When divorce divides
a marital brokerage account, one party
usually finds himself or herself deciding
between staying with the broker who handled
the marital account and finding a new
broker. Both scenarios are dangerous.
Especially in the
case of a spouse who was not the primary
breadwinner, investment objectives and
risk tolerance are often radically different
following a divorce. By staying with
the same broker, the spouse is running
the risk that the broker may continue
to take the same risk with the new account
as he or she did with the marital account.
founder has represented more than one
recently divorced woman who lost almost
all of her share of a marital brokerage
account for exactly this reason. Choosing
a new broker on the basis of a sales
presentation, though, is no safer.
can help protect the assets that now
must produce an income for someone recently
divorced, or that will need to be the
stable foundation on which a recently
divorced individual can build a safe
retirement nest egg.