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Planning Newsletter - Apr 2019

Trusted Contacts Bring Peace of Mind to Everyone (Not Just Seniors)

Trusted Contacts Bring Peace of Mind to Everyone (Not Just Seniors)

In response to rampant financial exploitation of senior investors, the SEC is now requiring financial institutions and services firms to ask for trusted contact information.

Important Points on Trusted Contacts

  • Having a trusted contact could prevent you from losing substantial amounts of wealth due to fraud or fraudulent activity.

  • They play a key role in facilitating the flow of information between you and your financial advisor in instances when communication may be compromised.

  • Trusted contacts are essential for anyone who faces a higher risk of financial exploitation.