Fiduciary, fee-only advisers from around the country have joined forces to provide financial advice to the survivors of the Las Vegas tragedy and the victims' families.
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 the funds they receive from the Las Vegas Victims' Fund.
Members of the Institute, the National Association of Personal Financial Advisors, the CFA Institute and the Garrett Planning Network are participating.
The Las Vegas Victims' Fund is a Nevada nonprofit corporation 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 on Oct. 1. Fund distribution is subject to an application process, the adviser group said in a release, and not all survivors will receive funds.
A website, www.lvsurvivors.org, serves to connect survivors and victim families who received funds with a financial adviser.