Broker Check

Our Business Continuity Plan

Barrett & Company plans to quickly recover and resume business operations after a significant business disruption (SBD) 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 company’s business continuity plan (BCP) is designed to permit us to resume operations as quickly as possible, given the scope and severity  of the SBD.

The BCP 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, National Financial Services, LLC backs up our important records in a geographically separate area. 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 that its objective is to restore its own operations and be able to complete existing transactions and accept new transactions and payments within one day. Your orders and requests for funds and securities could be delayed during this period.

Significant Business Disruptions: The Company’s plan takes into account two kinds  Significant Business Disruptions, internal and external. Internal SBDs affect only the Company’s ability to communicate and do business, such as a fire or loss of electrical power in the office or building.

External SBDs prevent the operation of the securities markets or a number of firms, such as a terrorist attack, a natural disaster, pandemic, or another event that causes a wide-scale, regional disruption in essential services.

The varying scenarios that we have planned for include disruptions that would affect our office, the home office building, a surrounding business district, an entire city, a general geographic region or as well firm-wide issues.

In the event of a public health crisis that resulted in employee absences, Barrett would focus available personnel on critical business functions that directly support client needs. Additionally, we would implement our workforce continuity plan, which includes social distancing, working remotely and other actions to limit exposure and the spread of the outbreak. Barrett monitors and reviews the potential for a pandemic outbreak and the impacts that may result on the firm, including the creation of response strategies.

Regardless of the cause of the disruption, we anticipate being able to provide you with the level of service you are accustomed to in a matter of minutes for a localized matter, and within a few hours or a business day for a significant district or regional disruption.

Many of our communications and support systems are designed to redirect to backup systems in

 the event of a critical disruption. Likewise, our internal systems are designed to continue communicating essential information to our Financial Advisors, who, in turn, will be able to communicate with you.

Internal SBDs: In the event of a disruption in the Company’s business operations due to an internal SBD, the Company will attempt to continue to conduct business as usual by utilizing alternative communication methods (if available), such as the Internet, cell phones, etc., or by moving its operations to an alternative location.

If personnel or operations must be moved to an alternate location, the Company anticipates that it will resume regular operations within one hour.

External SBDs: In the event of a disruption in the Company’s business operations due to an external SBD, the Company will attempt to continue to conduct business as usual by moving its operations to an alternative location outside the affected area, if possible, or by providing customers with alternative communication arrangements, as indicated below, to conduct business or to access their funds and securities.

The Company will attempt to resume business within 24-48 hours and to keep its customers informed regarding relevant events to the best of its ability based on the circumstances.

In all cases, the Company will resume normal business operations as soon as it is able to do so, based on the type and the extent of the disrupting event.

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.

Communications: In the event you are unable to reach the Company at our main number, please proceed as follows:

  • Contact the Company at the following alternate telephone number: 401-444-0250 or 401- 743-1534.
  • Access the Company’s website at or
  • Contact the clearing firm directly at one of the following telephone numbers to process transactions or for information on your holdings: 800-801-9942 (Customer Service) or 617-850-8039 (Barrett & Company’s Client Service Manager) or
  • Contact the private placement issuer directly at the number listed on applicable offering documents.
  • Access the clearing firm, product sponsor or issuer website for more information on contacting this entity and their business continuity plans. The website address can generally be found on your statement or offering
  • Contact the FINRA’s District office at 617-532-3400 for more information on the company’s status and additional instructions.

Contact information: Any questions regarding the Company’s Business Continuity Plans should be addressed to: Wilson G. Saville, 42 Weybosset Street, Providence, RI 02903, 401- 351-1000.