How to Spot Elder Fraud by a Financial Professional

I feel fortunate to have contributed to a recent article published by AARP, in which the important topic of elder fraud in financial services was discussed. Be sure to check out the important tips outlined in the article to protect your loved ones and their money.

Ask questions if a financial adviser is frequently moving a loved one’s money around or recommending major changes in their assets or estate, says Adam P. Scherer, president of Greenbeat Financial, a financial planning firm in West Hartford, Connecticut.

A lack of availability and accessibility — not returning phone calls, for example — is another big warning sign, Scherer says, indicating at the very least negligence on the financial professional’s part.

At Greenbeat Financial, we are bound by a 'Fiduciary Duty’ to act in the best interests of all the client’s we serve & believe in the Golden Rule. Let’s treat one another with the dignity and respect that is inherently deserved.