Karl Frank CFP® and Stacey Frank from A&I Financial Services, contributed to a research report from the University of California, San Diego, Rady School of Business, Brandes Institute. The report finds that couples are at risk of divorce if they have different attitudes about financial risk. To reduce stress and stay married, the report recommends conversations with a trained certified financial planner.
“Sometimes, clients don’t want to answer questions about their financial risk,” says Karl Frank CFP®. The research shows that couples who have the most dissimilar risk attitudes are twice as likely to divorce, compared to couples with the most similar preferences.
But what about relationships that do not end in divorce? How are couples with different risk attitudes able to stay together? Communication is the key. Opposites attract, and couples with different financial risk attitudes may offset each other.
“Like mixing an investment portfolio with both bonds and stocks,” says Karl Frank CFP®. “Couples who can navigate conversations about how much risk to take, and talk with each other are more likely to successfully navigate their financial relationship.”
The report recommends that couples seek professional help to learn how to have these conversations. A certified financial planner can provide guidance on money management and investments, which can help reduce stress in a relationship.
For more information about the study, or to schedule an appointment with Karl Frank CFP® or Stacey Frank, please call A&I Financial Services at (303) 690-5070.
About Karl Frank CFP®
Karl Frank CFP® is a Certified Financial Planner™ and the founder of A&I Financial Services. He has over 18 years of experience in the financial services industry, and has been quoted in The Wall Street Journal, Bloomberg, and Reuters. Karl Frank CFP® specializes in helping couples with different financial risk attitudes navigate their finances, and stay married.
About A&I Financial Services
A&I Financial Services is a fee-only financial planning and investment management firm located in Denver, CO. The firm provides comprehensive financial planning and investment management services to individuals and couples. A&I Financial Services was founded in 1986, and has been quoted in The Wall Street Journal, Bloomberg, and Reuters. Investment advisory services offered through A & I Financial Services LLC, registered investment advisor. Securities provided through Geneos Wealth Management Inc., member FINRA, SIPC.
Company Name: A&I Financial Services LLC
Contact Person: K. Frank
Email: Send Email
Phone: +1 303-690-5070
Country: United States