BCP Disclosures
Business Continuity Planning – Disclosure Statement
Introduction
The Business Continuity Planning Disclosure Statement summarizes the efforts Raymond James USA Ltd. (RJLU) takes to mitigate risks inherent in unforeseen business interruptions. Raymond James institutes best practices developed by industry organizations for creating practical and effective business continuity plans. Processes are developed with business continuity in mind, entrenching the necessary resources and knowledge into our day-to-day operations.
Organization
RJLU leverages our parent company's, Raymond James Ltd Business Continuity Planning (BCP) team, a dedicated team of professionals that oversee the Firm's business continuity management strategy. The BCP team works closely with business units and the Information Technology Department to employ a standardized framework for building, maintaining, and testing business continuity plans. The plans are created using an all hazards approach, including baseline requirements and strategies that address incidents of varying scope.
Plans are designed to allow for continued operations of critical business functions, which include providing clients with prompt access to their funds and securities.
Incident Management
The Corporate Crisis Management Team (CCMT) comprised of senior management representing key areas of Raymond James has been established to manage incidents that might impact the Firm's associates and clients. The CCMT will assess and direct the Firm's response to an incident, ensuring the safety and security of all associates and continuity of critical processes.
As part of the overall BCP strategy, Raymond James Ltd. maintains geographically dispersed operational locations to diminish risks posed by local and regional disruptions. In the event of an emergency at a corporate office, staff will be relocated to other locations to continue production work.
In the event of a disruption, communications will occur in several ways. General information, such as incident updates, office closures, and operating hours will be available to associates on the Firm's internal Website or an external 3rd party secure website. In addition, associates can call the Raymond James Ltd. emergency telephone hotline to obtain similar updates. Consistent and timely messages will be disseminated to associates, clients, business partners, regulators and the media.
Technology and Data Recovery
Raymond James employs a dual Data Centre strategy in which critical client data and systems are replicated and/or accessed through two Data Centres. In addition, data retention and backup procedures are in place, including tape backup and offsite storage, offering a tertiary layer of data accessibility should the need arise.
It is the Firm's goal to recover from an event requiring a processing switch to the alternate site within 48 hours.
RJLU's clearing firm, Pershing LLC maintains a Business Continuity Plan, which includes geographical dispersed Data Centres and alternate processing facilities.
For more information regarding Pershing LLC's Business Continuity Plan, visit http://www.pershing.com/business_continuity.html#business.
Contacting Raymond James USA Ltd.
In the event of a business disruption, clients can obtain information regarding the status of their accounts and access to their funds and securities by contacting their Financial Advisor. If their Financial Advisor is unavailable, clients may call our Corporate Office in Vancouver at 1-877-570-7558. In addition, up-to-date information regarding the operating status of the Firm can be obtained from http://www.rjlu.com.
Disclaimer
Due to the unpredictable nature of events causing significant business disruptions, RJLU cannot guarantee that systems will always be available or recoverable after such events. Additionally, RJLU's business continuity plans are subject to modification.
Statement Availability
This BCP Disclosure Statement, including any updates or amendments, is available at http://www.rjlu.com Hard copies of the BCP Disclosure Statement can be obtained upon request by contacting your Raymond James Financial Advisor.
