Demystifying the Role of the Financial Neutral
Course Description: Per Florida Statute Section 61.56, Collaborative Process is “a process intended to resolve a collaborative matter without intervention by a tribunal and in which persons sign a collaborative law participation agreement and are represented by collaborative attorneys.” This interactive workshop will explore: the role of the Neutral Financial Professional in the Collaborative Process; manners in which the Neutral Financial Professional evaluates and develops creative financial solutions to help the process flow; and responsibilities ranging from establishing a simple balance sheet and cash flow to a complex business valuation or tax matter. As Neutral Financial Professionals have significant training and may hold various designations such as CPA, Certified Divorce Financial Analyst (CDFA), and/or Certified Financial Planner (CFP), each professional background has benefits and limitations, which in some instances can be complementary. Finding the right Neutral Financial Professional for your clients is key to ensure and preserve the family for generations to come.
Learning Objectives:
- Describe the role, aspirations, and responsibilities of the Neutral Financial Professional before, during and after the Collaborative Process.
- Identify the obligations, limitations, and various professional backgrounds of the Neutral Financial Professional in the Collaborative Process.
- Develop strategies to determine what type of professional background among various Neutral Financial Professionals would be most appropriate for a given Collaborative matter.
Presenter:
Elaine King, CFP® is the founder of Family and Money Matters™ and has the mission of empowering the family’s financial and human capital to achieve financial wellbeing. She has served as the Family’s Financial Planner for over 1,200 families and 100 multigenerational family enterprises crafting actionable family financial plans.
Elaine is a Financial Education advocate, creator of the first family financial program in LATAM and winner of the Best Latin book award. She was recognized in 2020 in the list of Investopedia’s Top Influential Advisor and in 2017 recognized by People Magazine’s Top 25 Influential Hispanic Women. Elaine has been featured in the WSJ, Forbes, Telemundo, and CNN and is a columnist for financial journals in the US and LATAM.