The MarketPsych team created the MEMRI script, described in this AdvisorOne article by Savita Iyer and in its full version in this pdf to help advisors improve client service.
We hope this simple 5-point MEMRI checklist improves advisors' abilities to spot developing problems in aging clients.
To learn more about financial decision making and aging, see a new study by Greg Larkin, Brian Knutson and others at Stanford. The study sheds light on the neuroscience of cognitive impairment in financial decision making among the aged: http://psych.stanford.edu/~span/Publications/gs12jn.pdf
Richard L. Peterson, M.D.