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A longtime resident of the southern Los Angeles area, Kristin Hetzer lives in San Pedro and serves as principal of Royal Palms Capital in the adjacent community of Rolling Hills East. This position places her in charge of managing investment portfolios for a range of individual and corporate clients. Kristin Hetzer has specific expertise in the management of corporate pensions and retirement plans under the standards of the Employee Retirement Income Security Act. Before joining the Royal Palms Capital team in 2005, Kristin Hetzer served four years with UBS Financial Services in Long Beach and two years with the investment firm of Kidder Peabody & Company in Los Angeles. She got her start in the financial services industry as an account executive with Pierce Fenner & Smith, a Merrill Lynch-affiliated office in Long Beach. Ms. Hetzer has been a member of the Investment Management Consultants Association since 2000, and a member of the International Board of Standards and Practices for Certified Financial Planners since 1989.

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What Constitutes Undue Influence in Financial Elder Abuse?

A certified financial planner with extensive experience in investment management and estate planning, Kristin Hetzer serves as the principal of Royal Palms Capital, LLC. Kristin Hetzer has authored a new book, titled Valle Egypt, which helps readers understand the serious consequences of financial elder abuse.

California has expressly-communicated statutes on elder abuse. One critical area in this subject is undue influence. By definition, undue influence must have taken place when an elder is controlled by a person who may be a family member because the elder is vulnerable due to cognitive or health decline and needs assistance from the person to meet crucial needs in health or finance. The person (the perpetrator or wrongdoer) uses this influence to exercise authority in wrongful ways and control the senior (victim) against their intention.

In undue influence, a perpetrator takes actions that force control over a senior, and the result of those actions is inequitable. For example, a family member may be delegated the duty of managing a senior's financial accounts and income sources under the mandate of fiduciary duty. If that individual uses this influence to alter the senior's estate plan surreptitiously (without informing other family members), they might have exercised undue influence and abused the senior financially. Also, if an individual is micromanaging every aspect of the elder's finances in such a way that the senior has to please them to get money for crucial needs, the individual may have exercised undue influence on the elder.

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A Summary of Kristin Hetzer’s Book -"Valle Egypt"

Kristin Hetzer has been working at Royal Palms Capital LLC as a principal and senior portfolio manager since 2005. A Certified Investment Management Analyst (CIMA), Kristin Hetzer is also an author who recently released a book titled, "Valle Egypt" Valle Egypt is a book about financial elder abuse. The intriguing read uses a personal story to narrate how a family member conspired with an unethical lawyer to confiscate assets over a period of many years which included a sixty-year family farm legacy. The story explains manipulative behavior of two siblings to change their parent's estate plan and change what had been planned many years prior to the death of the last living parent. After reading the book, readers will have a better understanding of the legal issues related to financial elder abuse, particularly as it relates to aging parents and those who may have undue influence over the elderly person. The story explains legal terms such as; mental capacity, undo influence and fiduciary duty owed to the Trustor and beneficiaries by the Trustees or legal representatives of the trust or will of the owner. Readers will also learn ways to protect themselves or their elderly loved ones from financial exploitation. Valle Egypt is available at bookstores and online stores such as Amazon and Barnes and Noble.

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Membership in American Association of Professional Technical Analysts

As principal of Royal Palms Capital in the San Pedro suburb of Rolling Hills East, California, Kristin Hetzer manages a range of individual investment portfolios and corporate pension plans. To inform her professional activities, Kristin Hetzer holds membership in multiple industry organizations including the American Association of Professional Technical Analysts (AAPTA). Supporting a global membership base of financial technical analysts, the AAPTA promotes exemplary standards of industry professionalism by facilitating the free exchange of information and ideas regarding analytical research and practices. New members get instant access to the full AAPTA directory as well as the organization’s yearly events and online gallery. Members can also add to various technical analysis discussions themselves by posting online. To become an AAPTA member, applicants must have at least seven years of professional analytical or investment-management experience and garner the sponsorship of three current AAPTA members. During a standard 30-day review period, the AAPTA board of directors assesses each candidate’s professional and ethical performance before ultimately approving or denying the application.