When you’re going through a divorce, and every financial decision matters, the wrong financial guidance can have lasting consequences. In this episode, I sit down with Nicole Milone, Chief Wealth Strategist at Solaris Strategic Wealth, to discuss why your wealth advisor should not double as your divorce strategist. We explore the key differences between the roles of a wealth manager and a Certified Divorce Financial Analyst®, and how trying to combine them can derail your divorce, expose you to legal risk, and leave long-term money on the table.
The second half of our conversation airs later this season, where Nicole shares how she helps clients rebuild and grow their wealth after divorce.
Nicole Milone, Chief Wealth Strategist at Solaris Strategic Wealth, helps clients use money as a tool to achieve their goals, buy back time, and build a legacy.
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Some key takeaways from this episode include:
Divorce financial strategy is a specialized discipline. Even the best wealth advisors aren't trained to anticipate the legal and strategic complexities of divorce.
When your CDFA® and wealth advisor work together, you can get coordinated financial guidance that supports your short-term divorce outcomes and your long-term financial goals.
Maintaining joint accounts or making large financial moves during your divorce can lead to serious legal and financial setbacks. Always consult your CDFA® before making any changes.
Marriage is about love, but divorce is about money. The Divorce & Money Podcast, hosted by Gabriella E. Martinelli, CDFA®, CDS®, is all about how to navigate your separation and divorce so you can set yourself up for a strong financial future. Gabriella is the Founder at Ever After Wealth®, a divorce financial strategy firm.
Connect with Gabriella & Ever After Wealth: