Broker Check

Is Your EFFAK up to Date?

| June 13, 2020
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I’ve been asked by some what my purpose is in these blogs each week.  Initially my goal was to try and help as many as I could get through the COVID quarantine.  Since the first one went out though, these emails have taken on a life of their own and I’ve received a lot of positive feedback: thank you for that.  In fact, some of the feedback has provided my inspiration on what to share next which is the case for this week’s topic: Emergency Financial First Aid Kit (EFFAK).

A client sent me this idea earlier in the week.  Ironically, a couple of days later, the Sandusky State Theatre suffered severe damage and had its roof blown off.   It wasn’t a tornado, but news outlets have said strong winds called a microburst were to blame.  Since I have clients in several states, I try not to tie my subject to a specific geographical location.  One thing we do have in common though, regardless of our location, is the weather.  At this time of the year, most of us face the possibility of extreme and damaging thunderstorms and tornados.


The Federal Emergency Management Agency (FEMA) has partnered with a non-profit organization (HOPE) to compile measures for us all to be better prepared with secured financial information if disaster strikes.  I encourage you to check out the publication in its entirety, but first I’ll give you my highlights of it.


Four Simple Steps to Financial Preparedness:

  1. Assess and Compile: gather your important financial documents and contacts;
  2. Review: make sure your policies and information are up to date;
  3. Safeguard: store paper and electronic copies of all files in a safe & secure place; and
  4. Update: revisit and update your EFFAK regularly.


You can download the PDF from the link below, read additional details on these four steps, plus find a checklist and forms to help you organize.  Here is the link:


I’ll take your organization process one step further: are you utilizing your Investor360 client portal?  If not – why not?  This portal not only provides a “one-stop” online location for you to view your accounts but it also allows us to store documents (securely) for you.  If this is something that would interest you: please let us know.


Please remember that we are “here” and available for you.  If you have any questions or concerns, financial or otherwise, please do not hesitate to call or email.  If you have friends, family, or neighbors you feel would benefit from a conversation with me, I’m more than happy to have a call or jump on a Zoom meeting with them. 


As always, I hope that you are doing well, and staying safe & healthy! 

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