Business Continuity Plan Summary Statement

David Lerner Associates, Inc.’s (DLA) firm policy is to respond to a Significant Business Disruption (SBD) by safeguarding employees’ lives and firm property, making a financial and operational assessment, quickly recovering and resuming operations, protecting all of the firm’s books and records, and allowing our customers to transact business.  In the event that we determine we are unable to continue our business, we will assure customers prompt access to their funds and securities. In summary, DLA’s BCP includes addressing the following:

  • Alternative Physical Location(s) of Employees
  • Pandemic Preparedness
  • Customers’ Access to Funds and Securities
  • Financial and Operational Assessments
  • Mission Critical Vendor Systems
  • Order Taking and Order Entry
  • Alternate Communications between the Firm and Customers, Employees, and Regulators

In the event of a public health crisis that resulted in a high rate of employee absenteeism, DLA would focus available staff on critical business functions that directly support client needs. Additionally, we would enact our workforce continuity plan which includes social distancing and other policies to limit exposure.

Although DLA has taken significant steps to develop and implement sound business recovery practices, after a significant business disruption, clients may still experience service disruptions or reduced services as the firm recovers. We continually assess, update and test our plans to ensure that DLA plans are consistent with many of the best practices in the industry.

While no contingency plan can eliminate all risk of service interruption or temporarily impeded account access, we continually assess and update our plans to mitigate all reasonable risk.

Any updates to our plan will be reflected in this Business Continuity Plan Summary Statement.

March 16, 2020