The Senior Safe Act allows advisors to hold transactions when you suspect financial abuse of a client. But the Act has a serious flaw that advisors must understand.
Even if your older clients have family, living alone can lead to social isolation and higher risks of health problems. Here is a true story of a 75-year old woman who was very independent until a crisis struck.
Memory loss should be a concern when it comes to the wellbeing of your aging clients and their investments. Are you prepared?
Millions of Boomers fall into the retired category. If their advisors lose interest in them when they are no longer increasing their investments, where does that leave the retired person in need of advice?
Scams, theft and fraud with seniors' money is a growing problem. But the new Senior Safe Act helps advisors prevent this ugly abuse of their older clients.
The purpose of this webinar about fighting elder financial abuse is to improve your understanding of diminished capacity so you can take steps to prevent abuse when you see these signs. Older people with diminished capacity are at greater risk. In the webinar, you will learn to recognize the seven warning signs of financial abuse. You will learn how you can form an action plan in your office that so you can take protective action for your clients who appear to be at risk. This is about prevention, not waiting until there is abuse and then trying to figure out how to keep it from getting worse. You will also get an update about requirements to report abuse and protections for you in the new regulations.
Here are some issues senior LGBTQ clients face and how you can help them.
Description: With longevity, we have more aging clients. The average advisor has at least 7 clients with some degree of diminished capacity. Understanding what you need to look for and what to do when you see diminished capacity is critical to keep clients' assets safe and protect yourself. Likewise with longevity, more clients will need long term care. No one is "average". We examine the increased risk of needing this care from identifiable factors. Few advisors know the actual cost of these services, which are not covered by Medicare. Long term care insurance is not for most people and clients all need to get a deeper understanding through competent advice about how much their savings will need to cover.
Learning Objectives:
