Protecting Clients from Fraud Incompetence and Scams

Protect your clients - and yourself - from all kinds of financial chicanery and stupidity with this vital new book

It doesn't matter if a financial error was made because of malice or ignorance - the end result is that you lose money. Luckily, you don't have to sit idly and take it. If you have Protecting Clients from Fraud, Incompetence and Scams, you can identify and avoid the dysfunctional sectors of the financial industry, steer clear of the fallout from the Madoff Era, and guide your clients to real, healthy, sustainable returns. This powerful book
* Pinpoints dysfunctional sectors within the financial industry and offers advice against frauds and scammers
* Shows how a team approach to asset management can ward off financial predators
* Offers practical strategies and tools to combat client risk for Risk and Asset Management

Offering insightful information to protect your clients from all sorts of frauds and incompetence, this essential guide equips you with tips and techniques to spot the red flags of fraud and prevent it before it starts.

Introduction. Chapter One Meltdown. The Party's Over. We All Know The Result. Grim Statistics. Retirement Plans And The Irs. Summary. Chapter Two Everyone Needs a Family Office. Why A Family Office? Retaining A Firm. The Family Office Advantage. Summary. Chapter Three Protect Your (Retirement) Assets! The Fiduciary Duty. Documenting A Process. Plan Options/Simple Ira. You Can't Save Enough. Another Option The 412(E)(3). The Cash-Balance Plan. Summary. Chapter Four How Much Did You Lose Last Year? Basic Financial Strategies Quiz. Estate Forget to Tell Their Clients. Fiduciary Duty. Summary. Chapter Ten The Truth About Variable Annuities. Variable Annuity Components. Mortality And Expense Charges. Guarantees. Summary. Chapter Eleven What Life Insurance Agents Forget to Tell Their Clients. Questionable Aspirations. Coverage Needs. Estate Taxes. The Ilit. Summary. Chapter Twelve What You MUST Know About Life Settlements. Life Settlements. Industry Regulation And Compliance. Licensing And Reporting. Compensation. Compensation Abuse. Suitability. Best Execution And Due Diligence. Fraud Prevention. Stoli. Evaluation And Processing. Tax Treatment. Case Studies. Caveat Venditor. Summary. Chapter Thirteen What Health Insurance Agents Forget to Tell Their Clients. Out Of Control Costs. Small Business At Risk. The Risk Of On-Site Medical Clinics. Using An Hsa For Your Personal Retirement. Creating An Employee Retirement Vehicle. Irs Form 8889 (Hsa). More Effective Strategy. Aggregate Cap Planning. HRA. Managing General Underwriter. Summary. Chapter Fourteen College Funding Strategies and Solutions. The Traditional Approach. Good Intentions, Disastrous Consequences. Traditional Vehicles. Home Equity Loans. Stocks, Bonds, Mutual Funds. Life Insurance. Borrowing. Prepaid Tuition Plans. Coverdell Savings Account. 529 Plans. Real Life. Summary. Chapter Fifteen Two Alternative Investments for Financial Independence. The Tertiary Market. History. Risk. Reward. Another Alternative. O&G Advantages. Summary. Chapter Sixteen Avoiding Fraud: Small Business Case Study. Introduction. Suspicion. Investigation. Fraud. Dismissal & Prosecution. New Mechanisms. Summary. Appendix A Best Of The Best. Insurance Advisors. Investment Advisors. Law. Business Services. Epilogue. About the Contributors. Aaron Skloff, AIF, CFA, MBA. Mark Boehm, MBA, CWPPTM. Carl Allen, III. Index.