Top 10 tips to getting started as an IFA specialising in divorce
Steve Hennessy, Phil O'Connor, Fiona Sharp, Tom Farrell and Mike Caffyn discuss the top tips on how to build your career as a financial advisor specialising in divorce.
Tip 1: Back yourself
Have the confidence that you do know what you are talking about.
Tip 2: Know what you don’t know
Identify what you need to learn – find the resources and build your contacts.
Tip 3: Show you are an authority in this field
Understanding where your professional knowledge can be incredibly valuable and build up trust with your professional contacts.
Tip 4: Get to know the other professionals involved in the process
Learn the basics about the legal process – lawyers, actuaries, financial neutrals, mediators, psychotherapists and many others.
Tip 5: Build your network
Think about what you are comfortable with and build on that expertise – join local professional networks (such as PODs).
Tip 6: Don’t dabble, you need to commit
Ask yourself why you want to be involved in this space. You need to build up your experience in this area.
Tip 7: Be authentic
By being authentic you will be trusted. Have the courage to say when you don’t know.
Tip 8: Get involved earlier in the process
It can be much more rewarding to be involved in a divorce earlier in the process.
Tip 9: Little ways you can add great value
You’ve got loads of expertise, don’t give it away for free.
Tip 10: Join the community
Share your challenges with fellow professionals working in a similar space. This is not a purely competitive area – we share with each other and learn from each other.