Home Breadcrumb caret Tax Breadcrumb caret Estate Planning Breadcrumb caret Industry Breadcrumb caret Industry News Breadcrumb caret Insurance Breadcrumb caret Life Don’t underestimate senior clients Retired clients are considered risk-averse, but there are always exceptions. May 23, 2013 | Last updated on May 23, 2013 1 min read Most retired clients are considered risk-averse since they need to protect their wealth and health. And these days, regulators are pushing advisors to ere on the side of caution when serving older investors. Read: Your clients aren’t old, but tell that to regulators However, 80-year-old Yuichiro Miura has proved there are exceptions to every rule. Just yesterday, this senior adventurer climbed Mount Everest and managed to reach its summit—he’s now the oldest person to ever accomplish the task, reports The Wall Street Journal. Previously, a 76-year-old Tibetan man held the record. So what has Miura taught us? Today’s older population will do much more than live longer than previous generations. They may also chase goals and returns more aggressively even during retirement. As such, make sure to ask these clients about their lifestyles, insurance needs and wealth management expectations early on. You have to offer the services they want, but also need to protect yourself against potential regulatory risks. Read: Clients must disclose risky hobbies Help your senior get insurance Risk aversion creates retirement risks Help aging clients find work, protect wealth Plan your succession before your next vacation Cool the appetites of risk-hungry clients Save Stroke 1 Print Group 8 Share LI logo