Business Continuity Plan
Ambassador Financial Group, Inc (AFG) has developed a Business Continuity Plan regarding how we will respond to events that significantly disrupt our business. Since the timing and impact of disasters and disruptions is unpredictable, we will have to be flexible in responding to actual events as they occur. With that in mind, we are providing you with this information on our business continuity plan.
Contacting Us – If after a significant business disruption you cannot contact us as you usually do at 610-351-1633 or by email (through your rep or at firstname.lastname@example.org), you should call our alternative numbers 484-547-7646 (Allen Collins) or 610 360-9814 (Robert Pachence), or go to our web site at Ambfg.com. If you cannot access us through either of those means, contact our clearing firm, Hilltop Securities at 214-953-4000 or 866-797-5227, at hilltopsecurities.com, or by mail at 1201 Elm St., Suite 3500, Dallas, TX 75270 for information on pending trades, delivery instructions, how to place orders, or direction on AFG related matters.
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 business continuity plan addresses: data backup 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 clearing firm, Hilltop Securities, backs up 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 clearing firm that its objective is to restore its own operations and be able to complete existing transactions and accept new transactions and payments within 4 hours in most scenarios. Your orders and requests for funds and securities could be delayed during this period.
Varying Disruptions – 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 one to two business days. In either situation, we plan to continue in business, transfer operations to our clearing firm if necessary, and notify you through our web site [Ambfg.com] or our customer emergency number, 484-547-7646. If the business disruption is so severe that it prevents us from remaining in business, we will assure our customer’s prompt access to any funds and securities held by us.
For more information – If you have questions about our business continuity planning, contact us at 610-351-1633, by email at email@example.com, or by mail at Ambassador Financial Group, Inc. 1605 N. Cedar Crest Blvd., Suite 508, Allentown, PA 18104