How Financial Planners Can Combat Elder Abuse

Financial planners who assist elderly clients might be a first line of defense in recognizing elder abuse, which makes spotting these signs of abuse and knowing how to assist abused seniors by these professionals imperative, according to a recent piece in Financial Planning. In fact, 23 states — including Tennessee — have adopted model legislation by the North American Securities Administrators Association (NASAA) that addresses such issues because of advisors’ distinct ability to notice early warning signs of abuse. Tennessee codified its version of NASAA’s model legislation in 2017.

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