Senior Investor Compliance Services

Financial firms are struggling with the growing incidence of external fraud and exploitation targeting their senior and otherwise at-risk clients. Small and medium-sized advisory and brokerage firms typically lack a robust infrastructure to handle the increasingly complex and risky problems that arise when financial exploitation is suspected.

For firms and financial advisors, failing to timely and properly manage these crises exposes them to civil and regulatory liability, reputational risk and fee revenue impairment due to irreversible client retirement asset losses.

Stevens & Lee engages with financial services firms to enhance their efforts to prevent or mitigate harm resulting from financial exploitation, scams and other sophisticated fraud directed at their elder and at-risk clients. Our team offers the support needed to quickly and efficiently handle the increasingly thorny and complex issues that arise when exploitation is suspected or alleged.

Our work can be scaled to firms of any size, and we provide packaged programs specifically intended to reach unserved or underserved firms desiring the benefits of experienced help but who cannot afford to staff specialists. Financial advisory firms and their agents frequently need guidance about how to respond quickly – time is of the essence when harm is suspected. Stevens & Lee has extensive experience working to prevent harm to investors and offers a suite of services to help firms help their clientele.

We offer:

• On-call/triage advisory services to guide firm staff through a temporary disbursement, transaction hold or other financial exploitation-related issue, addressing time-sensitive communications with affected clients and supporting internal and external reporting obligations
• State regulatory and Senior Safe Act-compliant training that includes the firm-required training of staff at all levels regarding detection of financial exploitation and red flags of fraud, and taking action to minimize client harm
• Recommendations to enhance operational processes and procedures to support client servicing
• Notifications and guidance regarding upcoming federal and state regulatory changes

Stevens & Lee’s Senior Investor Compliance Services Team includes professionals with deep field experience in elder and at-risk investor fraud prevention and extensive expertise in anti-money laundering, operations, compliance and fraud mitigation.

To learn more, contact us at seniors@stevenslee.com.