How We Help Wealth Management Firms Protect Customer Data

Here at Prism we’ve spent years helping wealth management companies and IFAs to implement robust and reliable security measures, make the most of cloud technology, and ensure their reputation is upheld. Here are just a few ways we can help you.

We’ll protect your data from malicious and unauthorised access

The Data Protection Act states that businesses must take all possible steps to protect the data they collect from customers.

And with so much at stake when it comes to wealth management and independent financial advice, it’s obviously crucial that you go the extra mile to reassure your customers that their finances are safe in your hands.

If you’re not a data security expert, it can be difficult to know where to begin. And this is where we come in. We’ll step in and help to protect the data you store from malicious attacks and unauthorised access. Whether you need us to take over every aspect of your company’s data security or simply help with a few elements, our flexible service can be tailored to you.

 

We’ll introduce you to the most appropriate cloud tools

In the early days of cloud technology, this mysterious storage solution was looked at with suspicion and reluctance. Many businesses and individuals were afraid to store their data in the cloud due to a fear that it would either disappear into the abyss or be accessed by hackers and used to extort them. However, as times gone on, investment into the cloud has significantly increased and as a result, it’s become safer than ever.

Although businesses offering cloud-based apps are held to a high standard by government guidelines, it’s wise to have an understanding of the tools you’re using too. However, with so many other aspects of your business to take into account, you may understandably struggle to find the time to familiarise yourself with all the options available. This is why we’ve spent years experimenting with an array of cloud tools and we’ll recommend the most suitable ones for you.

 

We’ll keep you up-and-running

With customers’ finances in your hands, it’s crucial that you’re easy to contact and the data you store can be accessed if and when it’s needed. Downtime, whether it’s due to a poor internet connection, faulty server or a flood on your premises, can see customers lose faith in you and money lost.

With our help you can minimise the likelihood of interruptions, and in the unlikely event of an unforeseen emergency, we’ll get you up-and-running again in no time at all.

To learn more about our IT support for wealth management companies, please get in touch with the team at Prism.