Granting power of attorney is a difficult but important decision. You can help your clients make the right choice
The new rule, which takes effect Oct. 6, will bring IIROC in line with the approach the MFDA has recently adopted
The recommendations amount to a sweeping reform of the way vulnerable people are assisted in areas ranging from finances to health care
Advisors and their dealers need to establish protocols to the everyday issues that occur when senior clients have a POA in place
In part six of a multi-part series, “Keeping your practice compliant,” Ellen Bessner, partner, Babin Bessner Spry LLP, and Dan Richards, CEO, Client Insights, discuss why you need a power of attorney document from every client, and give tips on when and how to broach this issue in a positive way.
In part two of a six-part series, “Keeping your practice compliant,” Ellen Bessner, partner, Babin Bessner Spry LLP, and Dan Richards, CEO, Client Insights, discuss what to do when clients’ adult children have power of attorney.
Advisors and firms should ensure they are implementing the recommended practices involving powers of attorney and senior clients
Regulators are continuing to mull over possible changes to the rules that restrict dealer employees from acting as an executor, power of attorney (POA), or trustee
Help your clients protect themselves by preparing powers of attorney
Taking the word of a client’s family member that he or she has the power of attorney on the client’s account is a practice fraught with peril