A trusted advisor just might be the best protection against financial elder abuse.
That's a surprising finding, considering 1 in 13 financial advisors has been disciplined for misconduct, according to a recent study. Ingrid Evans, an attorney at the Evans Law Firm in San Francisco, cited that statistic during her presentation Tuesday at the Schwab Impact conference in San Diego.
"Those are people who have been disciplined," she said. "I assume the numbers are higher for actual misconduct."