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Pennsylvania Divorce Practice Focuses Exclusively on the Financial Issues
Firm provides advice as Divorce Attorneys struggle to help clients make important financial decisions in difficult economic times.
CHALFONT, Pa., Feb. 23, 2012 /PRNewswire/ -- PTM Wealth Management, LLC recently launched to help attorneys, mediators and divorcing individuals avoid the common financial pitfalls of divorce by offering valuable financial analysis of the pros and cons of different settlement proposals. The firm's primary focus is on helping to create a positive economic future for the parties, and on preventing long-term regret regarding financial decisions made during the process.
Marital estates and the financial issues of divorce have become more complex, and high unemployment, falling investment account values and declining home values challenge traditional settlement approaches. Because they cannot practice financial planning or offer financial advice, attorneys struggle with helping their clients make smart financial decisions in divorce. In acknowledgement of these and other challenges, the use of financial planning professionals in divorce was the subject of a joint Continuing Legal Education teleconference hosted by the American Bar Association in November 2007.
Paul T. Murray is a Certified Divorce Financial Analyst™ (CDFA™) and President of PTM Wealth Management, LLC. He is also a 2009, 2010, and 2011 Five Star Wealth Manager Award recipient and a trained mediator. He provides financial analysis and post-divorce planning expertise for mostly middle class divorces (watch Murray's Comcast Newsmakers Interview on the role of the CDFA™ in divorce). "The very high end, high asset value divorces, typically involve two armies of expensive professionals, and smaller marital estates with few assets typically do not require extensive financial analysis. Once you have resolved the parenting issues, the rest is financial," Murray offers. He defines middle class divorces as those involving total marital assets of $250,000 to $5 million.
"One of the most important issues is the financial impact of a proposed division of assets on the parties in a divorce," Murray offers. "By creating a new post-divorce budget, and by using multiple software asset analysis and financial planning platforms, we are able to model the potential outcomes of property settlements so the client, or parties, know where they'll stand financially - before they settle."
Murray, who is also a Chartered Financial Consultant® (ChFC®) and an Accredited Domestic Partnership Advisor(SM) (ADPA(SM)), spent 11 years with two major brokerage firms, providing financial planning and investment advice to divorcing individuals and other private clients. He is a member of the International Academy of Collaborative Professionals (IACP), and is a trained Interdisciplinary Collaborative Divorce Professional. Murray also provides financial analysis and planning services for domestic partnerships, pre- and post nuptial agreements, litigation and mediation, and is a creator and presenter of multiple Family Law and Divorce Financial Continuing Legal Education programs for attorneys.
PTM Wealth Management, LLC is located at 308 N. Main Street, Suite 5, Chalfont, PA 18914. The toll-free phone number is (855) PTM-WLTH (786-9584), and the fax number is (215) 839-0579. PTM Wealth Management, LLC is not a tax advisor. Securities offered through LPL Financial, member FINRA/SIPC. Investment advice offered through PTM Wealth Management, LLC, a registered investment advisor and a separate entity from LPL Financial. www.ptmwealth.com, Facebook/PTMWealthManagement, Twitter/ptmwealth, LinkedIn/paultmurray.
Contact: Rebecca Kolbe (855) 786-9584
SOURCE PTM Wealth Management, LLC
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