Alma Piscitello of Northern Lights Distributors, LLC, was quoted in a recent Fund Operations article about business continuity planning.

Here is an excerpt from the article:

“Business continuity several years ago was about location—it was regarding physical books and records and the ability to operate the organization and its physical infrastructure,” Alma Piscitello, head of strategic relationships at Northern Lights, said. “Fast forward, and it is now looked at through a technology and people-power perspective. It’s about information security and this approach of examining each individual’s continuity.”

Piscitello emphasized the importance of having the right people in place as part of a strong continuity plan. She believes succession planning is part of an overall business continuity plan. Clients are increasingly asking a number of questions about the executives at the fund, from the portfolio managers down to the operations and technology teams who are dealing with personally identifiable information.

To read the full article click here.