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 Pershing LLC and our custodian Fidelity, back up our important records in geographically separate areas. 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 and our custodian that its objective is to restore its own operations and be able to complete existing transactions and accept new transactions and payments within four hours. This recovery objective may be negatively affected by the unavailability of external resources and circumstances beyond our control.
Your orders and requests for funds and securities could be delayed during this period.
Significant business disruptions can vary in their scope, such as only our firm, the building housing our firm, the business district where our firm is located, the town 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 the building housing our firm, we will transfer our operations to local sites when needed and expect to recover and resume business within three hours. In a disruption affecting our business district, town, or region, we will attempt to transfer our operations to a site outside of the affected area, and recover and resume business within six hours. In either situation, we plan to continue in business, transfer operations to our clearing firm if necessary, and notify you through our web site www.essex.financial or our toll-free number 800-900-5972 as to how to contact us. If the significant business disruption is so severe that it prevents us from remaining in business, we will assure our customer’s prompt access to their funds and securities.
Business Continuity Planning
Essex Financial Services, Inc. has developed a Business Continuity Plan on 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.
If after a significant business disruption you cannot contact us as you usually do at 860-767-4300 or 800-900-5972, you should call our parent company, Essex Savings Bank at 860-767-4414 or go to our web site at www.essex.financial. If you cannot access us through any of those means, you should contact the appropriate firm that holds your account(s), Pershing LLC, at 201-413-3635 (www.Pershing.com) or Fidelity at 800-FIDELITY (www.Fidelity.com) for instructions on how either may process limited trade-related transactions, cash disbursements, and security transfers.
Instructions to Pershing must be in writing and transmitted via facsimile or postal service as follows:
P.O. Box 2065
Jersey City, New Jersey 07303-2065
If you cannot access the instructions from the web site or previous noted telephone number, Pershing may be contacted at 213-624-6100 extension 500 as an alternate telephone number for recorded instructions.
If your investments with Essex Financial Services are held directly at a mutual fund company or at an insurance company, you may call them directly by utilizing the toll-free number found on your most recent statement.
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.
(Part 2A of Form ADV) January 26, 2017
This Brochure provides information about the qualifications and business practices of Essex Financial Services, Inc. If you have any questions about the contents of this Brochure, please contact us at (860) 767-4300 or via email at firstname.lastname@example.org. The information in this Brochure has not been approved or verified by the United States Securities and Exchange Commission or by any State securities authority.
Essex Financial Services, Inc. is a registered investment advisor. Registration of an Investment Advisor does not imply any level of skill or training. The oral and written communications of an Advisor provide you with information about which you determine to hire or retain an Advisor.
Additional information about Essex Financial Services, Inc. also is available on the SEC’s website at www.adviserinfo.sec.gov.
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Essex Financial Services, Inc. submits all equity orders to its clearing firm, Pershing LLC, for execution. Essex Financial Services, Inc. receives no payment for directing order flow to Pershing LLC.
SEC Rule 606 (formerly SEC 11Ac1-6)
Disclosure of Order Routing Practices
Pershing LLC (“Pershing”) has provided the data on this website on behalf of your introducing financial organization. The data represents only those orders that have been routed by your introducing financial organization through Pershing for execution. Although Pershing has used commercially reasonable efforts to provide accurate information, the data is provided to you on an “as is” basis. PERSHING SPECIFICALLY DISCLAIMS ALL WARRANTIES EXPRESS OR IMPLIED WITH RESPECT TO THE INFORMATION, INCLUDING SPECIFICALLY, BUT NOT EXCLUSIVELY, WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT. YOU AGREE THAT PERSHING SHALL NOT HAVE ANY LIABILITY FOR ANY INDIRECT, CONSEQUENTIAL, SPECIAL OR DIRECT DAMAGES FOR ANY ACTION OR INACTION WHICH YOU MAY TAKE AS THE RESULT OF THE DATA, WHETHER AS A RESULT OF ANY CLAIM SOUNDING IN CONTRACT OR ANY OTHER THEORY OF LIABILITY.
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Pershing Fee Schedule
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