Dementia Diagnosis for a Family Member? Here Are Critical Financial Steps. #NewsUnitedStates

If you’re a financial advisor for long enough, it’s likely that one or more of your clients will reveal some scary news—that they or a family member has been diagnosed with dementia. Four percent of U.S. adults ages 65 and older have received a dementia diagnosis, according to the Centers for Disease Control and Prevention—that number rises to 13.1% for those ages 85 and older. In an industry where investment returns have become commoditized and financial advice standardized, how advisors respond in a moment of crisis can really set them apart. So for this week’s Barron’s Advisor Big Q, we asked advisors to share the…