Financial abuse often traps clients; advisors can help.

Financial abuse is a significant issue that affects individuals of all wealth levels, including the ultrarich. This form of abuse involves controlling someone's access to money and financial resources, making it difficult for them to leave abusive relationships. Financial advisors have a unique opportunity to help individuals facing abuse and guide couples away from financially disempowering situations. It is important for advisors to understand common misconceptions about abuse, be alert to signs of abuse, and help clients prepare for financial safety and independence. [Extracted from the article]

Copyright of Financial Planning is the property of Arizent and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)