The program run by the Southfield

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The program run by the SouthfieldThe program run by the SouthfieldIn a mediated divorce, the bigger payoff #xusually comes if one of theConstruction Equipmentparties chooses to work with the adviser after the divorce.

That's how Charles Day, a Purchase, a New York-based adviser with Morgan Stanley Smith Barney, a joint venture between Morgan Stanley and Citigroup, has built his divorce practice.

He oversees $175 million in client assets, and over half of his practice is divorce-related. Nearly all of his divorce clients are women.

Clients are referred to him by their attorneys or therapists, and he does not usually charge a fee for his advice during the divorce. Day can advise a client for anywhere from six months to a year for free.

He says he almost always succeeds in becoming the client's primary adviser after the divorce and taking care of their portion of the assets from the settlement.

Garrick Zielinski, a Milwaukee-based adviser who founded advisory firm Divorce Financial Solutions, says that after years of working as a traditional financial adviser, he does not miss the stress of maintaining long-term relationships with clients. "When the divorce is over you are done. You get them to the next stage ofConstruction Equipmentlife and move on," he said. GETTING STARTED A good starting point is getting accredited as a Certified Divorce Financial Analyst. The program, run by the Southfield, Michigan-based IDFA, has four modules covering a range of issues, including divorce law, child support, pensions and tax planning. It costs around $1,网站优化,800.

The next step is to build a referral book. Zielinski recommends putting together a list of family law attorneys and creating a presentation explaining how a financial neutral can help a clients.

Other referral sources include therapists and even local religious leaders.

The other key tool is investing in specialized software, says Hyman. She and her partner, Steven Paskal, tried to tweak their regular financial planning software, but#x it could not cope with all the variables involved in a divorce, such as spousal and child supportConstruction Equipmentrules that vary by state.
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