Working with older clients in the investment planning process is _____,and if acting as a fiduciary,the adviser needs to be _____ for potential elder fraud,financial abuse,and exploitation.
A)Difficult / defended.
B)Difficult / vigilant.
C)Rewarding / defended.
D)Rewarding / vigilant.

Question

Quizplus · Accepted Answer

Working with older clients can be a rewarding experience, but it also requires the adviser to be vigilant for potential elder fraud, financial abuse, and exploitation. This includes being aware of signs of cognitive decline or vulnerability, and implementing safeguards to protect the client's assets. As a fiduciary, the adviser has a legal obligation to act in the best interests of the client, which includes protecting them from financial harm.

Working with Older Clients in the Investment Planning Process Is