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Copyright © Ellen Bessner, all rights reserved ADVISOR AT RISK HOW TO PREPARE FOR: SENIORS SENIORS...
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Transcript of Copyright © Ellen Bessner, all rights reserved ADVISOR AT RISK HOW TO PREPARE FOR: SENIORS SENIORS...
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Copyright © Ellen Bessner, all rights reserved
ADVISOR AT RISKADVISOR AT RISK
HOW TO PREPARE FOR:HOW TO PREPARE FOR:
SENIORSSENIORS
Copyright © Ellen Bessner, all rights reserved
Ellen J. Bessner, PartnerEllen J. Bessner, PartnerCassels Brock & Blackwell LLPCassels Brock & Blackwell LLP
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Copyright © Ellen Bessner, all rights reserved2
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Copyright © Ellen Bessner, all rights reserved
Four Common Risks:Risk # 1: Regulatory and Legal Presumptions Favour Seniors
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Cont’d …
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Copyright © Ellen Bessner, all rights reserved
Risk # 2: Complexities of POA/Privacy
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Copyright © Ellen Bessner, all rights reserved
Risk #3: Seniors are in search of Yields
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Copyright © Ellen Bessner, all rights reserved
Risk #4: Seniors who have dementia cannot instruct advisor
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Copyright © Ellen Bessner, all rights reserved7
TEACH ADVISORS:- To understand risks and protect the business- To appreciate risks associated with the current
regulatory and legal environment- Today’s realities are different- Develop processes, follow them and
DOCUMENT because credibility battle moredifficult to win....seniors never lie!
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Copyright © Ellen Bessner, all rights reserved8
Are your advisors equipped with processes and procedures to deal with this growing sector of our population?
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Copyright © Ellen Bessner, all rights reserved9
Admin 1806146.2
Develop Preventative Measures and Roadmap to Safety
E-alerts – provide business cards
Bestselling Author: Advisor at Risk, a Roadmap to Protecting Your Business (Chapters/lndigo)
Ellen Bessner, Litigation and Regulatory Defence, Training/Process Review