My elderly father uses a financial planner/wealth management firm.
Their returns are not spectacular and they charge fees but overall they are net positive on returns.
My sister and I were discussing if this was a great idea for him and she pointed out:
"Really, he needs someone he can call to send a check somewhere or send a digital payment and he just calls them and they make it happen."
Ideally, there would be a more generic service that would do this for the elderly. It would be the financial version of those "senior phones" that have big buttons and a "help" button that connects you to a person.
Their returns are not spectacular and they charge fees but overall they are net positive on returns.
My sister and I were discussing if this was a great idea for him and she pointed out:
"Really, he needs someone he can call to send a check somewhere or send a digital payment and he just calls them and they make it happen."
Ideally, there would be a more generic service that would do this for the elderly. It would be the financial version of those "senior phones" that have big buttons and a "help" button that connects you to a person.