This is the third of four episodes where we’ll explore the “money mindset” of some unique groups that advisors serve.
One of the more difficult situations an advisor can face occurs when a client starts showing signs of cognitive decline. How do you tell if your client is no longer able to make good decisions? How do you bring family members into that discussion? And when should you invoke the power of attorney?
We’re joined by two professionals who have worked with clients showing signs of cognitive decline: Linda Shick, Senior Vice President and Portfolio Manager at Angas Shick Private Wealth Counsel, and Hyman Darling, Attorney at Bacon-Wilson PC and President of the National Academy of Elder Law Attorneys. Together, they discuss the keys to managing this complex situation, including the emotional and financial balance between the client, their family and the other professionals that may be involved.
For full show notes and links mentioned in this episode, visit http://bmogam.com/betterconversations.
128 4 enduring principles for the road ahead
127 Investor archetypes: Matching communications to client personalities
126 How to navigate changes in a retirement plan
125 When is Medicare right for me?
124 Managing money together: The importance of financial conversations in relationships
123 Building better client experiences
122 Referrals: The Holy Grail of Growth
121 Intersecting life and money: Advanced care planning
120 Advisor sponsored events in a post-pandemic world
119 Can I invest my IRA in this?
118 Winning more of your boardroom presentations
117 Emergency savings: Planning for the unplannable
116 Adapting to the changing landscape of income
115 A year like no other: The best learnings from 2020
114 Framing an ESG conversation with your clients
113 Unlocking your vision for success
112 Real financial advice: Being a guide in a changing landscape
111 Help needed: Hiring an executive assistant
110 Five steps to effective communication
109 Navigating family dynamics: Multigenerational wealth
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