Teaching Financial Professionals to Prepare Clients for this Devastating Disease
Jack has created a compelling presentation designed to prepare financial advisors, CPA’s, CFP’s and Insurance professionals to assist their clients, families and friends in creating investment plans and budgets for those diagnosed with Alzheimer’s Disease.
FINRA Rule 2111 is concerned with diminished capacity, elder abuse, and the suitability of investment recommendations made by advisors and their firms.
Jack’s educational program will take you through a step-by-step process that will prepare you to make suitable investment recommendations based on your client’s current financial situation, and how to recognize the warning signs of diminished capacity and elder abuse.
The program will train financial professionals on the following:
- The signs and symptoms of Alzheimer’s disease.
- How families are affected.
- The costs and needs associated with Alzheimer’s disease.
- The steps advisors need to take in order to help their clients prepare financially.
- How to recognize the warning signs of diminished capacity and elder abuse.
The purpose of this session is to prevent a sad situation from ever happening.
Elder Financial Abuse truly is the crime of the 21st Century because it is so personal. The bad guys most frequently are someone you have known for a long time, someone you love and someone you trust. As financial advisors, you are on the front lines and in the best position to protect our seniors from being financially abused.
A 2016 study from the “Stanford Center For Longevity” shows that natural cognitive aging chips away at our financial decision-making abilities every year.
Another study reported that an estimated $50 Billion a year flows out of retirement accounts as a result of Financial Abuse, mostly taken by family and caregivers.
Therefore, reduced financial capability coupled with social isolation may present a greater risk to a retirement plan than volatile markets.
Jack provides 1hr CE for CFP’s
Key takeaways:
- What is Elder Financial Abuse
- Why Seniors are targeted
- Recognizing the warning signs of Elder Financial Abuse
- How to protect clients and families from Elder Financial
Jack offers client educational seminars to help families be prepared to care for loved ones who have been diagnosed with Alzheimer’s disease.
These seminars are designed to assist advisors in protecting their clients’ assets and income and to keep those assets in their practice.