IDFA Online Learning
Catalog Advanced Search
Coaching Clients Through Life’s Unknowns
As our clients face “the largest financial transaction in their lifetime,” how do we instill trust, confidence, and safety? Our role is not just as an analyst but as an anchor to keep our clients grounded and to give them the true analytical numbers of their worlds. One hundred percent of the time we have to acknowledge the emotional side that our clients feel and yet provide them with a complete analytical breakdown and assessment of their situation in such a way that we are empathetic to what they are going through.
Connecting Meaningfully with Clients in the Digital Age
The digital age has gifted you and your clients with an endless deluge of information technologies. Many professional services providers wrestle with these issues. They also struggle to overcome an understandable distaste, uncertainty, or fear of the marketing process. But instead of the obnoxious clang that “marketing” may have for you, the word should ping. Through this article, I hope to dispel any negative associations you may have, and turn you into a loud and proud CDFA professional, online and offline.
Disruption to the Divorce System
With 41 percent of marriages ending in divorce, it has very much become a socially acceptable norm. While divorces are commonplace, the way in which divorces are handled by the system is fundamentally outdated and poised for massive disruption. The outdated, complex, and all-consuming legal process is causing massive havoc financially and emotionally to the well-being of families.
The Right Investment Advisor
For many divorcing clients, once the settlement comes in they are faced with an entirely new set of concerns. They have been waiting to get to this stage, assuming life will be easier once the finances have been settled, but then they realize they still have some huge financial decisions to make and some investment decisions too. In many instances, these recently divorced clients have never dealt with the family finances before and it can be overwhelming—an industry full of unfamiliar terms and concepts. In our experience, the multi-disciplinary “team” approach, where various professionals communicate with one another and work together to help clients through the divorce process and out the other side, is the most effective and ensures that the client receives the best service.
Post-Divorce Checklist: Are You Really Done?Recorded On: 07/18/2017
Based on a survey of family law attorneys, this webinar will include a checklist of areas financial professionals should be reviewing to ensure that everything documented in the divorce process will be carried out. This list will encompass: division and retitling of assets; estate planning; financing for new residence; and post-divorce budgeting.
Banking Pitfalls: Case Studies that Determine Better Outcomes for Separating and Divorcing CouplesRecorded On: 07/11/2017
During this engaging webinar brought to you by IDFA and John Panagakos, we will compare and discuss case studies and determine various outcomes based on whether client(s) selected one mortgage over the other.
CDFA Case Studies: You Can Lead a Horse to Water
In this article we review the case study of Wren and Donald who have been married for 12 years and have two children. Wren is currently looking for a full-time job and anticipates that she will make approximately $50,000 per year starting out. Donald is an executive and has a base salary of $225,000 plus bonus potential as well as stock options. The couple has cash and investments of approximately $450,000. This includes a $100,000 signing bonus/forgivable loan. They have retirement assets of approximately $200,000. The marital home has approximately $600,000 in equity and a mortgage balance of $350,000. The couple has approximately $20,000 in debt.
Common Mistakes Dividing Defined Contribution Plans in Divorce
Although retirement assets are often the most substantial part of a marital estate, there is a surprising lack of knowledge about how to divide such assets among divorcing parties and their lawyers, as well as financial analysts and planners. This is one area of divorce practice where it is especially easy to make mistakes—and those errors often cannot be fixed once they are discovered.
The Sale-Leaseback with the Right of Repurchase: An Effective Tool
In divorce, there are usually too many financial needs that are still present when the money runs out. No one has come up with a solution, and everyone thinks that there is no solution unless there is a significant lifestyle change, which neither party is willing to accept. As divorce professionals, we spend significant time at the drawing board without giving up hope prior to meeting with our clients pointing out that we recognize that they have explored their options. Then we give them one more potential solution for them to evaluate.
Understanding Divorce-Related Mortgage IssuesRecorded On: 06/20/2017
Join Douglas Katz for a webinar that will cover the basics of identifying and managing the real estate components of a separation and divorce. The major topics range from titling to structuring maintenance to credit scores. Be ready to provide your clients guidance on what could be the largest investment of their life.