Published on July 20, 2020 by U.S. News & World Report
According to the Institute for Divorce Financial Analysts, which awards the CDFA credential, the number of CDFA professionals in the U.S. and Canada rose by 26% in the past five years.
“The CDFA designation has been useful,” says Clari Nolet, senior financial advisor at Team Hewins in Redwood City, California. “It was the first credential specific to divorce and the only divorce-specific coursework at the time. It requires that you take continuing education credits specific to divorce on a regular basis to stay abreast of divorce-specific planning topics.”
Nolet says having the CDFA shows her clients she’s serious about the divorce niche.
“It isn’t as valuable as the CFP, but in addition to the CFP, it is great,” she says. “For seminars and getting quoted it also puts me in front of others, regarding divorce as a subject matter.”
She adds that the credential helps her stand out from other advisors when she gets referrals from attorneys and forensic CPAs.