Business Continuity Plan Disclosure
Dowling & Partners Securities, LLC is committed to safeguarding the interests of our clients and customers in the event of an emergency or significant business disruption. This Business Continuity Plan Disclosure (the BCP) summarizes Dowling & Partners Securities, LLC efforts to mitigate risks inherent with unforeseen business interruptions. The firm’s comprehensive business continuity strategy is designed to enable us to meet our existing obligations to our clients and customers even in the event of an emergency or significant business disruption. This BCP is intended to comply with the rules promulgated by FINRA.
Dowling & Partners maintains two primary facilities to house the backbone of our trading, sales, operations and information technology. These two facilities are located far enough apart to diminish risks posed by local disruptions. This separation is a key element of the firm’s overall business continuity strategy. This separation allows us to plan for events at each location individually, since no one event should effect more than a single location simultaneously. Our response to an event will depend on many factors, including whether the event is a firm only business disruption, a disruption to a single building, a disruption to a business district or a city-wide business disruption.
Communications with Our Employees in the Event of a Disruption
The safety and well being of our employees is a vital concern. In the event of an emergency or significant business disruption, the firm will communicate with its employees in several different ways. General information such as office closures and operating hours will be posted on the firm’s website. Additionally, employees and senior managers will be contacted directly via telephone and/or e-mail.
Back-Up Trading, Sales and Operations Site
The firm maintains a back-up trading and operations facility in Norwalk, CT, located approximately 75 miles from the firm’s primary location in Farmington, CT. In the event that we are unable to access our primary facility, it may be necessary to relocate certain personnel to the back-up site. The back-up facility is staffed and operational during normal business hours.
Protection of Primary Facilities
Dowling & Partners places a high priority on protecting the infrastructure of its primary facility because it will allow the firm to continue to operate in the event of many disaster situations by permitting our employees to have access to and use the firm’s facilities during that situation. Our primary facility is equipped with a natural gas powered generator which is independent of the local power grid and is designed to supply the primary facility with all of its electrical requirements.
The firm’s comprehensive business continuity strategy is designed to enable us to meet our existing obligations to our clients and customers even in the event of an emergency or significant business disruption. The plan is designed to work in many different emergency situations, however it is not infallible. These events are, by their nature, unpredictable and it is impossible to anticipate every scenario that could cause a business disruption. Furthermore, although we believe we have taken the appropriate steps to ensure our preparedness, Dowling & Partners has no control over the various entities that we must rely on in the event of an emergency. Our business continuity plans are tested by ensuring data integrity periodically; yet such tests may not be able to replicate the actual conditions we experience in a real emergency.
This BCP is subject to change without notice. In the event that this BCP is modified, the updated document will be posted to the Dowling & Partners website. (dowling.com)
The information contained in this disclosure is provided by Dowling & Partners Securities, LLC for informational purposes only.