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Combating Elder Abuse

     One disturbing thing that I have seen as an attorney and financial advisor is the frequency that older Americans are financially victimized by others.  This comes in the form of strangers that prey on the elderly with fraudulent schemes and often friends and family that take advantage of their close relationship to seniors to take what is not theirs.
     In Kansas, the  Legislature enacted a law which makes mistreatment of dependent adults a felony.  The Sedgwick County District Attorney has organized a group called the Financial Abuse Specialist Team that focuses solely on this problem.
     The best thing we can do is be aware of the signs of elder abuse and the steps seniors can take to avoid being taken advantage of.  Indicators of financial abuse include recent acquaintances that express interest in the person’s or a relative or caregiver who isolates the elder from family and friends.
     If you suspect financial or any other abuse you should contact the Department of Children and Families Adult Protective Services at 1-800-922-5330.


About LPL Financial
LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around. Today, LPL is a leader in the markets we serve,* supporting nearly 20,000 financial advisors, and approximately 800 institution based investment programs and 500 independent RIA firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to personalized guidance from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients

*Top RIA custodian (Cerulli Associates, 2020 U.S. RIA Marketplace Report); No. 1 Independent Broker-Dealer in the U.S (Based on total revenues, Financial Planning magazine 1996-2021); No. 1 provider of third-party brokerage services to banks and credit unions (2020-2021 Kehrer Bielan Research & Consulting Annual TPM Report); Fortune 400 Company as of June 2021. LPL and its affiliated companies provide financial services only from the United States.

Jones & Company and LPL Financial are separate companies.

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