The PFSI was formed to create a standardized education program for the duty of care required by individuals acting as fiduciaries.
Fiduciaries are anyone acting in a position of trust in a financial capacity for the wellbeing of another, such as acting as power of attorney, a trustee, as an executor or executrix, or in other similar capacity.
The purpose of educating people in these roles is both to protect them from litigation and also to protect senior citizens around the world from elder financial abuse. The time has come to stand up for those unable to stand up for themselves.
Source: World Health Organization
Sources: United Nations – Worldometers
Source: CICEA
Source: World Health Organization
Sources: World Health Organization – World Bank
U.S. Dept of Justice