The Investment Funds Institute of Canada (IFIC) announced on July 5 the launch of additional resources in its online Vulnerable Investors Resource Centre, which is designed to help advisors and their firms meet the needs of elderly clients.
The focus of the new materials, which include a video and accompanying presentation, is diminished capacity and decision making. These materials share insights and best practices to help advisors recognize the signs of cognitive decline in their clients and understand the steps to take to safeguard their clients’ financial security.
“The issue of aging investors and diminished capacity raises challenging legal, regulatory and ethical questions and affects all financial services stakeholders,” said Paul C. Bourque, President and CEO, IFIC. “Our objectives with these new resources are to make advisors more aware of this complex issue and to help them more confidently serve these clients.”
To learn more, visit the resource centre on IFIC’s website.