Despite the differences in how people age, we can all agree that older adults are a much more vulnerable group when it comes to financial fraud. In fact, the FBI estimates that senior citizens lose more than $3 Billion each year to financial scams. Whether dealing with older clients or family members, we all face challenges on how to assess vulnerability and protect them from financial loss.
Join us for a moderated discussion with Dr. Peter Lichtenberg, PhD, ABPP, Director of the Institute of Gerontology and Founding Director of the Wayne State University Lifespan Alliance. A national expert in financial capacity assessment and financial exploitation, Dr. Lichtenberg has spent more than thirty years researching the intersection of financial capacity and financial exploitation and developing tools that can be used by financial professionals to assess and protect older adults.
During this session you will learn about:
- The relationship between early memory loss, financial decision making and financial exploitation;
- New research on early memory loss and excessive spending; and
- The Financial Decision Tracker and its uses with clients.