayed during this period.
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 24 hours. 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 24 hours. In either situation, we plan to continue in business, transfer operations to our custodial firm if necessary, and notify you through our web site www.coylefinancial.com. 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 funds and securities.