They may not think it’s a common occurrence among their ownclients, but financial advisors citefinancial abuse of elders as a top ethical concern.
That’s according to new research from the American College ofFinancial Services. In its Ethical Issues in Retirement IncomePlanning Survey, the American College sought to identify financialservices professionals’ primary ethical concerns in retirementincome planning, gauge how financial professionals view theindustry’s current ethical challenges and understand how ethicalpractices can be improved in retirement incomeplanning.
The survey found that more than 80 percent of respondents areconcerned about protecting their clients from financial elder abuse— in fact, it was their top-ranked ethical concern. But just 28percent believed it was a common occurrence.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
