At RightSize Solutions, we like Halloween—and while trick or treating for the kids is innocent and candy-filled, there is an increasing amount of trickery when it comes to financial fraud and the elderly (like this news story about an 89-year-old woman in Kansas City who answered the phone and got swindled out of her life savings.)
Is your RIA talking to clients about this issue? We advise you to not just talk to your elderly clients—but all clients, because everyone should be aware and know how to protect their families, parents and loved ones.
Only 1 instance in 40 of elder financial abuse is ever reported! Sadly there is a lot of embarrassment around these situations because people feel fooled, but bringing light to these instances is essential in prevention!
Here are a six tips to share with your clients:
Receive a suspicious call or email? Call us. We’ll validate whether it’s real or not.
We’re ready to protect you. Let’s talk about how.
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