Inclusion Criteria:  Age ≥ 75 years or older Referral to the Falls Unit Ability to ambulate independently with or without technical aids Barthel Index ≥ 60 Pre-frailty (1-2 criteria) or Frailty according to the Frailty Phenotype by Fried et al  Risk of falling according to following criteria:  Gait disorders captured through physical performance measures (Time Up and Go Test ≥ 20 s and/or Gait Speed ≥0,8 m/s ≥2 self-reported falls in the previous year ≥1 self-reported falls requiring medical assistance Relative/caregiver willingness to supervise the exercise/cognitive stimulation sessions Capability and willingness to provide informed consent  Exclusion Criteria:  Unwillingness to either complete the study requirements or to be randomized into the control or the intervention group Life expectancy ≤ 3 months Terminal illness No possibility of follow-up Institutionalization or awaiting institutionalization Major cognitive impairment DSM-V moderate or severe (CDR 2-3 /GDS 5-7) No ability to read and write Severe visual and hearing deficit  Any contraindications for physical exercise or testing procedures, including but not limited to:  myocardial infarction in the past 3 months unstable angina pectoris uncontrolled arrhythmia unstable cardiovascular disease or other unstable medical condition uncontrolled arterial hypertension recent pulmonary thromboembolism upper or lower extremity fracture in the past 3 months