Women and Divorce – Financial Differences

This closing segment of our five part series of articles may sound like a call to action.  If it doesn’t, something has gone wrong!  Our other articles have outlined lots of common financial issues that are unique to women, whether those women are experiencing divorce or not.  Understanding the issues and challenges that have an effect on our future is, to me, the first step in planning to overcome those challenges.  What I hope to accomplish through these brief articles is simply to motivate women to step away from financial anxiety, whether it is due to divorce or not, and begin building confidence in their own capabilities to direct their independent futures.  Frequently, this begins with a financial advisor.

Studies have shown that women can experience an increased sense of responsibility, confidence and optimism when they have an established relationship with an advisor when compared with those who don’t work with an advisor.  They achieve an increase in clarity about their personal financial goals.  They gain a sense of satisfaction with their investments.  They feel better off financially than they were before they worked with an advisor.  Finally, they increase their sense of financial confidence and control.

No matter where you are in the journey to independence, financial security and control probably sounds pretty good!  In my practice, I work with many women who are contemplating, experiencing or transitioning through a divorce.  Educating them on common financial mistakes made in a divorce situation is part of my job, and many times these mistakes can be avoided with the help of an advisor.  For instance, many settlement “errors” include a lack of understanding of the costs of maintaining an asset or perhaps the mistaken belief that tax implications of assets are not important.  Utilizing a financial advisor schooled in the intricacies of divorce can provide you with a valuable tool for avoiding many of these common mistakes.  Additionally, using a financial resource like a knowledgeable advisor can help you base your decisions in reality, not the frequently overwhelming emotions of divorce.

The key to a strong, independent future post-divorce can be in the people you choose to gather around you.  Building a long term relationship with a trusted financial advisor experienced with divorce can be one of the best decisions you make.  Finding the right person to help you is important and can be A Big Difference in your financial future, which is going to be with you a long, long time!

Carrie D. Wilson, CFP®, CDFA™


  • 2006 Allianz Women, Money, and Power Study Focus Groups and nationwide online survey conducted by Larson Research and Strategy
  • 2007 Allianz Women, Money, and Power Study Phase II

Securities and Investment Advisory Services offered through NFP Securities, Inc. (NFPSI), Member FINRA/SIPC.  Divorce Financial Help is not affiliated with Clark, Waters & Hardy, LLC.
NFPSI is not affiliated with either Divorce Financial Help or Clark, Waters & Hardy, LLC.