In the News

Retired Americans Should be on Guard Against Abuse From Financial Advisers

Friday, March 28, 1997
by Mary Romano

Ask if the advisor has done course work or continuing education in gerontology or financial planning for the retired. Check credentials. A law degree, a masters in business administration or a certified public account designations useful, says Marc J. Lane, a tax attorney whoseMarc J. Lane Elder Law Center is a financial - planning and law firm in Chicago that caters to elderly investors.

"I would be leery of planners who are camouflaged stockbrokers or insurance agents," Mr. Lane says. "In reality, they are in it the sale of financial products rather than addressing the needs of a client."

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