Duration: 2 Hours

Option 1: Wednesday, January 27^th at 3:00pm ET

Option 2: Wednesday, February 17^th at 9:00am ET

This session includes lecture, guided case studies and interactive small and large group discussion.

Course Description

We live in an aging society which enjoys unprecedented longevity but is also vulnerable to cognitive decline and decisional impairment due to Alzheimer’s disease and related cognitive disorders of aging (AD).  In addition to challenges presented by their older clients with cognitive decline, financial service firms must contend with issues of cognitive decline and diminished vocational capacity (DVC) in their own aging workforce.  While DVC can occur at any age and for many reasons, cognitively based DVC primarily occurs with advancing age.  Like other professions, financial advisors (FAs) are now often working well past the traditional retirement age of 65 and into their 70s and 80s, placing them at increased risk for cognitive decline and related vocational impairment.   As a result, investment firms and other stakeholders need to be mindful of and responsive to issues of possible DVC in their senior FAs and executives.  Issues of DVC include impaired FA performance and behavior with clients and peers, unsuitable investment advice and products, and absent or ineffective succession planning.   Adverse consequences of DVC include negative client relations and loss of business, litigation and potential liability, regulatory inquiries and audits, and reputational loss.

This virtual course uses lecture, guided case studies, and interactive small and large group discussions to explore challenges of DVC in senior FAs -- as encountered by investment firms, HR offices and regulatory agencies, and legal counsel.  The course draws upon the presenter’s clinical knowledge of cognitive aging and cognitive disorders of aging (such as AD), and their impact on vocational capacity in older FAs and other professionals.   The course has a unique format by using realistic guided case studies of DVC in financial professionals as a platform for interactive small and large group discussion of stakeholder issues and responses.   Attendees will leave the course with new and specific knowledge of investment firm, HR/regulatory, and legal counsel perspectives on and responses to this growing financial industry issue.