Video Working from home has become commonplace for many businesses—changing the landscape of business continuity and emerging cybersecurity threats. While business leaders are inundated with internal and external guidance, it is vital for organizations to break through the clutter to understand their vulnerabilities. Companies have become increasingly dependent on new technologies and outsourcing, making third party risk management more important than ever. In this on-demand webinar, we discuss how the alternative asset community can adapt to business continuity concerns and elevated cybersecurity threats in the new work-from-home era. The webinar covers: Why cybersecurity and business continuity is pertinent right now, common fraud schemes and data protection challenges due to COVID-19 How clients have changed internal processes and relationships with investors and service providers in response to cyber threats Preparedness for a cyberattack and determining time and monetary capabilities Predictions on what the SEC will focus on this year and client awareness of the NY Shield Act How returning to the office will impact business, what it will look like and how to prepare to welcome your workforce back For more information on this topic, or to learn how Baker Tilly’s Value Architects™ can help, contact our team.

Watch Baker Tilly’s on-demand cybersecurity and business continuity webinar to help your organization address challenges in the work-from-home era. 

Financial Services

Asset Management

Cybersecurity

Asset Management Industry Coronavirus Resources

Cybersecurity and business continuity challenges in the work-from-home era

The COVID-19 pandemic represents an enterprise risk for fund managers and asset management businesses. Please contact us to discuss how Baker Tilly can help you to:

Evolve your enterprise risk management plans and capabilities to address the current situation.

Review debt covenants for ongoing compliance.

Review fund redemption policies and project potential liquidity and cash flow needs.

Prepare your governing board to continue to fulfill its responsibilities during this time of crisis.

Work closely with fund administrators and internal specialists to consider the impact of ongoing investment valuations.

Communicate with investors and other interested parties. 

Assure required accounting and reporting mechanisms are in place.

Address the integrity and cybersecurity risks of increasing investor communications. 

Assess the sufficiency of your disaster recovery and business continuity plans. 

Ensure that your major change initiatives (such as systems implementations) continue successfully during this difficult time by employing a “project risk review” approach.  

Plan for workforce shortages because of limited contact or employee-based workforce availability.

Identify key contingencies and protocols relative to office-related incidents and responses. 

Evaluate necessary modifications to to employee wellness programs and other critical initiatives.

Develop a comprehensive crisis communication plan with clear escalation procedures and lines of authority.

Assess fiscal sustainability and asset management rigor

Develop immediate and long-term financial modeling for business continuity and net capital needs. 

Identify impacts on capital projects and contracts (e.g., change orders, force majeure clause leverage), use of facilities and temporary modifications for quarantined space creation.

Determine the potential and strategy for insurance claims.

As COVID-19 spreads worldwide, the effects on the asset management industry will vary by sector and market. Baker Tilly’s asset management specialists are here to help answer the questions you have during this time of uncertainty.

Be efficient, compliant and transformative with the right operational strategies for your goals, and the right asset management industry advisors to help get you there. 

Baker Tilly’s asset management team guides funds, private equity, real estate investors, investment managers and broker dealers to their goals through advisory, tax and audit services.

COVID-19 resource center designed to protect and enhance the value of your organization

Asset Management Industry Coronavirus Resources

Cybersecurity and business continuity challenges in the work-from-home era

Asset Management

Coronavirus Recovery & Growth Resources

The COVID-19 pandemic represents an enterprise risk for fund managers and asset management businesses. Please contact us to discuss how Baker Tilly can help you to:

Manage risk and ensure compliance

Drive business continuity

Ensure health and safety

Assess fiscal sustainability and asset management rigor

Contact our team