Supporting Clients Through the Financial Challenges of Mental Health and Substance Use Disorder
Learn how to spot the financial signs of addiction and help clients navigate the costs.
Free, One-Hour Continuing Education Course Worth One CE Credit Hour.
What you get when you sign up
Three easy-to-follow modules
How to recognize that addiction is affecting your clients and tools for starting sensitive conversations.
A deeper understanding of the financial implications of mental health and addiction and resources to help cover the costs.
Downloadable tipsheets and resources to keep as reference guides.
One continuing education credit from NASAA, the Ohio Department of Insurance and Ohio CFP.
Course Curriculum
Substance use and mental health disorders create massive financial risk, both for the person experiencing the disorder and their family who may be financially supporting them. From missed work, healthcare costs, property and vehicle damage to the cost of treatment itself, it is easy to see how these costs can pile up and seriously harm a person’s financial future.
But it doesn’t have to be that way. Through this free, one-hour course, you will learn how to identify the financial signs of addiction and help clients navigate the costs while protecting their financial futures.
Module 1. Understanding the Prevalence of Substance Use Disorder & Its Effects
Summary
- The state of the addiction and mental health crisis
- The impact the mental health and addiction crisis can have on families
- How financial professionals can play a role in protecting clients
Speakers
Oyauma Garrison
President and CEO, Maryhaven; former insurance and financial professional
Tom Coderre
Principal Deputy Assistant Secretary, Substance Abuse and Mental Health Administration (SAMHSA)
Dr. David Streem
Medical Director of the Alcohol and Drug Recovery Center, Cleveland Clinic
Dr. Julie Teater
Addiction Medicine Physician, The Ohio State University Wexner Medical Center
Linda Gallagher
Vice President, Mental Health and Addiction Services, Hamilton County Mental Health and Recovery Services
Module 2. The Financial Consequences of Substance Use Disorder
Summary
- The financial impact of mental illness and addiction
- The impact substance use disorder has on businesses and the economy
- Funding sources for treatment
Speakers
Representative Pat Tiberi
President and CEO, Ohio Business Roundtable; former member U.S. House of Representative
Michael Lewis
Chief Behavioral Officer and Financial Advisor, Family Legacy Financial Solutions North Carolina
Oyauma Garrison
President and CEO, Maryhaven; former insurance and financial professional
Module 3. The Financial Professional’s Role in the Discovery and Planning Processes
Summary
- Recognizing the signs of mental illness and substance use disorder
- Navigating difficult conversations with clients
- Facilitating crisis planning and financial considerations
Speakers
Lori Eisel
President, Arcadia Financial Partners
Jim Rabenstine
Chief Compliance Officer, Nationwide Financial
Kristi Rodriquez
Senior Vice President, Retirement Institute, Nationwide Financial
LeeAnne Cornyn
Director, Ohio Department of Mental Health and Addiction Services
Tia Marcel Moretti
Chief Advisor & Deputy Director of the Office of Community & Family Resiliency, Ohio Department of Mental Health and Addiction Services
What People Are Saying
Lori Eisel
Financial Planner
“You have to have this conversation. You have to make your office a safe place to discuss this. We see people frequently who come to us as a last resort…We can be proactive in helping our clients not get into that situation.”
Cheryl Canzanella
Financial Solutions Specialist
“You may see the signs and may not think it’s your place to get involved. But from a financial standpoint, you could ultimately be helping direct someone to the most financially efficient way to access their money.”
Michael Lewis
Chief Behavioral Officer and Financial Advisor
“Addiction is expensive… the numbers just keep adding up and if you don’t pay attention to it, the next thing you know you’ve spent half a million dollars. It makes sense to have a partner and I argue that the best partner is not from the medical team but from your financial team.”
More About Recovery Within Reach
Recovery Within Reach is a program from the Ohio Department of Commerce’s Division of Securities aimed at combating the financial cost of addiction. Upon learning that more than a third of financial advisers nationally reported having clients impacted by addiction and that 1 in 4 Americans live with a mental illness or substance use disorder, the Department decided to take action. Recovery Within Reach was created to fill a critical need to educate financial professionals on the prevalence of addiction and the massive financial risk it poses.
Originally developed for the state of Ohio, the Recovery Within Reach continuing education course is now available nationwide and accredited by NASAA. This first-of-its-kind training is designed to educate financial advisers on mental illness and substance use disorder and help them connect their clients with critical information regarding treatment options and funding sources.
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NASAA does not endorse any particular provider of CE courses. The content of the course and any views expressed are our own and do not necessarily reflect the views of NASAA or any of its member jurisdictions.