Protect yourself and your loved ones
“Anyone can become the target of financial fraud. With the establishment of our Client Risk Prevention Division, we hope to combat financial abuse by encouraging open dialogue with our clients, arming our employees with the knowledge to recognize signs of fraud, and creating connections with the broader community.”– Michael Armstrong, CEO of RBC Wealth Management - U.S.
Identity theft. Social Security fraud. Telephone and email scams. Misuse of accounts. Unauthorized withdrawals. Extortion. It’s alarming how many ways seniors and vulnerable adults may be victimized.
At RBC Wealth Management, we are in a unique position to spot the red flags of financial exploitation and fraud. We all have a responsibility to help safeguard our senior and vulnerable clients from fraud and financial abuse.
We provide extensive training and support to help our financial advisors protect senior and vulnerable clients. This includes discussing incapacity and cognitive decline in our planning process and asking all clients to provide a trusted personal contact. This contact is a person we can follow up with on our client’s behalf, should we have a concern about cognitive decline or suspect financial abuse.
We also partner with community groups and local law enforcement agencies to raise awareness, share expertise and provide leadership to solve the growing problem of financial abuse and increasing prevalence of cognitive decline.
An RBC Wealth Management financial advisor can help you learn more and suggest proactive measures tailored to your personal situation.
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.