hard · Certified Financial Planner Professional Conduct
A certificant at the Fournier firm is reviewing the account of Mr. Strauss, age 85. The planner notices several large, unusual withdrawals made to a third party the client recently introduced as a 'caretaker.' The caretaker now insists on attending all meetings and answering for Mr. Strauss. Under the Conduct Decision Matrix
What is the required response?
- Diagnose the client with cognitive decline in the meeting notes
- Immediately freeze the account and notify the local police
- Meet with Mr. Strauss alone and document observations factually
- Discuss the withdrawals with the caretaker to understand the need
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