Seniors are increasingly losing millions of dollars each year in a variety of financial scams. Whether carried out by family members, legitimate businesses, or fraudsters, seniors are vulnerable and must seek trustworthy counsel to prevent losing their savings. Financial professionals can help their elderly clients by learning how to prevent these incidents. This knowledge will help financial institutions avoid the negative financial and reputational repercussions that result from the unfortunate targeting of their clients.
The Safeguard Elderly Clients from Financial Fraud course is a one-hour PD course that focuses on detection and prevention. The course will help advisors detect the warning signs when a client is being taken advantage of by a family member or is the victim of a fraud. Once an advisor becomes aware of the situation, actions can be determined to halt and prevent any financial exploitation. Students will learn from real-life examples as they explore the concept of elder abuse.
Safeguard Elderly Clients from Financial Fraud is designed for students at securities firms, banks, insurance companies, and trust firms. This includes bank sales associates, CSRs, mortgage specialists, financial advisors, and branch managers.