MOSAIC FI
  • Home
  • How We Help
    • Investment Management
    • Financial Planning
    • Divorce Planning
    • Retirement Planning
    • Elder care planning
    • FAQ's
  • Our Team
  • My Mosaic
  • Resources
    • Reference Guide
    • Insights
    • Events
    • Newsletters
  • Jenifer's Blog
  • Contact
  • Think Differently

Carefull:  a Digital monitoring tool

9/13/2022

0 Comments

 
Picture
It gets more and more difficult to protect and monitor our important information.  If you are helping a senior it is even harder.  
Carefull is a new digital tool that helps consumers monitor their data and accounts as well as those of their loved ones. 
You may have noticed we spend a fair amount of our time focused on elder planning, care and other pertinent topics often encountered in this age group.  There are three important reasons we do so.
​
  1. Many of our clients have aging parents and encounter various iterations of needs and concerns when caring for their loved ones.  We want to provide useful information to make this responsibility easier and less stressful.
  2. We are all (fortunately!) aging.  Sooner or later, some of these topics will come home to roost for our own children, spouses or family.
  3. There is enormous scrutiny from the SEC and FINRA of financial advisors whose client base includes the elderly.  Simply because they are most at risk to be taken advantage of or mistreated by family members or others who have access to their financial lives.  Hence our effort to provide best in class advice and service.  Our July 2020 blog describes this.  Jenifer's blog - Mosaic Fi
Our dedicated Director of Compliance, Stacy Blum, discovered a new tool, called Carefull.  Carefull is a new digital service that provides a full set of tools that can help loved ones oversee the safety of financial accounts, passwords, and documents for their elderly parents.  It scans for fraud, mistakes, and scams.  In addition, it provides monitoring for identity theft and credit monitoring.  There is also a vault in which to store sensitive documents and passwords.
 
Carefull Features 
  • Using Carefull requires the setup of a profile including financial accounts that you would like to have monitored.  Once the information is complete, Carefull can be activated.
  • Carefull is a subscription service, pricing is available on their website.   They offer a 30-day free trial to use the service.
  • You can invite others to join your profile circle in a read only capacity.  For instance, if you have siblings and would like to include them to facilitate future conversations, you can add them to your circle at no cost.
  • Carefull’s AI learns typical financial behaviors to better predict when something unusual may occur.
  • Carefull provides an in-depth description of the security features it uses to protect data.  It is available for your review on their website.
  • Carefull also provides printed copies of information for those who prefer to read offline.
  • Carefull monitors all connected financial accounts for many issues that are common to older adults and brings the most urgent ones to your attention, including the following:
    • Changes in spending patterns
    • Late bills and payments
    • Duplicate transactions
    • Unusual transfers
    • Unusual bill amounts and new bills
    • Unknown or unusual merchants
    • Large or unfamiliar transactions
    • Unusual number of transactions
    • Insufficient funds
    • Recurring charitable and political donations
    • Gift card purchases
    • Changes in pharmacy spending
    • Transfers made through peer-to-peer payment apps
 
For additional information, please visit getcarefull.com
​
0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Archives

    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    February 2021
    January 2021
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    June 2019

    Categories

    All
    Career
    Charitable Planning
    College Planning
    Elder Planning
    ESG Investing
    Estate Planning
    Financial Planning
    Health Care Planning
    Inflation Q & A
    Insurance
    Investing
    Market Updates
    Professional Spotlight
    Retirement Planning
    Sustainable & Impact Investing
    Tax Advantaged Savings
    Taxes

    RSS Feed

  • Home
  • How We Help
    • Investment Management
    • Financial Planning
    • Divorce Planning
    • Retirement Planning
    • Elder care planning
    • FAQ's
  • Our Team
  • My Mosaic
  • Resources
    • Reference Guide
    • Insights
    • Events
    • Newsletters
  • Jenifer's Blog
  • Contact
  • Think Differently