Divorce Rich with Jacki Roessler, CDFA
Welcome to the Divorce Rich Podcast! Join your host, highly sought-after speaker and experienced Certified Divorce Financial Analyst, Jacki Roessler, CDFA in this engaging and down to earth show. Along with her guests, Jacki offers clear and detailed advice to improve your financial decisions before, during and after divorce so you can survive divorce rich! New episodes are posted every other Thursday! You can reach Jacki through her Michigan-based firm, Roessler Divorce Consulting, located at 600 S. Adams, Suite 300, Birmingham, MI 48009 or by email at jacqueline@roesslerdivorce.com.
Divorce Rich with Jacki Roessler, CDFA
I'm Divorced, Now What? with Financial Advisor, Melissa Fradenburg
Join Jacki and her guest, financial advisor Melissa Fradenburg to tackle the crucial steps to regain your financial footing after divorce. This episode isn't just about crunching numbers; it's about crafting a future paved with financial clarity and independence.
Transparency is the cornerstone of any relationship, especially the one with your financial advisor. We peel back the curtain on the compensation models of advisors, emphasizing the need for a crystal-clear understanding of fees. Plus, we underscore the importance of asking the right questions to ensure your advisor is in your corner, rooting for your financial success. All said and done, we leave you with actionable insights and a treasure trove of resources in our show notes to help you navigate the post-divorce financial seas. Ready to embrace your financial transformation? Tune in, and let's embark on this journey together.
Resources:
- Click Here to Contact Melissa Fradenburg, or email at mfradenburg@antonelliadvisors.com
- To download Jacki's budget worksheet, CLICK HERE
- Need to get organized on your post-divorce gameplan? CLICK HERE FOR JACKI'S CHECKLIST
- To learn more WHY to prioritize getting your QDRO done as soon as possible, CLICK HERE to listen to the Divorce Rich podcast episode on “QDRO Time Bombs”
- CLICK HERE to book a complimentary 30-minute consult with Jacki
Visit us at https://www.roesslerdivorce.com/ to learn more about Jacki's practice and to find valuable resources for your case.
Welcome to the Divorce Rich Podcast. I'm your host, jackie Ressler. I've been a certified divorce financial analyst for 28 years, helping clients and their attorneys navigate the often complex and confusing financial issues in divorce. If you're in the process of, or considering, divorce, now is the time for you to take a deep breath and give yourself permission to find clarity on the financial issues you're facing.
Speaker 1:Rich means many things. To many people, I believe the best definition of being rich is someone who has access to many resources. Along with my guests on this podcast, I will be bringing you a wide variety of information so that you can make sound and informed financial decisions for your financial future. Hey everyone, welcome back to the Divorce Rich Podcast Today. I am so excited because I get to have a podcast episode today with my former co-worker and colleague and co-podcast host, melissa Freidenberg. Melissa is a financial advisor. She does financial planning and asset management with Antonelli Financial Advisors in Grosse Pointe and she has a specialization in working with post-divorce clients, and she works with a lot of my post-divorce clients and they all love her, and so we're really lucky to have her expertise on the show today.
Speaker 2:Thank you so much, jackie. I'm so excited to be here not only to talk about one of my favorite topics, but also just to be back recording with you, because I miss recording podcasts with you, and I'm so thrilled about this podcast. I listened to it and just love what you're doing for the divorce community and in general.
Speaker 1:Oh, thank you. I'm so again. I'm so glad to be doing this with you today.
Speaker 1:So, let's get right into it. I refer a lot of clients to you post-divorce and because you've worked with so many of them, I know that you have a real sense of the problems that come up and the struggles that you have to overcome, as well as the best way to help them. So when somebody comes to you after their divorce, what do you tell them are the things financially that they need to prioritize, things that they shouldn't put off until the next year?
Speaker 2:Yeah, well, first of all, it does depend. If they come from you, they're usually in much better shape, I will say that. So they're very organized because they already have kind of their budget in mind as well as a list of things to do. Jackie does a great job working with them during the divorce process to get them all lined up for the post-divorce. So I will just give that little disclaimer there for you.
Speaker 2:But generally, when I'm working with women post-divorce, I would say the important thing would be to get organized. That's like step number one, because you've just been through such an emotional and in many cases, traumatic process Divorce itself, the actual until the paperwork is signed. There's so much that goes on that is emotional driven. Would you agree with that? Oh, my gosh. Yes, of course. Okay, well, I'm sure you're in the trenches with it.
Speaker 2:What I like and kind of why I like working post-divorce even though you know I have some knowledge, like you, for the divorce process but is because I love to see that sort of like, breath of like, relaxation of like okay, it's done, what's done is done, it's over. There's certainly some finality to it at that point over. There's certainly some finality to it at that point. It's not a time to sit back and sort of rest, necessarily. Give yourself some grace, maybe take a trip, buy a pair of shoes, that kind of thing. You know I've just been through a lot, but there's still work to be done.
Speaker 2:It's critical to make sure that you are getting yourself organized, and step number one nobody's going to like it in the organization process is always your budget, the terrible B word, which I know. You have a great episode dedicated just to that, so I'm not going to get too much into the details. But your expenses have changed. If you have kids, you still have some level of dependence that are, you know, as we know, especially if you have teenagers. They're an additional cost, for sure, but you might be getting some form of child support as well. So your new normal of what's coming in, what's going out every month, that is step number one, would you say. That's fair assessment.
Speaker 1:I would absolutely and I'm always thrilled to send someone to you, because I feel like when the divorce is done and I'm done working with them we worked together so closely on their budget during the divorce, you know, analyzing every little detail about whether or not the settlement will work and then I feel like I let them loose and then they don't have like you know, though, I'm going on the trip.
Speaker 1:No right, no, exactly, so I'm. So I'm always feel a sense of relief when clients go to you and they, yeah, I'm so grateful that you get them started on what are my, what are my current expenses and how am I going to cover any shortfall.
Speaker 2:Right, and the thing is sometimes it's not always. I mean, everybody hears the B word and they think restriction. Sometimes I'm giving people permission, like, okay, yes, you have a lump sum settlement of which we're going to put this towards here, this towards emergency savings or paying off debt lowering. Maybe you know paying some down on a mortgage, if you're going to refi, here's what you have left. What would you like to do with it? So it's really just being mindful of how this money is going to be spent. Do you need to supplement your monthly income, because maybe you were a two-family income and now you're one and the spousal support doesn't exactly cover it, or it's not going to last forever? Which brings me to my next point.
Speaker 2:After you get the cash flow and current budget, the next step would be let's talk about where you stand for retirement. Sometimes you're rebuilding, it's just a fact. You've split up retirement assets and do you have enough for yourself, assuming that you're not going to get married again or have somebody else that's going to help support you in retirement? If that does come along, great. But we need to make sure that you're in good shape. And if you're not, where is that money going to come from to sort of get you there.
Speaker 2:So that would be step number two. After you kind of put the oxygen mask on and see what's going on month to month and have a little bit of an emergency savings or a plan to get there, then what are those longer-term goals? So I know you've done you are my go-to person for quadros and those types of things but if there is something that needs to be handled relatively quickly after the divorce process, I would say that that would be the next step after getting those initial inflows out. Outflow settled is what have you been left with in retirement assets and what needs to be done to make sure that they're in your name and coming to you and you know anything I've learned about the quadro process. I just want to give credit to that. I've learned from jackie, so thank you for that.
Speaker 1:Well, I think again what a lot of clients don't realize, and whether they've worked with a divorce financial planner during the divorce or not, anybody listening. I think the part that people don't recognize is that the quadro process takes some time and it's really not that simple to just fill out the forms and get it done, and they need someone. Most people need someone guiding them through. They've probably never been through it before. You've helped clients transfer assets before. You know how things might get stuck somewhere. You know to follow up.
Speaker 1:You know when something has been lagging and the quadra prepare is taking months and months. You know to tell the client, hey, let's find out where it's at, Whereas the client who's never been through it before might think this is just the way that it goes. So I can't stress enough how important I believe it is for there to be someone guiding somebody through that Quadro process. Don't have that. We're talking. Probably I would say it's at least a year until they get their money, because they didn't have any sense of like how to step through that process, Even just transferring IRA accounts. They could use help with that.
Speaker 2:Oh sure, yeah. So sometimes you need a quadro, sometimes you don't, and maybe you can link your awesome episode on the quadro process so people can have that reference because that is a great episode. But some things don't require that. So some accounts, even IRAs, may just be a question of working with the custodian to get whatever the settlement is. Get that portion in your name. And I can help with that, because a lot of times also, women are very quick.
Speaker 2:One of the first things they want to do after the divorce process is change their name back to their maiden name or to a different name, and I get that, trust me. You kind of want to feel that sense of freedom from that marriage and maybe the last name kind of hangs on you. But I will promise you it is a lot easier to move the accounts in the same name that you got divorced in, and that includes keeping that on your driver's license just for a little extra time until you get everything moved over. There are ways around it. A lot of custodians have different forms you can fill out with. You know one in the same of that, your married name and your current name are the same person.
Speaker 2:There are ways, but that's the kind of stuff that a financial advisor can really help you with. The other big thing is making sure that you have accounts that are like-to-like. So if you are getting part of a trust account or a taxable account, you're going to need to open up a certain account in order to receive those funds. So I actually think it's cool when women manage their own assets and do it on their own. But if you're not savvy and it's okay if that's not your thing I really recommend meeting with a financial advisor sooner than later, even maybe before the divorce process is final, so that they can help you with all that stuff pretty much immediately after the divorce is final.
Speaker 1:Right, there needs to be. In my opinion and in my experience, there needs to be somebody on board immediately. I think the idea of waiting a year to go with a financial advisor is a mistake. I think that people should be interviewing different people during the divorce process to see who they like. But it is so much more complicated to see who they like, but it is so much more complicated.
Speaker 1:And I will say also, even a general financial advisor who doesn't have experience working with post-divorce clients, they're going to struggle too. So as far as even that great tip you just mentioned about, don't change your name, that's not going to be on anybody's radar if they don't work with divorcing clients and so they're not going to give that advice. And then there's going to be extra layers that have to be peeled off and hoops that you have to jump through, and they're certainly not going to understand always how to transfer retirement accounts. I have a case right now where my client's husband's financial advisor said we're going to just, we don't need it, we don't need a letter of authorization, we don't need any kind of a domestic relations order, we're just going to divide up the retirement accounts ourselves.
Speaker 2:And I said okay, we're just going to wing it right, Because there's nothing on the line here.
Speaker 1:So I said, okay, well, you know, obviously it's better for them to if they think they can do it, and that's easy, it's, and then you're not paying them by the hour Like I get paid, then yeah, go for it. But of course she came back to me and said they can't do it, they need something else. Can you help me? And so I gave her your name, melissa. Again, I think that you really you would. People would really benefit from working with someone who has the experience in working with post-divorce clients. It's so unique of a niche.
Speaker 2:Well, and you know I'm going to say this, I always I sort of joke with you. We've talked about it, but women, post-divorce are my people. I've been happily married for oh gosh, it's going to be 15 years now in September, I think. Yeah, it's been so long. I forget my anniversary, but I will say I did have a divorce earlier in my life and my mom has had several that I've helped her through, including a later in life divorce. So I get it not just from like an experience work experience but like they're my people, women going through divorce. I care about their outcomes.
Speaker 2:The worst part about my job is that I lay awake at night, sometimes thinking about it's hard to turn it off right, like are they going to be okay, like I feel this, like I lay in bed and I think about a lot of things, but oftentimes it is whatever case I'm working on now and like, okay, I gave them the best advice possible, I hope that they follow it. But I don't know what it is. I just feel a connection. They're my people and I think that's so important to have that sort of connection with somebody who is rooting for you and is on your team and also working with the rest of the people on your team. So I'm not a CPA, but it is very important to talk with your CPA or an estate planning attorney just to make sure that everybody's on the same page. And I think having a team again, if you worked with Jackie or CDFA during the divorce process which I hope you did, because you'll be in much better shape to coordinate with them and have like a handoff meeting or at least a handoff email of like here's where we're at and here's where we're starting from is so helpful. But it is about having someone on your team.
Speaker 2:I think that's the hardest thing post-divorce is what. You've had a husband or wife and you have had this person who is a teammate, and now you're kind of on your own, and so I think the relationship with a financial advisor can really help being that teammate when it comes to the financial aspects of not just what accounts do you have that I can manage, like retirement accounts or taxable investment accounts but how much cash do you have in savings? What is your cash flow like? Should you buy or lease a car? How much of a house can you afford to buy now? Or, if you've decided to stay in the house. How much emergency savings do you need to have on hand in case you need to repair the roof or the sewer line? If you're hearing gross point, that's a big one. You know these big expenses that come up right. So, like, that's the kind of partner that you want, and obviously I love to work with people, but I can't work with everyone.
Speaker 2:So if you're looking for a financial advisor you're listening to this podcast. I want you to find somebody who's really going to be your partner in all those things. It shouldn't just be about investing your assets that's a big part of it but it has to be that financial planning aspect of it as well, because that's what we need. It's got to be a whole picture of your financial picture. It can't just be like I'm going to manage and invest this one portion of the pot without knowing what the other pieces are. I think that's probably the best piece of advice that you can get.
Speaker 2:I agree, and you mentioned, you know, interviewing different advisors. I'm okay with that. Like I'm not like, send them all to me, jackie. You know, go and meet with different advisors and make sure you feel comfortable. You shouldn't feel like somebody just sold you something when you leave there. You should feel like this person's going to help me and they're going to help me do X, y and Z. It shouldn't feel icky and you should be able to ask questions and not feel like somebody's talking down to you. Those are my biggest piece of advice for people. You've already probably just gotten out of a relationship where somebody's talked down to you or controlled you, so you should be in a place where somebody wants to be by your side.
Speaker 1:This has happened on a few occasions this week where I'm trying to explain the difference between a holistic financial planner to work with clients after a divorce and be their thinking partner versus a money manager, and I think that's really confusing to people, especially people who haven't handled their money. They hear some of the big brokerage house names not going to mention any, but a friend might use them and they feel like, okay, I'm going to be safe if I go with that big name brokerage firm. What are the kinds of questions that you would recommend people ask when they're interviewing someone and they're just coming out of a divorce?
Speaker 2:For sure. Well, I mean, I think one of the important questions and it's not wrong if they aren't completely a fiduciary, but you want to hear their answer would be are you a fiduciary? And they should either explain that they work under the fiduciary standard because they have a CFP or because they have a license or they can say can you explain?
Speaker 2:Oh, that's a tough one, huh? No, Well, when somebody is a fiduciary, they have to act in your best interest, right? So under the fiduciary standard it's, there really should be no conflicts. And if there are conflicts of interest, they should be disclosed. And that's why I said it's not.
Speaker 2:You know, some people say, well, you have to find an advisor that's a fiduciary. I know people that can sell you products, insurance, long-term care, that are also amazing financial advisors. So I don't want to completely limit it, but it's important how they answer the question, because what you want to find out is are they going to give you advice that is the best advice for you and your situation, or are they going to give you advice that means it's the most amount of potential payment for them as an advisor? And I'll give you an example. It's probably the best way to explain it is if I sit down and do a financial plan for you, but I tell you that, based on your financial plan, you should purchase an annuity or an insurance product and I'm not just ragging on insurance salesmen or anything like that but if I'm recommending a product that pays me a commission, then that would be kind of a conflict of interest, because it might be enticing for me to recommend something to you that pays me more, whereas the way that I operate as a financial advisor, I charge a flat fee for managing assets and whatever those assets are invested in. Fee for managing assets and whatever those assets are invested in, there's not one thing that pays me more than another. So the temptation to recommend something over something else isn't there, because I get paid regardless. That's really when we're talking about investing, when we're talking about that idea of holistic financial planning.
Speaker 2:Typically people that are CFPs and that do financial planning for a fee, they are most of the time again recommending things to you that it doesn't make a difference in how they're compensated. I will say, when I talk to people, I'm always making sure that they have enough cash on hand outside of investments to pay for those emergencies, and that is less money that I manage for them if I'm managing assets for them. So there is, I guess, like conflict. But again, hearing how people answer that question what kind of things do you recommend for clients? Do you do a holistic financial plan? Do you charge separately for a financial plan if you're managing assets? The biggest thing that I can't really get over is I don't think I've ever met with a prospective client who is working with a different financial advisor that can tell me how much they're paying that advisor Right? Never have you run into that before.
Speaker 1:No, oh, nobody knows what they're paying.
Speaker 2:No. So that to me is a big red flag because I always talk about. You know how I'm compensated, how much do I get paid? And I think that's a very important question to ask when you're meeting with an advisor how much do you get paid, or how do you get paid? And sometimes you have choices on how you pay. You can pay for a financial plan. You can pay, you know, pay a quarterly fee, or you can pay assets under management. And if it is assets under management, do you have a minimum?
Speaker 2:That's a good question to ask, because if you have $150,000 to invest, that advisor may only work with clients that are $500,000 and above. So those would be the questions that I ask when interviewing a financial advisor. But I would say any one answer to that isn't necessarily a red flag. If they skirt around answering any of those questions, that would be a red flag. And then, if you just don't feel comfortable, keep interviewing people until you do, because this person is in the trenches with you. They are, they're in your underwear drawer, right? I mean, they see everything. So if you're not comfortable working with them and you feel shy about asking questions, probably not a good person to work with. You want to be able to call them up and be like I screwed up. What do I do?
Speaker 1:Exactly, exactly, and I think again, even financial planners who create a financial plan for clients don't necessarily work with them on financial planning throughout the year. I think that post-div're working with they don't need as much. They don't need as much, maybe handholding as time goes by, but in the beginning there's a heck of a lot of handholding needed and not everyone is going to do that. And some of the questions that I've thought too. I love your questions about fee transparency.
Speaker 1:I've had clients and I think you and I met with this client one time who told us that her nephew was managing the money and it was free and it was. Oh yeah, he wasn't charging me. Yeah, and the fees are obviously built into the portfolio and they were pretty clear on her statements, but she never really saw that. So anyone that says they're not charging you a fee, that's not true. Everyone is going to get paid. But that transparency about how they get paid is a great question. I also have recommended that my clients ask do you have a CPA that you recommend? If I don't have one, or will you talk to my CPA to make sure that we're on the same page? Do you have an estate planning attorney that I can talk to. I mean, I think that those will kind of be a key point on whether or not that advisor does do some of the hand handholding that needs to be done.
Speaker 2:Absolutely yeah, and the handholding too is. It may just be a reminder. Like every year, I'm like, okay, have you? You know you've taken a little time, some things that can be dealt with later. You don't have to get a new estate plan right away I mean within a year, I would say. But when you do sit down to meet with them, that is something you want to communicate with your financial advisor.
Speaker 2:If your financial advisor is not saying, hey, do you have an estate plan, can I have a copy of it? Then that's probably an indication that they're not doing holistic planning, because those things are tied together. You don't have to use the person I refer you to, but it'd be nice if they had some communication together and they shared your documents or said, hey, like I'm putting together a plan, what are their assets? So we make sure they're all titled correctly, like. Those are the kinds of things that you look for, because it you know, I want to know who your CPA is. It doesn't have to be somebody that I recommend although I do have a list of people that if you're looking for one, I would share but it has to be like OK, we're thinking about doing a Roth conversion this year because your income dropped. Let's like can I email them, can I have a third party release to share your information so we can decide together if this is a good year to do that.
Speaker 2:I mean that's important, that relationship between an advisor and a CPA, and not everybody does it you would think they would. But yeah, we, I mean as a firm, we require we have a like okay, who's the CPA that they're using, what is their contact info, and do we have permission to share information back and forth? And you should always give permission to share back and forth because that's really an important line of communication. But these are things. People don't know this, and it's not just people through divorce that maybe their spouse handled it Like married couples don't know what to look for in a relationship with a financial advisor either, so don't. So often I think women were like oh, I don't know what I'm doing, I'm so lost. Like, give yourself some credit. Like you're, you're making the effort to go find somebody to help you with this thing that you're not an expert at and that makes you. That's pretty darn good, right that you're doing that.
Speaker 1:It is and it puts them, it gives them the leg up, and I don't think that people always realize that that you know a lot of the times and I don't want to stereotype, because sometimes I'm working with the male client and not the female client or the highway journey or not the lower wage, lower wage earner but if their spouse had taken over the money management, it usually doesn't mean that they knew what they were doing either. You know there are no, so I think that a lot of these people that I work with that haven't been managing the money during their marriage they're going to be in so much better shape, just in terms of understanding their financial situation, if they go with a financial advisor after the divorce.
Speaker 2:Absolutely. And the biggest thing too is if you were working with an advisor as a married couple and now you're going through a divorce, if you feel comfortable with that person and want to stay fine. But you know, is that person somebody you feel comfortable communicating with? Do you feel like you had a relationship with them? Are they treating you like your own person or were you just part of you know? Were they really the relationship with your spouse? And now you're kind of the odd man out?
Speaker 2:Those are reasons to maybe interview a few other advisors and see what they have to offer. But just taking that step to interview a few people, it should be also free of charge. That first meeting, whether it's a phone call or, you know, an in-person meeting at least you know 20 minutes to a half hour should not be something you're charged for. I think sometimes that keeps people from interviewing a few people. I'll often get that like how much is this first meeting going to cost? Right Like this is your meeting to ask me questions about how we would work together and me to ask you questions so that I can see if we're a good fit and if I can help you? But you always feel like you're so used to being charged attorney wages, which attorneys are great, which is like I'm being charged for a phone call or an email or a meeting, but on the financial advisor side, that first one should not be charged.
Speaker 1:So is there anything else that you would want to tell people that we haven't covered, if they're just coming out of their divorce and feeling kind of shell-shocked and don't know what the next step should be?
Speaker 2:Sure. Well, again, let's just review kind of what we talked about. So, getting organized, what accounts are yours, getting things retitled in your name those are first steps and you can do that on your own. Those are first steps and you can do that on your own. It's helpful to have an advisor, but if you're not currently working with an advisor and in the process of interviewing, don't feel like you have to make this really quick decision to hire somebody so that this stuff gets done. Take your time, make sure you feel comfortable, but do get yourself organized of like these are the accounts I need to retitle. This is where they're at.
Speaker 2:Here's the phone number to call your budget what's coming in, what's going out and if there's a problem there, a deficit, how are we going to fix it? Where can it come from? What other pots can I take money from? Now? Retirement assets is a big one. So what are the retirement assets and do I need to get the quadro process started? It should be in your decree on who you can call to do that, and then, obviously, hiring an advisor is on there. Making a checklist after that are the things that maybe need to get done. Six months to a year. That can wait a few months. But give yourself grace. You've just been through a lot. If it feels overwhelming and you don't want to make a decision, or it feels icky when you're meeting with an advisor to move forward, it's okay that you don't need to give them an answer that day. You can take a day or two to really make sure it's a good fit to have somebody that's a partner to work with you long-term Right.
Speaker 2:Those would be my, my pieces of advice, I know I know, jackie, jackie, you did have a great checklist and I don't have it in front of me, but I feel like, well, I'm going to.
Speaker 1:I might need to. I'm going to link the checklist but but you don't need my checklist. You definitely you know how to how to work with clients and what they need. I think another really you know, important piece of the puzzle for people and I'm so grateful for your time today because I am going to send this podcast episode to every one of my clients that's heading towards the end of their divorce, because this is the information that they really need. And one last piece that I always tell people is you're not signing with up with like blood, like you're not promising like your firstborn child to the advisor. If you end up it doesn't work out and you don't like the relationship, you can change it If you know, depending on how you, depending on how they invested your money.
Speaker 2:I should say no, that is so important. I'm so glad you mentioned that, because I didn't even think to answer that, because I'm so used to working in a world of like hey, if we're working together and it doesn't work out, you can move your money and you only pay me for the days that you're invested with me. But some advisors don't work that way. So that's an important question Always ask that. That's so good, jackie, I'm so glad you brought that up. I should make myself a checklist, like you have. No, because, if that's the thing is, sometimes you've made so many decisions. I also liken it to like when you're redoing a house or a construction project or a kitchen and you're like oh, I don't even know what paint color, I've made so many decisions, I can't make any more decisions. I feel like people after divorce feel that way, Like I've just made so many decisions, it is what it is. And they have like decision indecision or whatever that's called.
Speaker 2:Yeah, decision, it is what it is and they have like decision indecision or whatever that's called. Yeah, decision fatigue, right, yes, yes, decision indecision I couldn't think of the term, but yeah. So decision fatigue, it's okay. At some point you have to make a choice. Make sure that if you make that choice and it doesn't work out and you don't think they're working for you in the right way, that there's no back backend charge to leave. There may be an account closing fee per account that's pretty typical or what's called an ACAT fee, which is when they wire the money to a new advisor, but make sure there's not like a commission, a backend commission or fee or the product that locks you in for a certain period of time. As long as you don't do that, you're pretty much able to continue to shop around if it's not a good fit afterwards without any harm. So if you're feeling like I just don't know if this is the right move, a lot of times it's reversible, so don't put too much stress on that. But I'm so glad you brought that up.
Speaker 1:They should ask that in their interview though.
Speaker 2:right Ben, yes, yes, Interview question what happens if, six months from now, I decide I want to work with someone else I love?
Speaker 1:getting that question. What happens if you know six months?
Speaker 2:from now I decide I want to work with someone else. I love getting that question. Yeah, I mean I love getting that question because it's like nothing you move your. It doesn't happen to me. That doesn't really happen to me. It happened to me once, one time, where people moved in that sense of like she actually ended up dating a financial advisor for like a year and a half. So that was like I'll put that out there. If you start, you know, a serious relationship with a financial advisor after a year and a half and decide maybe I should move my assets there, but for the most part the answer to that should be you only pay for the time you're working with me and then maybe like an account closing fee Right, awesome.
Speaker 1:Thank you so much, melissa. I can't wait to have you back because we have so many more things to talk about, but this is so valuable. Thank you so much.
Speaker 2:Thank you so much for having me on the show. I'm a huge fan and I miss podcasting, so I get to live vicariously through you by listening to your fabulous podcast and I'm so thrilled to be a guest. I'll come back anytime, clearly. I like to talk.
Speaker 1:Fantastic, and I'm going to just keep my fingers crossed and for anyone in our audience that at some point you're going to get back into podcasting your own show, because you are amazing. So thank you again for joining me.
Speaker 2:Thank you so much for having me, and if any of your listeners are looking for an advisor, I will have you link my contact and my website for Antonelli in the show notes and please reach out.
Speaker 1:Thank you so much for taking time out of your day to listen to Divorce Rich Podcast. Your day to listen to Divorce Rich Podcast. If you like this podcast, please follow us on Apple or anywhere that you download podcasts and share this link with any friends or family that you think might benefit from this information.
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