Elder Fraud Prevention: Fighting Against Financial Exploitation - NAPFA and CFP® Credit

Hayden McCoy

Elder fraud is a rapidly growing epidemic, often perpetrated by those in a fiduciary capacity or position of trust. The vast majority of elder fraud goes unreported; estimated losses range as high as $36.5 billion annually in the US, and are increasing every year. The Department of Justice, FBI, and FINRA have initiatives to help elders report fraud and obtain justice, but are there more effective and practical ways to prevent this abuse?

Now more than ever, financial planners are in a unique position to assist older clients, or families with aging relatives, protect their financial assets from exploitation. Learn how you can become an advocate for the prevention of elder fraud, and stop crimes against our most vulnerable.

Learning Objectives:
• Identify the red flags and key perpetrators of elder fraud
• Help senior clients and/or their families protect assets from financial exploitation
• Learn when and where to report suspicions of elder fraud to authorities

1 NAPFA CE in G - Ethics will be posted in your NAPFA CE record after successful completion of the associated quiz. In addition, NAPFA will upload your self-study credit to the CFP Board of Standards within 2 weeks.

Recorded at the NAPFA Fall 2020 National Conference.

After purchase, you may access your recorded course under the My Webinars link on your My Account page of the NAPFA website for the next 90 days.