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By Paul Vorstadt

Toronto, Canada, resident Paul Vorstadt is a Portfolio Manager at National Bank Financial. He is a financial expert with a long history in the financial planning industry. Paul Vorstady is also a Certified Divorce Financial Analyst (CDFA) through the Institute for Divorce Financial Analysts.

A CDFA is a trained professional with a credentialed ability to provide a range of important financial services to those going through divorce. Financial experts are not always the first people that people who are going through a divorce think of hiring, but a CDFA can assist with a number of important aspects of what can be an expensive and stressful process.

On a general level, a CDFA consults with clients and their attorneys about the financial issues that often accompany divorce proceedings. A CDFA will usually provide litigation support for the attorney, when necessary, in the form of expert advice and specialized financial knowledge. The CDFA may also appear directly in court as an expert witness. CDFAs provide detailed analyses of divorce settlements. In addition, a CDFA thoroughly interviews clients to understand their needs and draw up data that will help them plan for everything from retirement to college funds for their children. By hiring a CDFA, people who are dealing with divorce improve their understanding of its financial implications and become better-equipped to navigate its money-related proceedings.

© NATIONAL BANK FINANCIAL. All rights reserved 2013 – 2017.
National Bank Financial is an indirect wholly-owned subsidiary of National Bank of Canada. The National Bank of Canada is a public company listed on the Toronto Stock Exchange (NA: TSX).

Products and services of the National Bank Financial — Wealth Management are only offered in jurisdictions where they may be lawfully offered for sale. All products and services are subject to the terms of the applicable agreement. The information in this Website is subject to change without notice. This communication does not constitute an offer or solicitation by anyone in any jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors who are not resident in Canada should consult with their financial adviser to determine if these securities may lawfully be sold in their jurisdiction.

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According to Paul Vorstadt, planning is a key component to wealth management and wealth preservation. Whether it is newfound wealth from an inheritance, or some other windfall, it is important to find a financial planner to assist you in reaching your financial goals.

When you have found a financial planner, work with him or her to determine needs, goals, and expectations. Situations such as small business ownership and retirement expectations need to be analyzed in order to find the best way for you to manage and preserve your wealth. It is also important to explore multiple scenarios to protect your nest egg should any unexpected situations arise, such as health issues or extreme market fluctuations.

Paul Vorstadt has extensive career experience in the investment management industry. Since 2011, he has worked as Vice President and Portfolio Manager at Dundee Securities Ltd. in Toronto. He specializes in retirement planning, wealth preservation, and assisting his clients with achieving financial independence.

© NATIONAL BANK FINANCIAL. All rights reserved 2013 – 2017.
National Bank Financial is an indirect wholly-owned subsidiary of National Bank of Canada. The National Bank of Canada is a public company listed on the Toronto Stock Exchange (NA: TSX).

Products and services of the National Bank Financial — Wealth Management are only offered in jurisdictions where they may be lawfully offered for sale. All products and services are subject to the terms of the applicable agreement. The information in this Website is subject to change without notice. This communication does not constitute an offer or solicitation by anyone in any jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors who are not resident in Canada should consult with their financial adviser to determine if these securities may lawfully be sold in their jurisdiction.

A wealth planner of nearly two decades, Paul Vorstadt presently works as a  Portfolio Manager at the full-service investment company Dundee Securities Ltd. in Toronto. Mr. Vorstadt contributed to the following article. As one of the more senior credentials that financial service professionals in Canada can earn, a Fellow of the Canadian Securities Institute (FCSI) designation identifies individuals dedicated to advancing their skills in the financial field and committed to meeting some of the highest industry standards in ethical conduct. As such, the qualifications to receive FCSI include thorough assessments of education, experience, and ethics, as well as pledges to maintain fellowship status through regular industry involvement. Examples of industry involvement include speaking engagements, professional mentoring, and contributions to publications and the academic sector. Before an individual may receive FCSI, they must have worked in the financial services field for at least seven of the past 10 years. They also must already hold one of 11 professional designations, such as Personal Financial Planner (PFP), Chartered Investment Manager (CIM), or Financial Management Advisor (FMA). Additionally, they need to complete two classes from a list of eligible courses offered by the Canadian Securities Institute, as well as a class titled Understanding Financial Services Integration. Lastly, they must provide endorsements from a direct supervisor and a sponsor and currently practicing FCSI.

© NATIONAL BANK FINANCIAL. All rights reserved 2013 – 2017.
National Bank Financial is an indirect wholly-owned subsidiary of National Bank of Canada. The National Bank of Canada is a public company listed on the Toronto Stock Exchange (NA: TSX).

Products and services of the National Bank Financial — Wealth Management are only offered in jurisdictions where they may be lawfully offered for sale. All products and services are subject to the terms of the applicable agreement. The information in this Website is subject to change without notice. This communication does not constitute an offer or solicitation by anyone in any jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors who are not resident in Canada should consult with their financial adviser to determine if these securities may lawfully be sold in their jurisdiction.

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