Invesment Philosophy

E. Magnus Oppenheim & Co., Inc. Policy During A Significant Business Disruption

At E. Magnus Oppenheim & Co., Inc., we take great pride in the trust that our customers place in us and approach our fiduciary responsibilities very seriously. With that in mind, we have laid out a policy to safeguard client assets during a significant business disruption and to provide our investors prompt access to their accounts.

Whether we are affected by a firm-only, single building, business district, citywide or regional disruption, our firm’s policy is clear. We will safeguard our employees’ lives, make immediate financial and operational assessments, attempt to quickly recover and resume operation, and allow our customers to conduct business. In the event of an emergency, our goal is to return to full service within a reasonable period of time as dictated by events. If securities markets in general are disrupted, there may be an additional impact.

Our firm’s business continuity plan stresses the importance of insuring that our communication systems become available as soon as possible so our clients, regulators, vendors and business partners can contact us if and when necessary, and that our firm can contact them.

As a precaution, we have made the following arrangements:

  1. Client records are maintained by our clearing firm and custodial bank in secure locations offsite.
  2. We keep client names and contact information at secure offsite locations.
  3. We conduct all client activity, including buying or selling of assets, releasing funds to clients and overseeing their accounts at our clearing firm and custodian through secure internet sites that we can access from any computer terminal with the designated identification numbers and passwords.
  4. Our telephone numbers can be call forwarded to other land-lines and cellular phones to ensure our clients can reach our firm.
  5. Our employees are geographically dispersed around the region.
  6. Backup of our server files, none of which contain pertinent client information, are done on a nightly basis.

Additionally, our primary vendors periodically review and test their own back-up systems in order to ensure that they can promptly resume business following any disruption.

Making sure any disruption does not unduly impact our clients is extremely important to us and therefore our business continuity plan, which we review regularly, is designed to enable us to continue meeting our clients’ needs in all circumstances.