What to Do When You Suspect Financial Abuse

When control shapes financial decisions, listening becomes the most important tool we have.

In Part 2, I spoke with Joy Slabaugh, CFP, about how advisors and advocates can thoughtfully respond when they suspect a power imbalance is shaping financial decisions.

🔹 Financial abuse is controlling someone’s ability to acquire, use, or maintain economic resources.
 🔹 Advisors should be curious and let clients describe their experience in their own words.
 🔹 Focus on agency and access rather than labeling abuse directly.
 🔹 Never explore sensitive concerns in front of a potentially controlling partner.
 🔹 Separate meetings can safely surface power imbalances.
 🔹 Move at the client’s timing and give options rather than directives.
 🔹 Familiarize yourself with local resources so you can anchor support when needed. 

Tony’s Take: When we listen first and protect agency, we create a safe space where clients can find clarity and options on their own timing.

Connect withJoy Slabaugh, CFP®:

Website: https://joyslabaugh.com

LinkedIn: https://www.linkedin.com/in/joyslabaugh/

Bio: 

Joy Slabaugh is a Certified Financial Planner™ professional, licensed therapist, and educator specializing in the psychological and relational dynamics of wealth. With advanced degrees in taxation and mental health counseling, she bridges the gap between financial strategy and human connection, helping high-net-worth individuals, couples, and financial advisors navigate the complexities of wealth with greater clarity, purpose, and impact.

Joy’s expertise spans wealth management, behavioral finance, and advisor training, equipping financial professionals with the relational skills needed to build trust and deepen client relationships. She also works directly with ultra-high-net-worth individuals, guiding them through the emotional and identity challenges that often accompany significant wealth.

A sought-after speaker, consultant, and industry thought leader, Joy has worked with top financial firms and private clients, reshaping the way people think about money beyond numbers. Her work challenges the traditional wealth narrative, offering a more human, values-driven approach to financial decision-making. Whether through keynote talks, advisor coaching, or client consulting, Joy empowers people to align wealth with impact, ensuring their financial success creates lasting fulfillment and meaningful change.

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