October is “Cybersecurity Awareness Month” and a great time to revisit important safety reminders to protect yourself against common fraud and cyber-attack attempts, especially around finances.
“Imposter scams” are quite prevalent, so we are focusing this post on how to identify and protect against them.
An imposter scam is where a fraudster impersonates a trusted individual, business, or organization in order to convince their target to transfer money and/or provide personal information to them. These scams have been on the rise in recent years and are currently the most commonly reported fraud according to the Federal Trade Commission.
Because these scams can include fraudsters impersonating individuals from trusted organizations like Charles Schwab, Fidelity, and other financial or banking institutions (even our own advisory firm) we wanted to share more information about how these scams occur, and the steps that you can take to protect yourself and your financial information.
Imposter scams can begin a multitude of ways, with fraudsters using some of the following common strategies:
To protect your accounts and your personal information it is important to look out for red flags and take the following steps.
You can find more steps to take to protect yourself against cybersecurity risks as well as actions our team takes to protect our clients’ financial information in our blog post published last Fall.
Please reach out to your Advisor and/or our Client Service team if you suspect that you have been involved in a fraud attempt or if you have any questions. We are here to help you keep your financial and personal information as safe as possible.
Charitable Gifting Strategies for Giving Tuesday
Giving Tuesday shines a light on philanthropic efforts and serves as a reminder to give to the causes and organizations that mean the most to you. We aim to help our clients define their charitable goals and build a plan that maximizes the impact of their giving, while optimizing their tax situation. In this post, we highlight strategies to help guide your giving this holiday season and throughout the coming year.
Insight Newsletter—Fall 2023
Our Insight Newsletter is now available. Included in this edition: Investment Commentary Reaction to the Conflict in Israel and the Middle East Cybersecurity
It’s Beginning To Look A Lot Like Yearend Tax Planning Season
With just a few months left in the 2023 tax year, we wanted to highlight some timeless tax planning techniques. In this post we share some of the strategies that Litman Gregory Wealth Management considers as we help our clients optimize the tax-efficiency of their overall planning as well as our portfolio management on their behalf throughout the tax year.