Diminished Capacity and Senior Clients: What Steps Compliance Can Take to Protect its Firm and the Client

Diminished Capacity and Senior Clients: What Steps Compliance Can Take to Protect its Firm and the Client

A new challenge is facing Investment Advisers: an aging client demographic! With it comes the need to reconsider your policies as well as the proactive steps you can take to protect your clients. The focus on senior investors is a top concern of the SEC, as mentioned in its Examination Priorities for 2017. As stated in the published release, “(The SEC) will evaluate how firms manage their interactions with senior investors, including their ability to identify financial exploitation of seniors. Examinations will likely focus on registrants’ supervisory programs and controls relating to products and services directed at senior investors.” Do you have those controls in place? This ComplianceCast will guide you in developing a robust compliance program to protect your senior clients while also safeguarding your advisory practice.


Fill in & submit the form below to download this ComplianceCast™.