Updated Friday, October 31, 2014 as of 7:27 AM ET

Client Divorce? Follow the Money

When Lili Vasileff’s high-priced divorce lawyer wasn’t able to answer the tax and financial planning questions she had about her impending split and suggested that she spend less time fretting about money and more time looking for a new spouse, she knew something was wrong. But when she realized every newly single woman she met had a similar experience, she decided to upend her career to do something about it.

Get access to this article and thousands more...

All On Wall Street articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, blog discussions, the iPad App, CE Exams, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our daily or weekly e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and growth strategies.

Already Registered?

Comments (1)
This divorce advisor gets it! There are entirely too many advisors who see this as a path to the assets post divorce. There is an ethical issue in using the Certified Divorce Financial Analyst designation as a route to wealth for the advisor. This specialty requires an intense effort to learning the little-known issues of financial implications of divorce. I see advisors who get absolutely no divorce continuing education and use the designation as a way to entice referrals from attorneys. It is a travesty! It's intensely detailed work that requires a passion for doing it right. I predict that in ten years this designation will be involved in a majority of dissolution cases. It is a liability saver for the attorneys involved.

CSG CFP ChFC CDFA Mediator
Iowa
Posted by Cindy G | Friday, June 20 2014 at 1:10PM ET
Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.

Already a subscriber? Log in here