According to a recent poll by Money magazine, 70% of couples argue about money. Therefore, it’s not surprising that when couples decide to meet with an advisor to discuss their financial future conflict happens. A skilled couple-friendly advisor is equipped to help these partners identify their values, goals, and dreams and assist them in resolving their diverse viewpoints. By simply providing a place for couples to safely talk about money, an advisor is fostering trust, offering a great value-add service, and increasing the likelihood that the financial plan created will be successful.
For some partners disagreement about money is a symptom of deeper issues in the relationship. In fact, 50% of first marriages in the United States end in divorce with financial conflict listed as one of the top reasons for the breakup. When partners decide to call it quits, its important for advisors to do what is in the best interest of both clients and also protect their advisory business from potential lawsuits. Knowing the options available to advisors and the pros and cons to each are vital in making the best decision for all involved.
In this highly interactive and sometimes humorous session, discover why modern couples need couple-friendly advisors more than ever, how to remain neutral when partners try to put the advisor in the middle of an argument, and how to empower couples to engage in productive wealth conversations.
Participants take away:
- The top 5 reasons it makes good business sense to be couple-friendly
- An assessment of the advisor’s conflict mindset and how this impacts the types of couples you attract and retain
- Tactics for maintaining neutrality when conflicts arise
- Creative methods for teaching and empowering partners to communicate more effectively about financial differences
- A list of questions to assess the best course of action should a couple decide to divorce
Live: 60-minute Keynote Presentation or 90-minute Concurrent Workshop
Virtual: 60-minute Webinar