Unfortunately, Financial Elder Abuse is quite common. Seniors often fall prey to unscrupulous brokers and advisors who disregard their investment goals and tolerance for risk. These unscrupulous stockbrokers and financial advisers sometimes promote the sale of financial products that are often completely unsuitable for seniors. The elderly are the fastest growing segment of our society and retirement assets are a very significant portion of our country’s savings and wealth. The elderly are living longer and need to save more than ever before. We as a society do not always recognize the threats to this vulnerable population. Threats include physical and mental health issues such as stroke, Alzheimer’s, isolationism, and other causes still exist in spite of our best efforts to protect our seniors.
The victims of elder abuse often live alone, may be in poor health, and often suffer from diminished mental capacity. These conditions make them susceptible to exploitation through undue influence or duress by financial advisers and brokerage firms. The elderly are ofteneasily swayed and are vulnerable to the influence of financial advisers .
If you or someone you know has been taken financial advantage of, we can help recover losses. Watch our video below, and contact us for a FREE consultation to see if we can help you or a victim of financial elder abuse.