Business Continuity Plan

The Financial Industry Regulatory Authority (“FINRA”) requires each of its member firms to maintain a Business Continuity Plan (“plan”).  Per the FINRA  requirement, Hobert & Svoboda, Inc. (“H&S”) has developed a plan describing how we would respond to events that could significantly disrupt our business.  Since the timing and impact of disasters and disruptions is unpredictable, the plan must be flexible in responding to actual events as they would occur.

Contacting Us - If after a significant business disruption you cannot contact us at (262) 782-8900, you should call our alternative number 1-800-WLTH-MGT.

Our Business Continuity Plan - Our objective would be to quickly recover and resume business operations after a significant business disruption.  The plan that we would follow would entail  safeguarding  our employees and property while making a financial and operational assessment.  The firm’s books and records are protected with back up systems so that clients would be able to transact business. 

Our Business Continuity Plan addresses: data 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 customer’s prompt access to their funds and securities if we are unable to continue our business.  In short, the plan is designed to permit our firm to resume operations as quickly as possible, given the scope and severity of the significant business disruption. 

The issuers of the securities and/or custodians in client accounts back up all 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 those issuers that their objective would be to restore their own operations and be able to complete existing transactions and accept new transactions and payments promptly.  Still, 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 our firm, a single building housing our company, 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 would transfer our operations to a designated local site when needed and expect to recover and resume business as soon as possible.  In a disruption affecting our business district, city, or region, we would transfer our operations to a site outside of the affected area, and recover and resume business promptly.  In either situation, we would continue business, transfer operations to another firm if necessary, and notify you by mail and by telephone regarding our customer emergency number and means of contacting us.  If the significant business disruption is so severe that it would prevent us from remaining in business, we would assure our customers’ prompt access to their funds and securities.

For more information - If you have questions regarding our business continuity planning, please contact Jean Piech at (262) 782-8900.

Hobert & Svoboda, Inc.

(8/2010)