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5 Tips for Choosing the Right Financial Advisor to Help With Your Divorce


Choosing a financial advisor to assist while you are divorcing is a major life decision that can determine your financial future for years to come.

As a divorce attorney and mediator, I have a team of experts to assist my clients with various aspects of the divorce process.

The financial component of divorce settlement options often requires a financial expert especially for high net worth individuals. Divorce can sometimes create a financial crisis. Having a financial advisor in your corner can be a very valuable part of your divorce team.

Unfortunately some couples think of seekiing financial guidance after their divorce, once things have already spun out of control. It’s an easy mistake to make.

I often suggest adding the financial advisor to the negotiations so the couple has a full financial understanding when dividing their assets.

A financial advisor can provide expertise when calculating or quantifying a couple’s or families long-term needs, from retirement to college savings, to asset allocation to trusts. It also provides information about tax issues.

Many times I help clients select from my team of financial experts. For those who don’t, I provide the following advice.

1.) Don’t Hire the First Advisor You Meet

Don’t go to the Yellow Pages or hire someone just because they live in your neighborhood. Interview a few advisors before you choose one. Referrals are always preferable.

2.) Make Sure You Choose a Financial Advisor with Your Future Needs In Mind

Some financial advisors have a unique expertise with divorce. Look for an advisor with knowledge of the nuances of divorce and research their strengths and weaknesses before signing on the dotted line.

3.) Don't Pick an Advisor with an Incompatible Strategy

Each advisor has a unique strategy. Some advisors may suggest aggressive investments, while others are more conservative. If you prefer to go all in on stocks, an advisor that prefers bonds and index funds is not a great match for your style.

4.) Always Ask about Credentials and Investment Philosophy

To give investment advice, financial advisors are required to pass a test. Ask your advisor about their licenses, tests, and credentials. Financial advisors tests include the Series 7 and Series 66 or Series 65. Some advisors go a step further and become a Certified Financial Planner, or CFP. I can help you with this discussion.

5.) Understand How They are Paid

Some advisors are "fee only" and charge you a flat rate no matter what. Others charge a percentage of your assets under management. Some advisors are paid commissions. If the advisor earns more by ignoring your best interests, do not hire him/her.

For over 35 years as a divorce attorney and mediator, I have been guiding spouses successfully to find the right path to divorce. If you need help with your divorce, I would be happy to show you all your options! Call me today!

Our FREE 1 HOUR CONSULTATIONS are very informative and conveniently conducted virtually to reduce risk!

I look forward to speaking with you.

Continue to Stay Healthy & Safe!

Warm regards,


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