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Once COVID-19 storm subsides, clients will destructively divorce in droves, say RIA splitsville specialists; but steps taken now can lessen the damage

A glut of divorce cases can draw heavily on advisor bandwidth and decimate assets, according to experts, but proactive transparency can help

Author Oisin Breen June 11, 2020 at 1:43 AM
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Social never-distancing is a potential time bomb for RIAs as their clients begin to escape Covid-19 confinement.

Carol Lee Roberts

Carol Lee Roberts

June 11, 2020 — 1:26 PM
The current certification exam for the CDFA designation is one comprehensive exam of 150 questions, the four module exams were consolidated as were the hard copy and e-learning materials.
Mark Keenan

Mark Keenan

June 12, 2020 — 7:34 AM
Interesting article. Already, one of the largest divorce filers in the UK divorce-online.co.uk have seen a 60% increase in new cases in June compared to 2019. People who had been putting off the physical process have started earlier because they have more disposable income during lock-down. The post lockdown filers will be the key to whether this big spike happens. With potentially millions of jobs going to the wall, it may be that people will not be able to afford to file, at least in the short term?

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