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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

Fall Reading List: 5 Books Recommended by Financial Advisors for Financial Advisors

Posted by Moira Do on 10/8/19 1:15 PM

 

If you’re the type that cozies up to a good business book, below we outline an essential Fall reading list – put together by Financial Advisors for Financial Advisors. Our recurring series the “Advisor Spotlight” asks Vanderbilt Advisors to share books that have helped shape or influence their practice over the years. Below are just a few of our favorites:

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Topics: Financial Advisors, Impact Investing, Jed Emerson, Financial Literacy, Reading List

3 Reasons Why Robots Will Not Replace Human Advisors in the Financial Advice Industry

Posted by Moira Do on 10/1/19 12:06 PM

 


Automation has given rise to Robo-Advising, a new technology that uses algorithms to aid in investment decisions, including those related to impact investing. What is an algorithm, and how does it offer financial advice? An algorithm is a process or set of rules to be followed in calculations or other problem-solving operations, usually done by a computer. In financial services, a Robo-Advising algorithm is mainly used for non-complicated portfolio management. Clients can choose from a wide range of companies and services with a lower minimum initial investment than most traditional financial advisors. The account fee is low to zero, which attracts a large swath of clients who typically find an advisor’s fee as a cost-prohibitive barrier. As this technology becomes increasingly popular, there have been talks about the replacement of the human financial advisor.

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Topics: Financial Advisors, Artificial Intelligence, Robo-Advising, Automation, AI, Robo-Investing

The Professor and Lifelong Learner

Posted by Kimberly Wynne on 6/28/19 10:00 AM

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Topics: Financial Advisors, Retirement Planning, The Advisor Spotlight

An Innovative Advisor focused on Impact Investing

Posted by Kimberly Wynne on 5/31/19 4:15 PM
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Topics: Financial Advisors, Impact Investing, The Advisor Spotlight

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