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BUSINESS CONTINUITY PLAN
Cambria is responsible for creating and maintaining business continuity plans to support
services to its customers. In the event of a business disruption, we have plans designed
to continue operations of critical business functions.
Our business continuity plan encompasses business disruptions that may be internal to
Cambria, and larger wide-spread disruptions that effect entire regions. Our plan is
designed to address key areas of concern, including but not limited to the following:
- Data (electronic and hard-copy) back-up and recovery;
- Alternate communication between the firm and customers;
- Alternate communication between the firm and employees;
- Alternate locations for employees;
- Identification of mission critical systems;
- Regulatory reporting and communications;
- Identification of critical business constituent, bank and counter-party relationships;
- Financial and operational risk assessments;
- Ensuring customers access to cash and securities in the event Cambria is unable to continue business.
With regard to client assets, all retail customer cash and securities are held with our
clearing firm. Cambria has been supplied with a summary of our clearing firm’s business
continuity plans. Funds and securities of institutional clients are not held by Cambria.
All institutional transactions are processed deliver versus payment and receipt versus payment.
Although Cambria has taken steps to develop and implement business recovery plans, we cannot
guarantee that systems will always be available or recoverable after a disaster or significant
business disruption. However, we believe that our planning and continued training and testing
will provide an effective response and recovery effort in the event of a business disruption.
Our business continuity plan will be reviewed, updated and tested on an annual basis.
Additionally, we will continue to test our critical business systems and services provided by
outside service agents.
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