Financial Advisors vs Financial Therapists

When a couple works with a financial advisor to create a spending plan and then one spouse walks out on the plan and “financially” cheats on their spouse, it is advisable to work with certified financial therapists. There’s a big difference between financial planning and financial therapy, and you may need to decide which one you really need. Do you need somebody to manage stocks and bonds, real estate, and taxes, or do you need someone to counsel you and talk out your money problems? Those are separate and distinct issues.

If your spouse or partner is taking a lot of money out of an ATM machine, whether for drugs, gambling, prostitution, or something else, there is something there that you probably aren’t going to want to hear. You may or may not want to work that out, but you have to be able to have that conversation. Unfortunately, it’s very difficult for two spouses who are fighting over budget items to sit down and agree on financial issues, often necessitating a financial therapist.

Can a Financial Advisor Work with both Spouses if they Decide to Divorce?

Financial advisors can never represent two of the same clients with one person. If you work with a financial firm, however, different advisors can represent the two different clients. Once a financial advisor finds out that their clients are getting divorced, they can’t make any changes to someone’s finances just because their spouse or partner says to do it. They would need the spouse’s signature because the parties might be getting divorced.

Financial advisors to divorcing couples do their best to advocate and give their clients advice, but they typically recommend getting a divorce attorney involved. Financial advisors are not lawyers and can’t give legal advice. They can give you ideas about what you should be thinking about financially, but they can never maintain both of you as clients.


Click Here for a Consultation
Recent Blog Posts
Family Law Judge John Sumner (Ret.) Joins the Atlanta Divorce Law Group Legal Team!
The Atlanta Divorce Law Group is pleased to announce that John Sumner, retired Superior Court Judge, is joining our...
How to Get Married in Georgia
While proposing marriage in Georgia requires little more than asking a question, formalizing that union takes some work. There...
Atlanta Divorce Law Group Featured in Vanity Fair Article
Atlanta Divorce Law Group was featured in Vanity Fair! We work hard to stand out as a Family Law...
View All Posts
N/A

Atlanta Divorce Law Group

Alpharetta Office

Atlanta Divorce Law Group
5755 North Point Pkwy
Suite 206

Alpharetta GA 30022

Alpharetta Office

Atlanta Divorce Law Group
3560 Old Milton Parkway,
Alpharetta GA 30005

Buckhead Office

Atlanta Divorce Law Group
3355 Lenox Road,
Suite 750

Atlanta GA 30326

By Appointment Only
Marietta Office

Atlanta Divorce Law Group
533 Johnson Ferry Rd
Suite D-450

Marietta GA 30068

By Appointment Only
Suwanee Office

Atlanta Divorce Law Group
593 Main St,
Suite B,

Suwanee GA 30024

By Appointment Only