My latest column for The Cincinnati Enquirer and Gannett Newspapers, “Scams on Seniors,” addresses the disturbing trend of financial exploitation of the elderly. Unfortunately, those taking advantage of our elders are most often those close to them – family, friends, caretakers, neighbors, handymen, etc. Other professionals may take advantage, as well, including bankers, attorneys,Continue reading “Help to Protect Seniors from Financial Exploitation”
Tag Archives: financial advisors
Financial Advisors Learn How to Prepare for Clients with Alzheimer’s Disease and Dementia
Financial advisors like others must begin to prepare with their aging clients. As we have discussed in prior blogs, at least 84% of financial advisors believe they have clients with Alzheimer’s and dementia in their client base, and 96% of financial advisors indicated that they were not prepared to deal with it (Harris, 2009). AsContinue reading “Financial Advisors Learn How to Prepare for Clients with Alzheimer’s Disease and Dementia”
Before It Is Too Late: How Financial Advisors Can Best Serve Their Clients with Dementia
As the number of individuals with dementia continues to grow, so too will the number of clients served by financial advisors. Advisors must be better positioned to identify those with memory loss early on and how to assist clients ensure a better financial future in the face of such a disease. Advisors should be encouragedContinue reading “Before It Is Too Late: How Financial Advisors Can Best Serve Their Clients with Dementia”
Be Prepared to Assist with Finances for a Parent with Dementia
Preparing to assume responsibility for a parent’s finances can be a tricky situation. Research shows executive function is often the first sign of memory loss, evidenced by difficulty with simple calculations, maintaining account balances, and paying bills. Eventually a parent with dementia will no longer be capable of any financial responsibilities. Unfortunately, most families ofContinue reading “Be Prepared to Assist with Finances for a Parent with Dementia”
Caregiving for Family Members with Alzheimer’s Disease Affects the Workplace
Caring for a family member with Alzheimer’s disease affects employees in all organizations – husbands, wives, daughters and sons, and their families. While speaking with a business owner recently, he shared a story that I am hearing more often in recent years. He was frustrated because he was unable to reach two separate, high earnersContinue reading “Caregiving for Family Members with Alzheimer’s Disease Affects the Workplace”
Clients with Dementia? Financial Advisors Must Prepare in Advance
We have written in prior blogs about how clients with dementia will increase, and the need for financial advisors to prepare in advance. Financial advisors often have a long standing relationship with their client and may be the first to notice changes or have concerns about financial decisions the client is making. A recent articleContinue reading “Clients with Dementia? Financial Advisors Must Prepare in Advance”
Should Financial Advisors Be Concerned About Dementia?
Indeed they should! At least 84% of financial advisors believe they have clients with Alzheimer’s and dementia in their client base, and 96% of financial advisors indicated that they were not prepared to deal with it (Harris, 2009). As the “Alzheimer’s tsunami” grows, so too will the number of clients with Alzheimer’s disease and cognitiveContinue reading “Should Financial Advisors Be Concerned About Dementia?”
Dementia Care Expertise for Health Care Providers 