Financial Advisors Lend Hand To Las Vegas Shooting Victims

Robbie Lawther

8 February 2018

Yesterday, fiduciary and fee-only advisors from around the country volunteered free financial advice to Las Vegas tragedy survivors and victims’ families.

The financial advisors were members of the Institute for the Fiduciary Standard, National Association of Personal Financial Advisors , CFA Institute, or the Garrett Planning Network.

The project, coordinated by the Institute for the Fiduciary Standard and the Investor Protection Clinic at the William S Boyd School of Law at the University of Nevada, Las Vegas, aims to help survivors and victims’ families manage their fund disbursement from the Las Vegas Victims Fund.

The Las Vegas Victims’ Fund is a Nevada non-profit corporation. It was created to oversee the consolidation and distribution of funds contributed in response to the shootings at the site of the Route 91 Harvest Music Festival in Las Vegas, Nevada, on October 1, 2017. Fund distribution is subject to an application process. Not all survivors will receive funds.

“Receiving a significant sum of money can present new challenges for survivors or families who lost loved ones, especially during such an emotionally distressing time. We encourage all recipients to take advantage of this access to un-conflicted, sound financial advice,” said Scott Nielson, chair of the Las Vegas Victims’ Fund. “Advisors will voluntarily provide fund recipients with up to four hours of free consultation time. These advisors are dedicated to assisting fund recipients during this difficult time.”

Other tragedies in recent American history have attracted funds and donations for survivors and victims’ families, such as the September 11 attacks, the Boston Marathon bombing, and the Orlando nightclub shooting.