Collectively, life has thrown a lot of uncertainty at lately and everyone can benefit from a personal inventory:
These are just some of the life risk events that you might be faced with during your lifetime. Some of these are certain; many more are uncertain but require the same level of preparation. Faer Risk Consulting, LLC can develop a comprehensive assessment of our client’s preparedness and works with them to develop an action plan.
Recently, there was an increase in fraudulent unemployment claims filed in several states, including Massachusetts. To help clients manage the risks of identity theft and potential account breaches, the firm generally recommended the following steps be considered:
We also coach clients on how to identify risks, understand how one risk impacts another and choose a course of action that makes the most sense. The goal of the practice is to teach individuals how to better manage risk. The service is complementary to services provided by other professionals including insurance agents, accountants, attorneys and investment advisors; the Concierge Personal Risk Manager works as part of the team supporting the client. The “concierge” describes the firm’s availability to assist the client in the execution of the plan, identify emerging risks and manage risks holistically on an on-going basis.
About the Author:
A Certified Public Accountant by training, Jack Faer has specific expertise in various oversight functions, including audit, risk management, security and compliance. In his most recent organizational role as Chief Risk & Security Officer at Iron Mountain, Jack had primary responsibility for all safety, security, risk management, and governance programs. Working closely with the Chairman of the Risk and Safety Committee of the Board of Directors, Jack regularly presented to the full Board of Directors on the key risks facing the organization. Previously, Jack held senior roles at Fidelity Investments, including Chief Security Officer, SVP of Risk and Compliance and Head of Risk & Internal Audit for the international business. He was SVP of Operational Risk for State Street Global Advisors and a Deloitte forensic accountant. Jack was an FBI agent, specializing in white collar crime investigations and maintains an extensive risk management, security and law enforcement network.
If you want to know more about how Faer Risk Consulting, LLC can help you manage your life’s risks, check out the firm’s website on www.faerriskconsulting.com or through H&K Insurance Agency, Inc.