Many divorcing spouses do not have the financial background they need to understand how to proceed once the court gives them their own qualified retirement account – especially if they were the non-financial spouse.
Miami, FL (PRWEB) December 15, 2015
QDROnow.com, a financial firm that specializes in preparing QDROs for divorce attorneys across the country, announced that it has entered into a new referral relationship that will provide its divorcing clients with access to timely financial management expertise regarding their qualified retirement accounts, as well as any other non-retirement assets.
Per the new relationship, QDROnow.com, which is a wholly-owned division of Qualified Intermediary Capital Advisors, will refer applicable clients to LionsBridge Wealth Management, LLC, which utilizes Charles Schwab & Co. as their primary custodian to provide all the monthly reporting, tax reporting and gain/loss recording. LionsBridge provides personal care, personal attention and guidance -- regardless if the account value is relatively low, or if the client lacks financial knowledge (i.e. the non-financial spouse).
“It has been my experience over the years that many divorcing spouses do not have the financial background they need to understand how to proceed once the court gives them their own qualified retirement account – especially if they were the non-financial spouse, and took a hands-off role when it came to marital assets and investments,” commented QDROnow.com and Qualified Intermediary Capital Advisors’ founder and managing partner Dr. Robert Hetsler Jr., J.D., CPA, CVA, FCPA, CFF, MAFF, CMAP. “Thanks to this new referral partnership with LionsBridge Wealth Management, these deserving clients will get the care and expertise they need to prepare them for their post-divorce financial life ahead.”
Dr. Hetsler, who is in the final stages of earning the PFS designation from the AICPA that will certify his competence in all areas of finance, also noted that choosing the right referral partner was a critical objective, since it had to match his organization’s unwavering commitment to ethics, competence and personal care.
“As a forensic accountant who has provided financial expert testimony in court many times, I am familiar with what is involved in thoroughly vetting individuals and financial institutions,” commented Dr. Hetsler. “I have been working on a referral solution for my clients for over a decade, and am very pleased to finally find a partner that is clearly aware that they have a fiduciary duty to work with integrity and transparency in putting our mutual clients’ needs and interests first at all times.”
A growing number of experts are advising divorcing clients to seek the services of an experienced financial planner during their divorce proceedings, or better yet and if possible, prior to their commencement. As noted by Denver-based wealth planning specialist and attorney Melissa Montgomery-Fitzsimmons in an article for MarketWatch: “Unfortunately, most people seek financial advice after a divorce. By then, however, it’s too late to change the legal arrangements addressing short-term cash needs, insurance, child support, trusts and retirement. It’s a stressful time, and [divorcing spouses] might not think of every financial concern that will come up”.
For more information on QDROnow.com, visit http://www.qdronow.com/divorcefinancialplanning
For all other information, including media inquiries, contact Dr. Hetsler at 844-234-QDRO (7376) or email Robert(at)qdronow.com. Se Habla Español.
QDROnow.com is a wholly-owned division of Qualified Intermediary Capital Advisors. The company is led by Dr. Robert Hetsler Jr., J.D., CPA, CVA, FCPA, CFF, MAFF, CMAP, who has been preparing retirement division orders for over a decade. Dr. Hetsler is a financial specialist in the division of retirement and pension accounts in divorce cases. Because of his unique set of financial skills, Dr. Hetsler is often called upon during divorce proceedings by attorneys and mediators nationwide to provide expert assistance in the division of retirement accounts. He has testified as an expert witness in divorce cases involving the valuing of retirement and pension accounts. He has also been retained to provide pension valuations and prepare qualified domestic relations orders (QDRO’s) for 401(k) accounts, military retirement divisions, pensions, 403(b) accounts, FERS, non-qualified plans and many other types of retirement accounts in thousands of divorce cases.
Learn more at https://www.qdronow.com.