Elder Financial Abuse and the Investment Adviser Representative

Overview

Financial abuse and exploitation of the elderly is not new and, unfortunately, is not uncommon. Financial advisers who serve the senior market have the responsibility not only to recognize and understand the issue, but to advocate for their senior clients with knowledge and skills that can help keep their clients from falling victim to such abuse or exploitation.

This course provides an understanding of the nature of elder financial abuse: why it is so prevalent, the factors that contribute to the risk, common perpetrators and common schemes and scams. The course then reviews a number of ways in which advisors can fight to recognize and prevent the abuse to safeguard elders' futures.

Learning Objectives

Upon conclusion of this course, you will be able to:

  • demonstrate understanding of the meaning of "elder financial abuse" and why older people are so often victims
  • identify forms of elder financial abuse and cite common risk factors
  • recall why and how cognitive impairment is one of the leading risk factors for financial abuse
  • recognize the different schemes that fraudsters may use to financially exploit seniors and the effects the abuse can inflict on victims and their families
  • cite common red flags that often signal elder financial abuse
  • develop plans and protocols for their own business model that can help older clients understand and prevent financial abuse

Designed For

This course is designed for Investment Adviser Representatives.

Advanced Preparation

None

WebCE® is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. For more information regarding WebCE administrative policies such as refunds, cancellations and concerns, please contact Support Services at 877-488-9308.

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