Should FAs Be Tested for Cognitive Decline?

August 9, 2022 by Sam Del Rowe

Financial advisors have several ways of dealing with clients who may be behaving erratically, including freezing their accounts. But what’s the course of action when it’s the advisor exhibiting cognitive decline?

“[T]he awkward part of the conversation [is] it’s not just clients. It’s me, it’s you, it’s financial advisors. None of us is immune from capacity issues down the line,” Kyle Witschen, director of compliance at Raymond James, said during the firm’s 2022 Elevate conference.

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Originally Posted at Financial Advisor IQ on August 8, 2022 by Sam Del Rowe.