What holds back same-sex couples with good incomes from working with financial planners? Conflicting chemistry may be a concern, suggested planner Sharon Rich, president of Womoney in Belmont, Massachusetts. But a key factor, she pointed out, could be that they’re “looking for someone who understands that they may face complex issues, such as their state’s position on same-sex marriage, the reactions of their families of origin or workplace biases.”
Education on issues affecting lesbian, gay, bisexual and transgendered (LGBT) and other nontraditional clients is currently part of Certified Financial Planner certification, which includes “financial planning for special circumstances” and “estate planning for nontraditional relationships” among its learning objectives.