Contributed by: Sandra Adams, CFP®
I recently had the honor of speaking on a panel at the IA Watch Compliance Conference in Washington DC on the topic of "Solutions for Serving Seniors and Vulnerable Older Adults.” Conference attendees, who were financial firm owners, compliance officers, and financial advisors in compliance roles, attended the conference to get up-to-speed on industry hot topics such as SEC filing changes, Cyber Security, and, of course, how to best serve their aging client demographic.
The panel consisted of myself, Ronald Long, a Compliance officer from Wells Fargo Advisors, and Michael Creedon, a Gerontologist and Social Worker who writes and speaks on issues related to older adults. As the only financial planner and practitioner in attendance that works directly with clients, I was glad to be able to give practical tips for how to best help clients while continuing long term relationships with client families.
The message of the panel was clear:
No matter what our position, it is our job to best serve clients and their families, and addressing the issues of potential diminished capacity and other long term care issues head-on is the best way to do that.
I hope that presenting at this and other conferences is one more step towards spreading the word on this very important message to advisors in our industry!
Sandra Adams, CFP® is a Partner and Financial Planner at Center for Financial Planning, Inc. Sandy specializes in Elder Care Financial Planning and is a frequent speaker on related topics. In addition to her frequent contributions to Money Centered, she is regularly quoted in national media publications such as The Wall Street Journal, Research Magazine and Journal of Financial Planning.