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Shareholder resolutions: What are they and why should they matter to your clients?

Posted by Joe Trifiletti on 12/20/19 11:46 AM

 

Summary

  • Shareholder resolutions are powerful ways that your clients can exercise their voice as to how the companies they own and their portfolios are managed.
  • Shareholder resolutions exemplify shareholder activism.
  • Financial Advisors can represent their clients interests by signing onto shareholder resolutions through various resources outlined at the end of the article.
In 2018, we wrote about BlackRock being one of the many businesses that promotes good in the world by capitalizing its value on Sustainability. This year, CEO Larry Fink further proved that the firm's resolve is not just lip service as he continues to emphasize that the modern-day company should be profit and purpose-driven in his  2019 annual letter to CEOs
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Topics: Impact Investing, ESG

Debt Consolidation: Helping Clients Manage Debt

Posted by Joe Trifiletti on 12/13/19 1:22 PM

 

Summary:

  • In dealing with debt, you should get familiar with these 3 key factors when considering Debt Consolidation, 3 common Debt Consolidation tools, and their pros/cons.
  • Your goal as an Financial Advisor is making sure clients don’t make the same mistake twice that damages their financial health.

More so than ever, Financial Advisors have become holistic practitioners looking at the complete financial wellness of their clients. Long gone are the days of transaction-based FAs handling 401ks and investments for retirement – Financial Advisors have become embedded in the personal lives of their clients, offering advice on a myriad of financial (and sometimes non-financial) needs.

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Topics: Financial advisor

Tips to Avoid Getting Scammed by a Social Enterprise

Posted by Joe Trifiletti on 11/22/19 4:10 PM

 

Editor's Note: This is the third and final post in a series for International Fraud Awareness Week, November 17-23. Fraud is one of the most serious issues clients deal with today. We hope that through this series, Financial Advisors gain a deeper awareness of the types of fraud their clients face and an understanding of how to help spot it before any damage is done.

TL;DR Summary:

  • Social Enterprise Fraud undermines the reputation of the Financial Institutions and Advisors who offer unique opportunities for clients to have impact with their investments.
  • There are 5 common types of Social Enterprise Fraud that investors need to be aware of: illegitimate enterprises, corruption, charity fraud, identity theft, and phishing.
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Topics: Financial Advising, Financial Fraud

Helping Clients Spot Common Types of Medicare Fraud

Posted by Joe Trifiletti on 11/20/19 11:20 AM

 

Editor's Note: This is the second post in a series for International Fraud Awareness Week, November 17-23. Fraud is one of the most serious issues clients deal with today. We hope that through this series, Financial Advisors gain a deeper awareness of the types of fraud their clients face and an understanding of how to help spot it before any damage is done.

TL;DR Summary:

  • More than 10,000 Americans reach 65 years of age per day. Medicare is becoming the single most important healthcare security for senior citizens.
  • A few common types of Medicare Fraud are eating away money from your clients and taxpayers: Upcoding and Unbundling, Phantom Billing, Kickbacks, and Waiving Unqualified Medicare co-pays and deductibles
  • Equipping clients with knowledge of these frauds and the laws to protect them could save countless hours and dollars.
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Topics: Financial Advisors, Medicare, Medicaid, Financial Fraud

Robocall Scammers are Targeting Asian Americans at Accelerated Rates

Posted by Joe Trifiletti on 11/18/19 2:49 PM

Editor’s Note: This is the first post in a series of blogs for International Fraud Awareness Week, November 17-23. Fraud is one of the most serious issues clients deal with today. We hope that through this series, Financial Advisors gain a deeper awareness of the types of fraud their clients face and an understanding of how to help spot it before any damage is done.

TL;DR Summary:

· Asian Americans have become good targets for fraud. Their inclination towards loss aversion and fears related to immigration issues are a few reasons why scammers are targeting this population.

· Illegal Robocalls are a major issue being investigated by the FCC and the FBI.

· Robocalls have caused severe financial loss amongst Chinese Americans specifically with a reported loss of $164,000 on average per incident according to FBI’s Internet Crime Complaint Center.

· Financial Advisors can help their clients save thousands of dollars from four handy tips on how to spot Robocall fraud.

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Topics: Financial Advising, Financial Fraud

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