Business Continuity Plan
H. Beck, Inc. has developed a Business Continuity Plan (BCP) to respond to varying events that may significantly disrupt our business, from a loss of use of our building to a regional emergency. It is, however, impossible to predict every scenario. Although we are confident in our preparedness, we have no control over the various entities upon which we must rely in the event of an emergency and can offer no assurance that we will remain functional through any and all imaginable emergencies. That being said, the following are aspects of our BCP of which you should be aware:
H. Beck, Inc. does not hold any investor assets. All client assets are held at nonaffiliated third-party firms such as mutual fund companies, clearing firms, insurance providers, money managers, etc. If your registered representative is unable to contact our home office, he/she may contact those firms holding your accounts directly to effect business on your behalf. In the event that you are unable to contact your registered representative due to a business disruption at the representative’s location, you may contact us directly at 301-468-0100. If you are further unable to contact us due to an emergency or business disruption at our offices, you will be provided additional information via the Investors section of this website. Our BCP provides for the establishment of operations at alternate location(s).
H. Beck, Inc.’s clearing firm, Pershing, LLC, also maintains a Business Continuity Plan. If H. Beck experiences a significant business interruption, clients may contact Pershing directly to process limited trade-related transactions, cash disbursements, and security transfers.
For additional information please click here. You may also call 201-413-3635, or 213-624-6100, extension 500, for recorded instructions.