In return for a retainer of £100 a month, adviser Bhupinder Anand helps manage the financial side of an acrimonious relationship between divorcees. He explains...
One good client of ours pays us a client retainer fee of £100 a month to speak to his ex wife. We are in effect working as ‘relationship mediators' as the pair do not get on at all. They had three children when married and, although married for some time, they divorced acrimoniously four or five years ago. Shortly after the divorce, this client approached me and explained that although he couldn't deal with his ex-wife, managing the relationship was a necessary part of managing his finances. As such we agreed that whenever issues of money arose, she must deal with us rather than ap...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
