Ep 6: When Clients Divorce, What Does the Advisor's Role Need to Be?

Episode 6: When Clients Divorce, What Does the Advisor's Role Need to Be?

Guest: Nancy Hetrick, CDFA, MAFF

Divorce is one of the most sensitive financial situations advisors will navigate with clients. In this episode of Financial Advisors Want to Know, host Catherine Tindall is joined by Nancy Hetrick, CDFA, MAFF—an expert in divorce financial planning—to discuss how advisors can support clients through this challenging transition while maintaining their fiduciary duty.

Key Takeaways:

✅ Be cautious about giving financial advice during a divorce—advisors have a fiduciary duty to both clients.
✅ Working with a trained divorce financial specialist (CDFA) can help clients preserve assets and avoid costly mistakes.
✅ Many divorces can be settled outside of court, making the process smoother and less expensive.
✅ Common mistake: Advisors splitting assets inefficiently, such as triggering unnecessary capital gains taxes.
✅ Assemble a team early—starting with a CDFA—to ensure clients make informed financial decisions.

🔗 Connect with Nancy: LinkedIn
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