Lincoln Educational Services Advocates for Financial Protection of Older Investors
- Lincoln Investment prioritizes protecting older investors from financial exploitation, emphasizing education and proactive measures for awareness.
- The firm recommends designating a trusted contact person on investment accounts to enhance security against fraud.
- With over 56 years of experience, Lincoln Investment is dedicated to promoting financial well-being for seniors and vulnerable adults.
Enhancing Financial Safeguards for Older Investors
Lincoln Investment recognizes the critical need for safeguarding older investors against financial exploitation, particularly on World Elder Abuse Awareness Day, which shines a light on the vulnerability of seniors to various forms of abuse and neglect. As financial exploitation reportedly costs victims billions annually, the firm emphasizes education and proactive measures to protect this demographic. Nancy Heffner, Vice President and Deputy Chief Compliance Officer at Lincoln Investment, articulates the importance of empowering clients with knowledge about common scams, enabling them to recognize potential threats to their financial security.
To combat financial exploitation, Lincoln Investment advocates for the designation of a trusted contact person (TCP) on investment accounts. This strategy not only provides an additional layer of security but also facilitates the identification and addressing of any fraudulent activities that may arise. The company develops a range of resources, including training materials, videos, and flyers, aimed at equipping financial professionals with the tools necessary to discuss the benefits of appointing a TCP with their clients. By fostering awareness and engagement, Lincoln Investment works to create a more informed client base that can better navigate the complexities of financial threats.
Lincoln Investment's commitment to protecting older investors aligns with its broader mission to promote financial well-being among seniors and vulnerable adults. With over 56 years of industry experience and a network of approximately 1,000 financial professionals serving around 317,000 clients, the firm is well-positioned to make a significant impact. The dedication to training associates in identifying and reporting instances of financial exploitation further enhances Lincoln Investment's reputation as a trusted ally in safeguarding the financial futures of its clients.
In addition to its focus on elder financial protection, Lincoln Investment continues to be recognized for its workplace culture, having been named one of the Top Workplaces in the Delaware Valley for the 15th consecutive year in 2024. This distinction reflects the company’s commitment to fostering a positive environment for its employees while simultaneously addressing the needs of its clients. Lincoln Investment remains dedicated to providing valuable resources and support to financial professionals, ensuring that they are well-equipped to handle the challenges faced by older investors in today’s financial landscape.