Myth Versus Reality: New Rule 2165 and Temporary Holds on Disbursements

Myth Versus Reality: New Rule 2165 and Temporary Holds on Disbursements

The regulators are trying. They want to help advisors protect aging clients from financial abuse. They don’t want you to fear doing something wrong if you refrain from handing over assets to what looks like an abuser. But not living in the real world of how to...
What’s Wrong With Finra’s Proposed Rule for Preventing Elder Abuse?

What’s Wrong With Finra’s Proposed Rule for Preventing Elder Abuse?

What’s Wrong With Finra’s Proposed Rule for Preventing Elder Abuse? Finra, the SEC and NASAA have all been in discussion for years about increasing protection of senior investors. There is a move to create such protection by requiring that financial...
Are Your Own Clients Being Ripped Off?

Are Your Own Clients Being Ripped Off?

Is financial abuse happening to YOUR clients right now? Of course it is. There is no escaping it. A recent study puts the amount stolen from elders every year in our country at over $36B. With a problem as big as this, no group of elders is immune.. If you took a...
The Confidentiality Conundrum:  Can You Call A Third Party When Your Client Shows Signs Of Dementia?

The Confidentiality Conundrum: Can You Call A Third Party When Your Client Shows Signs Of Dementia?

Have you ever felt frustrated when you thought your client was showing signs of declining mental status?  Did you ever want to get someone else involved in financial decisions but thought you couldn’t because of privacy rules? The average advisor has seven...