Story
Making a fresh start after divorce
Read Nicola's story to find out how she helped her clients, Sharon & Patrick during their divorce, handling their assets separately but considering the needs of the family and prioritising their children’s well-being.
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Divorce can be a confusing and lonely experience.
Yet when approached in the right way, the process offers a valuable opportunity to take control of your life.
One of the most crucial issues to think about is your financial settlement, which often involves making some difficult choices. That’s why it’s usually a good idea to seek professional advice you can trust to help create a secure financial future for yourself and your family. Often, this advice comes from a dedicated Financial Planner.
Getting to know Sharon
I was recently contacted by Sharon, an existing client who was going through a divorce. Although her husband Patrick had mainly dealt with Charles Stanley in the past, Sharon was keen to continue her relationship with our firm.
She didn’t want to deal with anyone else at such an uncertain time in her life.
From the start, Sharon indicated that she would be more comfortable working with a woman. I invited her to our offices so she could find out a bit more about us, which I thought would help to put her mind at ease during this particularly difficult period. Together with her Independent Financial Adviser (IFA), We had a meeting and talked about her concerns, reassuring her that we would work together to look after her best interests during the divorce process and beyond.
Going at their pace
In these types of situations, it’s important to work out which assets can be divided as part of your settlement, including insurance policies, pensions, investments and property. I know the divorce process can seem daunting, and together aim to reduce as much stress as possible by giving our clients a better understanding of their financial positions.
I’ll always go at their pace so they can take as much time as they need to discuss what they want to achieve and how I can help.
In Sharon and Patrick’s case, Sharon's Independent Financial Adviser (IFA) and I worked alongside their existing Charles Stanley investment manager, Simon Martin, to ensure we remained sensitive to both their needs.
Our main aim was to make them feel secure in the knowledge that we would handle their assets separately, but also able to consider the needs of the family and prioritise their children’s wellbeing.
Her Independent Financial Adviser (IFA) and I worked as part of a team for Sharon alongside her solicitor to ensure the process was as smooth and amicable as possible.
Although Sharon was daunted about her new financial responsibilities, she was also looking forward to a fresh start. At a time when money was probably the least of her worries, I was able to help her create an investment plan that could help give her financial security today and well into the future.
Nicola Loudon
Please note the client names in this story have been changed
About Nicola
"My favourite part of my role is helping clients make sense of complex situations and take control of their finances"
Since joining Charles Stanley Leeds in July of 2014 Nicola has worked with a diverse range of clients to ensure they take the right path when working to achieve their financial goals. She plays an active role as a committee member of the Chartered Institute for Securities & Investments and recently became a Governor of the Harrogate Ladies College.
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