What is a Certified Divorce Financial Analyst®?
A Certified Divorce Financial Analyst® professional specializes in guiding individuals through all financial issues related to a divorce. A CDFA® professional has education and training to analyze the financial aspects of divorce. These include division of property, support payments like alimony and child support, tax implications of all decisions, as well as any other financial considerations.
Specific benefits of utilizing a CDFA® professional may include:
- Financial Expertise – The CDFA® professional’s specialized background allows him/her to provide guidance on all financial matters related to divorce. That can include budgeting, property division, alimony, child support, tax implications of decisions, etc.
- Objectivity – The Certified Divorce Financial Analyst professional doesn’t tell the client what to do, but models out what each scenario would look like. This enables the client to have all the data needed to make informed choices and take the emotion out of the decision-making.
- Cost Savings – This is perhaps one of the greatest benefits. By modeling out a fair asset division, a CDFA® professional can help couples save on attorney fees by avoiding expensive back-and-forth negotiations.
- Efficient Resolution – In addition to cost savings, having a CDFA® professional in the mix can help move negotiations forward in a quicker manner by addressing financial issues head-on and providing attorneys with the necessary data to complete the case.
- Future Planning – After the divorce is settled, each party’s financial position and path forward are completely different than prior to the divorce. The CDFA® professional can guide the client forward and establish a new financial plan built on realistic goals.
A divorce attorney knows the ins and outs of the law, but isn’t expected to be educated on the financial implications of divorce. A Certified Divorce Financial Analyst® professional fills this role on the divorce “team.” Divorce isn’t pleasant, so make it as bearable as possible by putting together the right team to help guide you through it.
Have more questions? Contact Us
Missie Beach, CFP®, CDFA®
Senior Financial Advisor
Share This Story, Choose Your Platform!
Wiser Wealth Management, Inc (“Wiser Wealth”) is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC). As a registered investment adviser, Wiser Wealth and its employees are subject to various rules, filings, and requirements. You can visit the SEC’s website here to obtain further information on our firm or investment adviser’s registration.
Wiser Wealth’s website provides general information regarding our business along with access to additional investment related information, various financial calculators, and external / third party links. Material presented on this website is believed to be from reliable sources and is meant for informational purposes only. Wiser Wealth does not endorse or accept responsibility for the content of any third-party website and is not affiliated with any third-party website or social media page. Wiser Wealth does not expressly or implicitly adopt or endorse any of the expressions, opinions or content posted by third party websites or on social media pages. While Wiser Wealth uses reasonable efforts to obtain information from sources it believes to be reliable, we make no representation that the information or opinions contained in our publications are accurate, reliable, or complete.
To the extent that you utilize any financial calculators or links in our website, you acknowledge and understand that the information provided to you should not be construed as personal investment advice from Wiser Wealth or any of its investment professionals. Advice provided by Wiser Wealth is given only within the context of our contractual agreement with the client. Wiser Wealth does not offer legal, accounting or tax advice. Consult your own attorney, accountant, and other professionals for these services.
