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  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Course Description

Financial advisors are undoubtedly familiar with the financial planning issues that older clients face: the need to maximize Social Security benefits, develop an income stream to last throughout retirement, ensure that health care costs are covered, and ultimately develop an estate plan to transfer assets to heirs in a tax-efficient manner.

However, advisors working in the senior market must also consider another important issue:

  • What happens if their clients become cognitively impaired in the future? 
  • Have their client's taken steps to protect their assets? 
  • Do they have a trustworthy person who can step in to help? 
  • If a financial advisor suspects that a client’s cognitive abilities are declining or have diminished to the point that he or she lacks the legal capacity to execute a transaction, what should the advisor do? 

To ethically serve the wave of aging baby boomers, financial advisors must be prepared to address the important issue of diminished capacity. Those who understand the signs of cognitive decline and develop protocols and strategies for working with such impairment can help ensure that clients are protected during a vulnerable stage in their lives.

Major topics covered in this CPE webinar:

  • Normal age-related changes occur as people get older.
  • The issue of financial capacity and the red flags may indicate its decline.
  • The proactive measures advisors can take if diminished capacity in a client is suspected. 
  • Examining the growing problem of financial abuse of the elderly.
  • The steps that advisors can take to protect clients and mitigate their own risk of liability.

In this CPE Ethics course, we’ll learn about the general ethical duties that financial advisors owe to clients as well as the enhanced duties that are required when working with senior clients.

Learning Objectives

  • To understand the ethical duties that financial advisors owe to clients in general and the specific duties owed to senior clients.
  • To discuss the types of information that advisors must obtain to ensure the suitability of a product recommendation.
  • To analyze the various physical, psychological, and cognitive changes individuals face as they age.
  • To explain what financial advisors can do to help ensure client understanding of financial concepts and products.
  • To demonstrate understanding of the prevalence of cognitive impairment among older adults.
  • To identify the warning signs that may indicate a client is suffering from cognitive impairment.
  • To explain the tools that financial advisors can use to protect clients who may be suffering from cognitive impairment.
  • To analyze the various red flags that may indicate a person is being financially exploited or abused.
  • To inspect how advisors can protect older clients from financial abuse.
  • To discuss the various red flags that may indicate a person is being financially exploited or abused.

Recommended For

  • This Online CPE/CE Ethics webinar is recommended for CSAs who want to satisfy their annual ethics requirement

Who Should Attend?

  • Certified Public Accountant (CPA)
  • Certified Senior Advisor
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 3 CE Credit of Ethics (Regulatory) for Certified Senior Advisor (CSA)

Additional details

  • Course Level :
    Basic
  • Credits :
    3
  • Instructional Method :
    Group Internet Based
  • Pre-requisites :
    None
  • Advance Preparation :
    None

Presenter

About Presenter

Nicholas Preusch

Certified Public Accountant (CPA), Nicholas Preusch

Nicholas has worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility. Nicholas has authored publications for the AICPA’s Journal of Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure. He also co-authored a textbook, Tax Preparer Penalties and Circular 230 Enforcement, published by Thomson Reuters. Nicholas has been recognized as the Top 5 Under 35 CPAs in Virginia, and is a member of the  AICPA’s Tax Executive Committee. Nicholas is an adjunct professor at the University of Mary Washington. He is a graduate of Carthage College, University of Connecticut (M.S. in Accounting), Case Western Reserve University School of Law (J.D.), and Georgetown University (LLM in Taxation).

Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
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  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

4.3

3 Ratings

Excellent

2

Very Good

0

Average

1

Poor

0

Terrible

0

CSA Ethics

PREMIUM

3 Credits

Subject Area

Ethics (Regulatory)

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