A Certified Divorce Financial Analyst (CDFA) is responsible for creating an extensive financial divorce projection and analysis that you and your divorce lawyer will present in a divorce settlement. They act as a financial specialist on your divorce team. Therefore, choosing a Certified Divorce Financial Analyst to assist you while you are divorcing is a major decision that can determine your financial future for years to come. Here’s how to go about selecting the right CDFA for your needs.
Search for several candidates
It’s good to take your time and research when selecting anyone for a position of this magnitude. You can find Certified Divorce Financial Analysts by asking family, friends, or colleagues about their experiences and whom they hired or by searching various websites. You can also attend divorce-planning workshops to seek out reputable candidates. Finally, do background research on your selected Certified Divorce Financial Analysts candidates. Google the CDFA names, read online reviews and get a general sense of how pleased current and previous clients have been with their services.
Check years of experience
The more experience a CDFA has, the better their financial knowledge. Better financial understanding means you will get the best advice. For instance, a CDFA who is familiar with the ins and outs of divorce financial planning will be able to simplify your proceedings and help you reach an agreement more efficiently. This will save you money and time, so make sure you have an experienced CDFA expert on your side.
Interview each candidate
Prepare several questions you will ask once you’ve gathered a list of Certified Divorce Financial Analysts. Compile questions that are specific to your circumstances. Asking questions will start a conversation and let you decide if you feel comfortable with the potential CDFA. Here are a few questions that you can ask:
- What is your fee?
- What is your average client profile?
- What are your areas of focus?
- How many clients do you work with?
- What’s your process when working with a client?
Don’t be afraid to ask as many questions as possible. There is nothing like a silly question regarding decisions that will impact the rest of your life.
Check if the CDFA is compatible with you
It’s time to decide who’s best suited to assist you after interviewing several Certified Divorce Financial Analysts. Evaluate how you feel about their background as well as how you relate on an emotional level. Remember that you will be sharing sensitive information with this person, so make sure you choose someone who can understand you and support you throughout the process.
Choose The Tranel Financial Group
Here at The Tranel Financial Group, we’re known for providing financial planning and investment advice to people. Our #1 goal is to help you make an informed decision, separated from sentiment or emotion so that you can live the lifestyle you want.