Summary Disclosure Statement, Overview
Investment Planners, Inc. and IPI Wealth Management, Inc. (“IPI”) recognize the importance of safeguarding our clients’ assets and protecting our
clients’ account information in the event of a Significant Business Disruption (“SBD”) of our normal day-to-day operations due to a natural
and/or man-made disaster. IPI has developed a Business Continuity Plan (“BCP”) to enable the firm to recover from both internal and external
disruptions of varying lengths and scope. 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.
It is the policy of IPI to respond to a SBD by safeguarding employees’ lives and firm property, making a financial and operational assessment,
quickly recovering and resuming operations and allowing our clients to transact business.
Our BCP is developed to include the ability to recover from situations that effect our primary location. The severity of the disruption can also
vary from minimal to severe. We plan to continue our business, transfer our critical functions to our clearing firm for brokerage business,
advisory platforms for advisory business or communicate with clients to contact the product sponsor directly for retail direct and insurance
business, if necessary. Please note that we have no control over the clearing firms or product sponsors ability to respond appropriately to
clients during a disaster.
If necessary, in a disruption to our firm, we will transfer our operations to an alternate location and expect to resume critical functions of
order taking, order entry, account maintenance and providing access to funds and securities within four (4) hours with other service-related
functions being operational within one (1) business day. However, while we have a detailed BCP in place, we cannot guarantee the recovery times
as we may not be able to anticipate the ramifications or outcomes of all disasters. In the event that your IPI Financial Advisor ceases operations
due to a significant business interruption, you may call (217) 425-6340 for emergency assistance.
IPI does not maintain custody of client funds or securities and therefore, relies on our critical business constituents, such as our clearing firm,
RBC Correspondent Services or the advisory platforms of Schwab and TD Ameritrade, for processing client transactions, maintaining client accounts
and providing prompt access to clients’ funds and securities.
Our BCP addresses all of the following:
• data backup and recovery;
• all mission critical systems;
• financial and operational assessments;
• alternative communications with clients, employees and regulators;
• alternate physical location of employees;
• critical supplier, contractor, bank and counter-party impact;
• regulatory reporting; and
• assures our clients prompt access to their funds and securities, if we are unable to continue our business.
IPI’s BCP Summary is subject to modification, without notice. A current copy and updates to IPI’s BCP Summary are posted on the firm’s website
at www.investment-planners.com or may be requested from Investment Planners, Inc., Attn: Compliance, 226 West Eldorado Street, Decatur, IL
This BCP applies to Investment Planners, Inc., member FINRA/SIPC and all of its affiliated companies.