No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Monday, October 27, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Financial Planning

Online course to support clients with addiction

by TheAdviserMagazine
4 months ago
in Financial Planning
Reading Time: 3 mins read
A A
Online course to support clients with addiction
Share on FacebookShare on TwitterShare on LInkedIn



A trailblazing online course to train financial advisors on how to assist clients with addiction and mental health issues is now available nationwide. 

The Recovery Within Reach program consists of three educational modules that raise awareness about substance use disorder, its financial impact and financial advisors’ role in guiding clients throughout recovery. It was first launched in 2023 at the state level by the Ohio Department of Commerce’s Division of Securities following years of high rates of opioid overdose deaths. 

READ MORE: Why Ohio is turning to financial advisors to help fight the opioid crisis

At the time, nearly 13 Ohioans were dying each day from unintentional drug overdoses, 84% of which were caused by opioids. 

“We had a state problem of financial advisors having clients who were experiencing financial difficulty because of either addiction or having a family member with addiction,” Andrea Seidt, the Ohio Securities Commissioner, said. “So we wanted to give them resources and train financial advisors to be able to help those families in need.”

Recovery Within Reach has trained around 2,500 advisors nationwide so far, Seidt said. The free program is accredited by the North American Securities Administrators Association; advisors who complete the course may earn an hour of continuing education credit.  

Substance abuse can be costly and all too common. When the state-level training program first launched, the median annual cost of opioid addiction was around $35,000 per client, a 2023 Ohio Department of Commerce survey found. And a 2017 survey of more than 400 advisors by Investment News found that 36% reported working with clients, or their families, with drug addictions. 

READ MORE: Marijuana, cocaine, opioids: How to broach drug use with clients

Though on the decline, drug overdose remains a primary cause of death for Americans aged 18 to 44. Nearly 77,677 Americans died from drug overdose between February 2024 and January 2025, according to the Centers for Disease Control and Prevention.

Even though financial advisors might not currently serve clients struggling with addiction issues, completing the educational modules can prepare them, should the situation arise.

How to identify clients who are in need

Michael Lewis, the chief behavioral officer and senior financial advisor at Cary, North Carolina-based Family Legacy Financial Solutions, said his family struggled to find the right medical assistance and cost effective strategy when his then 14-year-old son was suffering from addiction issues.

Lewis, who is also featured in the program’s second training segment, said the Recovery Within Reach modules could help advisors understand that they may find themselves at the front line of assisting clients in the early stages of addiction, guiding them to the appropriate assistance and financial management strategies throughout recovery.

Financial advisors should immediately inquire about unusual signs of financial activities that might indicate addiction, such as unexplained withdrawals and shifts in investment objectives, Lewis said. He added that while it’s understandable that clients might provide an alternative explanation of their activity, advisors should carefully assess whether those explanations are reasonable. 

“Don’t be judgmental. You need to be empathetic and understand who you’re talking to and be sensitive to the fact that they may be angry and defensive,” Lewis said. “Don’t launch into an attack, just be cognizant of your own tone.”

READ MORE: How advisors can help clients with opioid use disorder

Completing the modules could also help advisors increase awareness of other types of addiction, such as alcoholism and gambling. Oyauma Garrison, the CEO of Maryhaven, a nonprofit center that provides substance abuse treatment and other services, said that when advisors meet with clients, they should look for possible signs of substance use disorder, such as injection marks, distress, reddish eyes, significant weight loss and unusual smell. 

“It’s highly important for advisors to be alert, to be aware and then to be able to offer resources to their clients,” said Garrison, a former financial professional who is featured in two of the modules. “It’s not to be accusatory in any matter, but it is to be a good advocate.”

While it’s too early to assess the impact, Recovery Within Reach has set a goal of training 5,000 advisors — around the same number of lives Ohio lost to unintentional drug overdose in 2023 — to combat the stigma around addiction, Seidt said. 

“If we can create an ally in the financial advisory community for every person we lost, then you [can] imagine the good that that will do and how many client families might be saved,” she said.



Source link

Tags: AddictionClientsOnlineSupport
ShareTweetShare
Previous Post

New Kid on the Block: Meet Brighter Signals, Amsterdam’s Antler-backed startup giving machines human-like abilities to touch

Next Post

Micron Q3 2025 Earnings Call: Listen Live and Follow Along with the Real-Time Transcript

Related Posts

edit post
Workers are shouldering more pension risk than ever

Workers are shouldering more pension risk than ever

by TheAdviserMagazine
October 27, 2025
0

Traditional defined benefit pensions — once the cornerstone of retirement security — have largely vanished from the workplace as employers...

edit post
New Karta Card Targets International Applicants With U.S. Assets

New Karta Card Targets International Applicants With U.S. Assets

by TheAdviserMagazine
October 27, 2025
0

A new premium travel card has launched, but this one has several unique twists.The Karta card is aimed at international...

edit post
UFB Direct Review – Online Banking With High Yields

UFB Direct Review – Online Banking With High Yields

by TheAdviserMagazine
October 27, 2025
0

UFB Direct is a subsidiary of Axos Bank, a diversified financial services firm that administers deposit accounts and credit products...

edit post
New Balance Kid’s Shoes only  each shipped!

New Balance Kid’s Shoes only $30 each shipped!

by TheAdviserMagazine
October 27, 2025
0

Score great deals on New Balance Kid’s Shoes! Joe’s New Balance Outlet is offering select Kid’s Shoes for only $30...

edit post
The 17 Best Financial Advisor Conferences To Attend In 2026

The 17 Best Financial Advisor Conferences To Attend In 2026

by TheAdviserMagazine
October 27, 2025
0

The rise of the internet fundamentally changed how financial advisors learn and advance their craft. Short of waiting for an...

edit post
*HOT* Bose SoundLink Flex Bluetooth Speaker only .99 shipped (Reg. 9)! {Today Only}

*HOT* Bose SoundLink Flex Bluetooth Speaker only $89.99 shipped (Reg. $149)! {Today Only}

by TheAdviserMagazine
October 26, 2025
0

Score a hot deal on this Bose SoundLink Flex Bluetooth Speaker! Today only, HSN has this Bose SoundLink Flex Waterproof...

Next Post
edit post
Micron Q3 2025 Earnings Call: Listen Live and Follow Along with the Real-Time Transcript

Micron Q3 2025 Earnings Call: Listen Live and Follow Along with the Real-Time Transcript

edit post
Ask Again Later? No Thanks — The Future Of Customer Success Is Now

Ask Again Later? No Thanks — The Future Of Customer Success Is Now

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Why Financial Advisors Struggle to Embrace Bitcoin’s Rise

Why Financial Advisors Struggle to Embrace Bitcoin’s Rise

0
edit post
New Rothbard Letters Show He Rejected both Drug Abuse and the Drug War

New Rothbard Letters Show He Rejected both Drug Abuse and the Drug War

0
edit post
Competitive rates and military-focused banking

Competitive rates and military-focused banking

0
edit post
Analyst slams S&P’s Strategy Bitcoin Treasury Rating

Analyst slams S&P’s Strategy Bitcoin Treasury Rating

0
edit post
9 Amazon Products So Weird You’ll Wonder Who Actually Buys Them

9 Amazon Products So Weird You’ll Wonder Who Actually Buys Them

0
edit post
Earnings Summary: HCA Healthcare Q3 adj. profit jumps on strong revenue growth

Earnings Summary: HCA Healthcare Q3 adj. profit jumps on strong revenue growth

0
edit post
Competitive rates and military-focused banking

Competitive rates and military-focused banking

October 27, 2025
edit post
Workers are shouldering more pension risk than ever

Workers are shouldering more pension risk than ever

October 27, 2025
edit post
AI drives huge productivity gains for big companies, small ones left behind

AI drives huge productivity gains for big companies, small ones left behind

October 27, 2025
edit post
Virginia Attorney General Gets Green Light To Sue TikTok

Virginia Attorney General Gets Green Light To Sue TikTok

October 27, 2025
edit post
Landmark ruling in India treats XRP as property, not speculation

Landmark ruling in India treats XRP as property, not speculation

October 27, 2025
edit post
Analyst slams S&P’s Strategy Bitcoin Treasury Rating

Analyst slams S&P’s Strategy Bitcoin Treasury Rating

October 27, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Competitive rates and military-focused banking
  • Workers are shouldering more pension risk than ever
  • AI drives huge productivity gains for big companies, small ones left behind
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.