Business Continuity Planning - Covid-19 Update

WealthCo. Group of Companies has been monitoring the developments of Covid-19 and the potential impact to our business and our clients. While the risk is considered low in Calgary, it’s important that we communicate effectively to our partners and clients that we follow all Federal Guidelines regarding Business Continuity Planning. In the event the situation changes within Calgary, ensuring the safety of our team and continuity of service to our clients and partners is our main priority.

Business continuity planning (or business continuity and resiliency planning) is the process of creating systems of prevention and recovery to deal with potential threats to a company. In addition to prevention, the goal is to permit ongoing operation, before and during execution of disaster recovery.

The Importance of a Business Continuity Plan

It is important to not only have a Business Continuity Plan (BCP) in place but to also test it to ensure that WealthCo can respond effectively to a Significant Business Disruption (SBD) by safeguarding information, quickly resuming business operations and protecting clients and corporate books and records.

In order to ensure a business is prepared to work outside of normal constraints such as an office environment, the WealthCo BCP, and yearly BCP drills can help us prepare ways in which we can continue to work efficiently to deliver a high quality of service to our clients.

Potential Risk for a Significant Business Disruption

  • Natural disasters (e.g. flood, fire, blizzards)

  • Infrastructure incidents (e.g. loss of computer, phone, power)

  • Power & energy disruptions

  • Team Member/Operational incidents (e.g. loss of key staff, loss of critical documents) Widespread environmental factors (e.g. flu pandemic, fuel shortages)

Significant Business Disruption Preparedness

WealthCo Group of Companies practices Business Continuity Planning drills yearly with impeccable results. In addition to yearly drills, all staff attends yearly Business Continuity Training & Development seminars hosted by ARA - a third party consultancy agency specializing in compliance and regulatory support for Portfolio Managers, Investment Fund Managers and Exempt Market Dealers.

Our commitment to an unparalleled client experience is evident in not only our core business model, but the foundation we have built to ensure we meet and exceed the long term goals and objectives of our clients and partners behind the scenes. If you have a question regarding the WealthCo Group of Companies Business Continuity Plan, please feel free to reach out to one of our in house compliance specialists.

WealthCo Asset Management utilizes the pooled investable assets of our client base to make singular investments in opportunities not traditionally accessible to the general public. By providing access to opportunities once out of reach for individual investors, we have evened the playing field with the institutions that have capitalized on the value created through strategic diversification.

In addition to greater access, our investment philosophy broadens strategic diversification across multiple asset classes addressing key concerns for investors, including but not limited to: Cash Flow Management, Interest Rate Mitigation, Legacy Protection, Corporate Tax, Strategies, Personal Tax Strategies, Preservation of Capital, Reduced Volatility.

To learn more about what our Investment Philosophy can do to help reach your goals and objectives please feel free to give us a shout - we're always open to the conversation.

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WealthCo is a corporate group that includes, WealthCo Planning Services Inc. and WealthCo Risk Management Inc. and WealthCo Asset Management Inc.  Investment Management services are provided under WealthCo Asset Management.  That firm is registered as an Exempt Market Dealer in the provinces of Alberta, British Columbia, Manitoba, Saskatchewan and Ontario.  It holds a Portfolio Manager license in the provinces of Alberta, British Columbia, Manitoba and Saskatchewan and an Investment Fund License in the province of Alberta.  The information in this website is directed to individuals registered in those provinces.  The information provided here is for general information purposes and should not be construed as providing advice.  WealthCo has not independently verified any information set out herein.  Any opinions set out herein are subject to change and WealthCo does not undertake to notify the reader of such changes.