Working with elderly clients in the managing of their finances can be a balancing act, requiring brokers to walk a tightrope in terms of maintaining mutual confidence in the handling of accounts and guaranteeing compliance with state and federal regulatory bodies.
Often the dominant concerns among broker dealers are the mental and physical well-being of older clients as well as how to react to financial decisions that are made contrary to expert advice and when to freeze accounts.
We invite you to listen to this podcast in which Fox partners Ernest E. Badway and Joshua Horn, co-chairs of the firm's Securities Industry practice group, discuss how best to approach the difficult ethical situations that become more common as clients age.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
