Attention IRA investors! Do you know how secure your retirement account is? It’s enough to be concerned that you’re making the right investments, but who wants to lose sleep about whether your funds are physically safe. However, not all administrators and custodians approach security in the same way. For example, what does the company you use have in place in case of a disaster?

Hugh Bromma, CEO of The Entrust Group, shares what Entrust does to protect their clients in the event of an earthquake, hurricane, or other catastrophic disaster. I know that when a disaster occurs, I want to know that my funds are safe.

What Happens to Your IRA in the Event of a Disaster?

by Hubert Bromma, CEO of The Entrust Group

We have had a number of natural disasters over the last few years, as well as unnatural disasters, like unexpected power outages. Because Entrust considers all forms of security its No. 1 priority, we have a tested comprehensive plan in the event that a local office is disrupted, destroyed, or unreachable by staff. If we are unable to send one of our experienced teams to the disrupted office because of airport or road closures, all account activities are handled through one of our backup centers in Reno, Las Vegas, or Oakland.

All of our data is continuously being backed up, as required by our bank regulations, and then processed through our central office in Reno. In the event of a disruption in service, any Entrust office can be used to securely access the information. We physically test this process annually to make sure that everything is working the way we want and that all personnel are familiar with the procedures. As part of the test, we ”shut down” five offices by turning off access to all their local data and then have them work with backups maintained in one of our centers. Through testing, we make sure that your data is safe, secure, and accessible from our 30 offices nationwide.

In the event of a disaster, the last thing you want to be worried about is how secure are your funds. You want to know that your money is safe, and The Entrust Group takes that concern seriously.

This entry was posted on Wednesday, May 23rd, 2007 at 9:47 am and is filed under Investing, Self-Directed IRA. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.