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What is an ADPA and Why is it Important to LGBT Investors?

CDs

By Sharon L. Herman AAMS, ADPA

The ADPA (Accredited Domestic Partner Advisor) accreditation is a specialty designation that can be earned through the College for Financial Planning.

The accreditation addresses the unique financial planning needs of lesbian, gay, bisexual, and transgender (LGBT) individuals, as well as heterosexual couples who have chosen not to marry. Specifically covered are factors and situations that cause financial planning for domestic partners to be different from financial planning for legally married spouses, including wealth transfer, taxation, retirement planning, and estate planning issues; as well as alternative planning strategies for these situations.  www.cffpinfo.com/adpa.html

There are differences in financial planning for couples that live in states that do and don’t recognize same-sex marriage.

Working with someone who is specially educated and certified to know and understand these differences can help domestic partners and married couples pursue their financial goals in a more optimal manner.

 


 

Sharon_Herman_HeadshotSharon L. Herman AAMS, ADPA is the CEO of Silver Key Wealth Management, and affiliated with LPL Financial, the largest independent broker/dealer* in the United States. www.silverkeywealth.com

The opinions expressed in this material do not necessarily reflect the views of LPL Financial.

Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Independent Financial Partners, a registered investment advisor and separate entity from LPL financial.

Ms. Herman may only discuss and/or conduct transact securities business with residents of FL, MI, GA, VA, NJ, TX. www.finra.org. www.sipc.org

*Financial Planning Magazine (June 1996-2013 based on total revenue)

 

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