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FINANCIAL ADVISOR CHECKLIST – ELDER FINANCIAL EXPLOITATION “RED FLAGS”
• SUDDEN, ATYPICAL OR UNEXPLAINED WITHDRAWALS• SUDDEN CHANGE IN POWER OF ATTORNEY OR BENEFICIARIES• SUDDEN CHANGE IN CARE PROVIDER / NEW SET OF “FRIENDS”• CARE PROVIDER/FRIEND SHOWS EXCESSIVE INTEREST IN CLIENT
FINANCES• DRASTIC SHIFTS IN INVESTMENT STYLE / CLIENT KNOWLEDGE OF
FINANCES• SIGNS OF INTIMIDATION / UNKEMPT APPEARANCE / ISOLATION• CARE PROVIDER DOES NOT ALLOW CLIENT TO SPEAK FOR
HIM/HERSELF AND IS RELUCTANT TO LEAVE CLIENT’S SIDE DURING CONVERSATIONS
• CLIENT SHOWS UNUSUAL FEAR OR SUBMISSIVENESS TOWARD CARE PROVIDER
• CLIENT EXPRESSES FEAR OF NURSING HOME PLACEMENT IF MONEY NOT GIVEN TO CARE PROVIDER
• NEW CARE PROVIDER, RELATIVE OR FRIEND BEGINS CONDUCTING TRANSACTIONS ON BEHALF OF THE CLIENT
• INABILITY TO CONTACT THE CLIENT / ADVISOR CANNOT SPEAK TO CLIENT
• SIGNS OF ILLICIT ACTIVITY
© 2015 Timothy Keeton