Financial professionals are often in a prime position to detect cognitive impairment in their clients, but they frequently struggle to know what to do in response.
When and how should they address their concerns? What, if anything, can be done proactively to protect everyone involved? What ethical principles and standards come into play?
Drs. McClanahan and Somers will be presenting actionable recommendations for how advisors can manage both the issues and the difficult emotions that frequently arise in the course of dealing with cognitive incapacity.
Among the topics to be covered:
• Components and developmental trajectory of financial competency
• Differing presentations of financial incapacity
• Best practices to implement before decline sets in
• Issues arising from significant health diagnoses, mental health crises, and dementias
• Communication tips
• Boundary setting
1CFP CE Pending Approval