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Financial Capability Month: Empowering Clients with Smart Money Moves

Posted by Jerry McNulty on 4/28/25 2:22 PM

April is Financial Capability Month — a perfect opportunity for financial professionals to help their clients strengthen their financial foundations. As financial professionals and advocates, it's crucial that you not only manage portfolios but also guide your clients toward smarter everyday financial decisions.

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Topics: Financial Advisors, Financial Advising, Independent Financial Advisor, Business Building, Client Relationships, Financial advisor, Long Term Planning, Vanderbilt Financial Group, Financial Literacy, College Debt, Investment, Investment Behavior, Financial Fraud, Managing Debt, saving, saving money, financial stress, mental health, Advisor Tools, Client Tips

10 Best Cybersecurity Practices for Financial Professionals

Posted by Jerry McNulty on 10/30/23 4:57 PM

As we continue to navigate an increasingly interconnected world, it is crucial that we remain vigilant in safeguarding our sensitive data and information and in protecting a financial professional's own and client data from potential threats. Cybersecurity is a responsibility, and each financial professional must do everything they can to maintain the security, integrity, and confidentiality of their client's data.

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Topics: Financial Advisors, Financial Technology, Cybersecurity, phishing, Financial Fraud, finance, infographic

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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