To become a Certified Divorce Financial Analyst, one must have a desire to help divorced couples with financial concerns, study the appropriate materials, and pass a series of tests. The CDFA serves as a financial counselor to separating couples, requires great skill in working with people, and maintaining neutrality. The materials cover various aspects of financial mediation, and passing four tests is necessary to become licensed.
To become a Certified Divorce Financial Analyst (CDFA), you must possess an innate desire to help divorced couples amid financial concerns, thoroughly study the appropriate materials, and pass a series of tests to earn certification from the Institute for divorce financial analysts. Divorcing couples often need the help of a qualified professional to help them divide their assets, learn to make financial decisions as newly singles, and identify sensible options when it comes to financial planning. A certified divorce financial analyst undergoes highly specialized training to ensure that he or she can provide the highest level of service to separating couples.
The first step to becoming a Certified Divorce Financial Analyst requires that you have the necessary desire to help people, as well as a sensitivity to couples in potentially volatile emotional states. While some couples divorce amicably, many do not, especially in cases where large amounts of money and assets are involved. The CDFA job is to ensure that the financial end of the process goes as smoothly as possible. This requires you to have great skill in working with people, identifying their needs and maintaining neutrality between the two opposing sides of the divorce battle. First and foremost, a certified divorce financial analyst serves as a counselor – of the financial variety – to a couple going their separate ways.
The next step in becoming a certified divorce financial analyst is to study all of the materials produced by the Institute for Divorce Finance Analysts. During this phase, you will learn about the various aspects of financial mediation for divorcing couples. Areas of study include tax information, defining pensions and child support and child support payments, how to properly divide money and assets, and how to better plan for the future. The study materials are highly detailed and require a great deal of concentration and study.
Ultimately, you will need to pass a series of tests to become a Certified Divorce Financial Analyst. There are testing centers in various locations that allow aspiring CDFAs to sit for exams. There are four testing phases, and each phase must pass successfully before the individual can move on to the next test. Upon completion of the test, the fourth and final test form is submitted to the Institute for Divorce Financial Analysts for scoring. If you pass this final stage, you will be a fully licensed Certified Divorce Financial Analyst.
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