working with elderly and "vulnerable" investors
DESCRIPTION
Terpening discusses best practices for protecting your vulnerable investor clients and preventing financial loss and investment fraud.TRANSCRIPT
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Working With Elderly & “Vulnerable” Investors
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WRT Background
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Defense Perspective
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Defense Perspective
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Two Central Themes Today
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Two Central Themes Today
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Protect Yourself
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Protect Yourself
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Heightened Media Awareness
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Bad/ Unregulated/ Untrained Planners “Dilute” “Brand”
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“Vulnerable” Victims
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Protect your clients.
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Case Studies
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“Edith Bunker” * *(Victim and Fraudster Names Changed to Protect Anonymity.)
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“Edith Bunker” – Classic Client Victim – Bio
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Edith Bunker – Financial Picture
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Fred Frugal
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Fred Frugal
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Fred Frugal Has An Investment for Edith!
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Edith and Family Become Concerned.
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Truth is Revealed to Edith and Family.
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What recourse does Edith have? Sadly, often none.
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Second (and Last) Hypothetical
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United States Sweepstakes Commission
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Tuesday Comes
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Who is Officer Jones, Really?
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“Officer” Jones?
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Time to Address? When Edith Starts Mentioning Fred, Needing $ for the Sweepstakes, Etc..
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Further Warning Signs…
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Further Warning Signs…
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Warning Sign Summary
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Warning Signs
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Precautionary Measures
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Frequency of These Cases
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They Happen in Charlotte Every Day.
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Protect yourself.
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We Live in a High- Sensitivity Era.
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Wrong Impressions…
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Protecting Your Relationships and Your Record
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Case Study
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Jennifer Wilkov
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Jennifer Wilkov
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Wilkov Lessons
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Avoiding Misimpressions & Creating a Positive Record.
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Presentations.
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Anderson Terpening PLLC
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Questions?