Advisers should focus on long-term care, expert says

03/13/2013 | OnWallStreet.com

Too many financial advisers emphasize investment performance instead of asking about clients' overall goals for their money and protecting that vision with a plan for long-term care, says Don Froude of Ameriprise. Froude cites the example of his father, who accumulated money for retirement without any plan for protecting those assets when he needed long-term care. "Where was the advocate for my family when we needed him?" Froude says.

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