As financial fraud becomes increasingly persistent, we work alongside our clients to help protect them from further losses and future scams.
Financial security affects everyone, and potential risks take many forms. Older and vulnerable Americans are often targeted for fraud and exploitation. Financial exploitation costs Americans almost $3 billion each year, according to SIMFA, the national securities trade organization.
At RBC Wealth Management, we’re in a unique position to spot suspicious activity and red flags associated with identity theft, fraud, scams and more. It’s alarming how many ways seniors and vulnerable adults may be victimized. Our team helps make sure you’re prepared and protected.
Dementia may cause adults to make costly financial mistakes, and isolated seniors may be especially vulnerable to potential financial abuse. Have a plan, just in case, to prepare and protect your wealth and your loved ones. Our financial advisors can work with you and your family to develop wealth plans to help manage the financial conflicts of cognitive decline. Learn more about managing the financial risks of dementia.
RBC Wealth Management financial advisors receive training and support to identify and act quickly to help block potential fraud or financial abuse threats. During your wealth planning process, your financial advisor may address the following to help protect your family:
Financial fraud ranges from stealing to improperly repurposing finances to money laundering and terrorist financing. Anyone can be targeted by financial scams, and aging seniors and vulnerable adults are frequently targeted. With proactive outreach, teamwork and education for your entire family, we’re committed to protecting your finances.
Identity theft ranges from a single fraudulent transaction to creating and accessing new accounts in the victim’s name. As the volume of these threats increases, so does the potential risk to your financial security. That’s why RBC Wealth Management makes cybersecurity a top priority. We update and adapt our technology to combat identity theft and promote online security. Our financial advisors can also help you take actions to safeguard your information. Learn more about cybersecurity.
Our fraud and scam recovery guide provides guidance on recovering from fraud, scams and identity theft. Let’s work together to help reduce your risk and give you peace of mind.
Anyone can become the target of financial fraud. We encourage open dialogue with our clients and arm our employees with the knowledge to recognize signs of fraud.
Michael ArmstrongCEO of RBC Wealth Management–U.S.
Speak with an RBC Wealth Management financial advisor about ways you can protect your wealth.
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Investment and insurance products offered through RBC Wealth Management are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, or guaranteed by, a bank or any bank affiliate, and are subject to investment risks, including possible loss of the principal amount invested.