IDFA Online Learning
Day 4, October 8th - All Times EST
Workshop – Effectively Drafting QDROs and Like Orders to Divide Retirement Plans in Divorce 9:00 a.m. - 12:00 p.m.
Workshop – Effectively Drafting QDROs and Like Orders to Divide Retirement Plans in DivorceView Session
This workshop focuses on effectively drafting QDROs for both defined benefit pension plans and defined contribution plans (401ks), as well as how to prepare Court Orders Acceptable for Processing (COAPs) for federal employees and the military. Discussions center around how to calculate and determine what is considered marital among the various states, Issues related to DROP and BacDROP, survivor benefits, using QDROs for child support, and effectively dealing with plans that cannot be divided as marital property. Sample language will be provided along with a basic understanding of QDROs and the importance of settlement agreement language.
Breakout Sessions - Track C
5 ‘Ps’ of a Successful Divorce Practice 12:00 p.m. - 1:00 p.m.
5 ‘Ps’ of a Successful Divorce PracticeView Session
Business expert Faisal Karmali shares tips about the five key areas you need to address to make your divorce practice successful, from positioning your service in the marketplace to managing your workflow and employees and getting paid.
Faisal Karmali CIM®, CFP®, CDFA, FCSI®
Team Work Makes the Dream Work: Mediators and Financial Professionals Collaborating When Families Come Apart. 1:15 p.m. - 2:15 p.m.
Team Work Makes the Dream Work: Mediators and Financial Professionals Collaborating When Families Come Apart.View Session
Learn how the CDFA/IDFA professional works with the family mediator and the family to compile financial data and work jointly with the clients to create a financial settlement proposal that best meets the needs of the family
Mary-Anne Popescu, AccFM, AccEM
A Roadmap for Tackling Mountains of Financial Disclosure 2:30 p.m. - 3:30 p.m.
A Roadmap for Tackling Mountains of Financial DisclosureView Session
A financially complex divorce is typically accompanied by mountains of financial disclosure. As financial advisors in divorce, it falls to us to digest, analyze, summarize, and explain this information for our clients and the other professionals on the team. Even for us “numbers-people”, the volume of information can be daunting. In this session, I will provide a roadmap for tackling the large volume of information in a practical, efficient manner to benefit you and your clients.
Kelly LaVallie, CPA, CA, CDFA®
Breakout Sessions - Track D
How Client Facing Technology Can Empower Your Clients and Your Practice 12:00 p.m. - 1:00 p.m.
How Client Facing Technology Can Empower Your Clients and Your PracticeView Session
There is little dispute that one of the highest pain points for CDFAs, if not the single highest, is the cumbersome process of gathering the data in a complete and organized manner that allows you to focus on solutions. Working with clients at various levels of financial acumen and a wide range of emotional challenges, combined with fractured technology solutions, can make it challenging to build an efficient and fulfilling practice. Learn new strategies and how emerging technology solutions that empower and inform clients will better equip them to participate. Better equipped clients make it easier to have greater success guiding them, and a better experience will strengthen the relationship and attract more referrals.
Second Chances and Suspended Disbelief: Behavioral Process and Technique for Facing Challenges 1:15 p.m. - 2:15 p.m.
Second Chances and Suspended Disbelief: Behavioral Process and Technique for Facing ChallengesView Session
We know we will face emotional challenges arising from market dislocations, life circumstances, and our own ingrained thought patterns. These may conspire to make the easy choice that is not always the best choice, but it does not need to be this way. I will discuss strategy and process for coaching clients through difficult markets, decisions, and maladaptive thoughts toward a clearer set of objectives on the other side.
Mastering The Initial Consultation 2:30 p.m. - 3:30 p.m.
Mastering The Initial ConsultationView Session
Your first meeting with your client will set the tone for the entire relationship. This workshop will provide a simple framework for that meeting to ensure that you are able to build trust, manage the meeting for efficiency, and highlight the client’s need for your services. You’ll leave with a template you can use in every initial consultation you have.
The Painbody and Financial Decisions in Divorce Negotiations 3:30 p.m. - 4:30 p.m.
The Painbody and Financial Decisions in Divorce NegotiationsView Session
In this session, Micheline will share her experiences as a family mediator and CDFA regarding the importance of the intake process and how the Financial Expert can be a positive catalyst in your clients’ journey. More than ever, the emotional “soundtrack” will play an essential role in the decision making process for our clients. We will explore options in possible approaches to acknowledge and validate our client’s fears, hopes, and dreams. We will look at skills we can share with our clients to help them navigate this transition, especially in high conflict. “We are a party to an often difficult journey, and as such, we have a responsibility to try and create a positive ripple effect extending beyond the immediate family” – Micheline Maes
Micheline Maes, CFP®, CDFA®, EPC, RFM
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