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LGBT Fiduciary Financial Advisor

LGBTQ+ people often face unique challenges when it comes to financial planning. As a fiduciary financial advisor, I help LGBT women set money aside, prepare for retirement and reach their specific financial goals.

As an LGBT woman, how do I protect my domestic partner if we decide not to get married?

How does my identity or sexual orientation affect my financial goals?

What are the specific financial challenges I might face as an LGBT woman?

If you’re part of the LGBTQ+ community, you might face unique difficulties in planning your financial future. As an LGBT friendly financial advisor, I’m here to help.

Do you feel anxious about finances?

Numerous surveys have found that LGBTQ women tend to experience more money anxiety than straight cisgender people and over a quarter of them report that their sexual identity has impacted their finances.

What’s more, while same-sex couples might make more than opposite-sex couples, this trend is only true for male same-sex couples: married LGBT women, on average, earn $9,643 less than married opposite-sex couples, and lesbian women earn on average $5,855 less than heterosexual women.

The financial issues LGBT women face are additionally exacerbated by high cost of living, workplace discrimination and unique challenges that heterosexual women don’t experience. As a result, almost a third of LGBT women report having faced a personal financial crisis such as not having enough down payment to buy a house. 

Feeling anxious about your financial future as an LGBT woman is completely normal. As your trusted financial fiduciary, I’m here to walk you through your options and relieve your money-related anxiety, while helping you achieve your financial goals.

Have you ever experienced discrimination from a financial advisor or they weren’t listening to your needs or didn’t want to work with you?

How do I manage my finances to prepare for retirement and my family’s future?

Compared to the general population, LGBTQ people have a more difficult time saving and report struggling to break bad financial habits, such as overspending. Identifying your spending triggers, such as stress or peer influence, is important for reducing overspending. However, working with a trusted LGBT-friendly financial advisor can help you better understand how to prepare for your financial future.

If you’re an LGBT woman who has been in an opposite-sex marriage before a divorce, you might be unaware you are eligible for spousal benefits and thus, missing out on an important tool in your financial planning process.

Same-sex couples also deal with unique challenges when it comes to the pursuit of a family. Starting a family as an LGBT woman can be as costly as any other financial goal but unlike owning your home, it might come with a biological clock.

As a financial advisor specializing in LGBT issues, I’m familiar with these and other struggles that might stand in the way of your dream future and I’m excited to help you achieve your financial goals.

How do I navigate the financial world as an LGBT woman?

In the majority of US states, LGBTQ people still lack legal protections when it comes to discrimination such as denying a request for a mortgage to a same-sex couple. In fact, a 2018 study found that LGBT couples were 73% more likely to be denied a mortgage compared to opposite-sex couples with a comparable financial background. What’s more, even when approved, LGBT people are charged approximately 0.2% more in fees and interest, compared to heterosexual cisgender people.

As an LGBT woman, you might be dealing with overwhelming feelings of anxiety and stress related to finances, additionally exacerbated by unique challenges and discrimination.

Whether you’re planning for a short-term or long-term financial goal, want to ensure your spouse is protected regardless of your marriage status, or want to receive the benefits for family creation and adoption you’re entitled to, I’m here to help you navigate the financial world and set up for your future.

Why Work with an LGBT-friendly financial advisor?

As an expert in LGBT financial planning, my goal is to help you uncover the hurdles you might face as a member of the community and create a safe and welcoming space to reach your financial goals. I don’t descriminate. If you feel like your sexual orientation or identity is impacting your financial planning, or want to receive professional, reliable advice from an LGBT-friendly financial advisor, you’re in the right place. 

As a financial fiduciary, I’m more than a service provider: I’m your trusted advisor, sitting next to you at the table to provide you with advice, guidance and support, tailored to your unique circumstances. 

I place emphasis on respect and transparency and my commitment to these values is reflected in the fee schedule. No hidden fees, surprise charges or complicated legal jargon. I’m here to walk you through the process and ensure you leave feeling empowered, confident and ready to take your financial future into your own hands.

As your LGBT financial advisor, my goal is to provide inclusive services, advocate in your best interest and help LGBT women, couples and families plan for long-term financial security.

 

As an LGBT woman, what are your most pressing questions?

  • How do I deal with pre-existing debt that I or my partner have to pay?
  • How do Social Security or pension survivor benefits work for same-sex couples?
  • How do I protect my employment and savings as an LGBTQ woman?
  • How is legislation impacting my LGBT financial rights?
  • How do I deal with financial challenges because of my sexual or gender identity?
  • Do spousal benefits extend to same-sex couples and how does this impact my finances?