Divorce advice is 'niche' but needs more accredited IFAs

Clients can be like ‘rabbit in the headlights’ as divorce settlement nears

Jenna Brown
clock • 4 min read

Advising clients going through a divorce is a niche area but there is “plenty of work to go around” and more IFAs should look to gain accreditation to garner family lawyer referrals, a specialist has said.

Speaking during a Personal Finance Society (PFS) webinar Financial planning on divorce and separation, Beeswax Wealth Management managing director Steve Hennessy explained he works with divorcing clients to ensure good outcomes and fair financial settlements. The Chartered financial planner said about 90% of his work comes from family lawyer referrals. Hennessy is also involved with the Resolution organisation - a community of family justice professionals who work with families and individuals to resolve issues in a constructive way. "It is a great niche to work in," he said. "I do a ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your Business

All the advice firm acquisitions that have taken place in 2024

All the advice firm acquisitions that have taken place in 2024

Keeping track of the ongoing consolidation of the advice industry

Professional Adviser
clock 30 August 2024 • 2 min read
Customer complaints: How to harness the power of root cause analysis

Customer complaints: How to harness the power of root cause analysis

Can drive better outcomes within the firm as well as for customers

Nina Cherry
clock 27 August 2024 • 4 min read
PA360 North: Leading adviser event takes place in Warrington in October

PA360 North: Leading adviser event takes place in Warrington in October

Join us at The Park Royal Hotel & Spa on 1 October

Professional Adviser
clock 27 August 2024 • 1 min read