The old saying about prevention being the best medicine holds true when it comes to financial scams. Particularly in situations involving elderly investors, victims rarely recoup even a portion of the assets they lost, experts say.
Successfully prosecuting cases of elder financial abuse is challenging for a number of reasons, not the least of which being that victims are commonly unwilling or unable to come forward as compelling witnesses, according to Tom Hebrank, CFP, president of Advanced Planning Solutions, which provides senior healthcare planning services for fee-only planners.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access