Financial Advisor Roles in Divorce
Consulting with a financial advisor during divorce is a novel idea to many women. This occurs despite the fact that many women are concerned about finances and may even have goals for future financial stability.
According to Forbes, a new study revealed that more than 95% of women going through divorce don’t use financial advisors.
Why not? The primary reason is a lack of knowledge. A very small percentage of women (5%) know they could include a financial advisor on their divorce team. Yet, there is even certification and a title for such advisors called a Certified Divorce Financial Analyst (CDFA). In many families, husbands paid the bills, invested earnings and in general took care of the finances. Since wives didn’t assume much of the financial role, they were unaware of many financial details and options. Read More
What Types of Financial Goals Do Divorced Women Have?
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