Today on the podcast we're doing some myth busting. If you think you're bad at math or have been afraid to dive into divorce financial matters with your clients, then keep listening. We're going to give you the confidence to jump into the deep end.
Of course financial professionals provide a ton of value in divorce and they serve a necessary role. Nobody wants amateurs valuing a business or valuing a pension, doing forensic or fraud investigation, or providing tax advice. BUT, and it's a big but ... there is so much you CAN do with clients to help them make good decisions.
That's why we're offering the Financial Foundations from a CDFA 4-week course starting in January 2023. To give you the information, tools, and even spreadsheets you need to do this foundational work with clients.
So many clients show up with $$$ fears - are they going to have enough? This is an answerable question starting with the client's budget. First their divorce budget - how much do they want to spend on their divorce, how much do they have available, and what process and what decisions would they have to choose to stay within that amount? And next, their monthly budget. What are their cash flow needs. You can work to help them identify both of these. You can also help them document their assets and debts and begin to create proposals that address their needs.
And when an outside financial professional is needed, you'll work with your client to determine who they want to hire and the scope of work they want to have done.
There's no need to punt all the financial work to the pros when you've got a CDFA to show you how to do it!
You can learn more about DCA™ or find out about any of the classes or events mentioned in this episode at the links below:
Website: www.divorcecoachesacademy.com
Instagram: www.instagram.com/divorcecoachesacademy
LinkedIn: www.linkedin.com/company/divorce-coaches-academy
Email: DCA@divorcecoachesacademy.com