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.


Further information

Learning at home

Learning resources that can accessed online

Read more

Financial advisor specialist accreditation

Become a specialist in financial advice on divorce

Read more

The role of the financial neutral

Find out more about the role of the financial neutral in collaborative cases