1 comment on “Chartered Financial Divorce Specialist”

Chartered Financial Divorce Specialist


The Academy of Financial Divorce Specialists is pleased to announce, Dwayne Fedoriuk, has been granted the Chartered Financial Divorce Specialist (CFDS) designation following successful completion of an extensive training program, including case study examinations.

Only those with recognized designations, such as, a Certified Financial Planner (CFP), Chartered Life Underwriter (CLU) or Accountant (CPA) are permitted to earn this advanced accreditation which involves a detailed analysis of the many financial aspects of separation and divorce incorporating the use of specialized computer software.

A Chartered Financial Divorce Specialist has the expertise to provide a professional financial analysis for future lifestyle considerations.  The traditional method of equal division of assets is often unsatisfactory in its outcome.  An after-tax financial scenario displays the consequences of one’s decision, which is invaluable.  A CFDS is skilled in illustrating options for different financial situations with projections from a minimum 15 years through to retirement and beyond.

An issue of Money Planner magazine states “increasingly, financial advisors, particularly those qualified as Chartered Financial Divorce Specialists, are becoming involved in helping people through divorce.”

A CFDS can be retained directly by one or both clients and/or one or both lawyers or mediator.  A letter of engagement outlining the scope of services and cost is signed by the client(s) at the outset.  A Chartered Financial Divorce Specialist can work within litigation, collaborative or mediation process.

A Chartered Financial Divorce Specialist does not offer legal opinions or advice, but can provide valuable insight into financial matters related to divorce, such as pension plans, investments, property, insurance and budget management, etc.  The objective of a CFDS is to assist in arriving at the most adequate result after the examination of the available financial options.

Dwayne Fedoriuk, CFP, CLU, CHFC, CFDS, CHS, would be pleased to speak with you further on this topic.  He can be reached at 306-384-3321 or by email at dwayne@sageviewstrategies.com.

As well, please feel free to contact The Academy for additional information.

Linda Cartier, CFP, R.F.P., CFDS, PRP, ELP.

President – Academy of Financial Divorce Specialists

Click here to learn more about what a CFDS can do for you.


Asset Allocation is Key

What is the Modern Portfolio Theory?  Asset allocation is the process of determining how your investment portfolio should be invested among the different asset classes, based on your risk tolerance and your financial goals. It involves diversifying or spreading your investments across these asset classes in order to maximize potential returns while minimizing risk.  Simply put, it is the practice of keeping your eggs in different baskets.

Of course in financial matters we are not dealing with eggs.  Instead we are dealing with money.  And to be specific, with money we are dealing with investments in particular.  Investments come in three basic types or asset classes: Stocks, Bonds and Money Market.

There are also several Non-Core types of investments like Real Estate, Resources and other high quality private investments that exist outside of the typical public offerings.  Basically the principal of diversification says that you should have a little in each of these to diversify yourself against risk of the stock market and whatever else might happen in life.

If all your money is invested in one sector of the economy or one region of the world, your investment returns are completely tied to its performance.  By spreading your money around in investments of various kinds (for example – lower risk and high risk; short term and longer term; blue chip and smaller companies), you reduce some of your risk because gains in one area can offset losses in another.  Over the long term, markets over-all have increased in value.  This is the principle behind asset allocation.

The First Step to Asset Allocation – A Plan

Since asset allocation has such a tremendous impact on investment returns, it underlines the fact that developing an investment plan – one that is diversified, and compliments both your investment goals and personal comfort with volatility – is the vital first step in your personal investment strategy.

Once you know what you want to achieve and when, you can decide how to achieve it by selecting the investments that work for you.  Asset allocation helps you create a personalized investment portfolio that manages risk without unduly diminishing returns.  Asset allocation provides the potential for maximum returns with the level of risk you’re willing to accept.

The Efficient Frontier – The Strategic Approach to Asset Allocation

Modern portfolio theory was introduced by Dr. Harry Markowitz with his paper titled Portfolio Selection.  This paper appeared in the 1952 Journal of Finance.  Thirty-eight years later he shared the Nobel Prize in economics with Merton Miller and William Sharpe for what has become a broad theory for portfolio selection.

Prior to Markowitz’s work, investors focused on assessing the risks and rewards of individual securities in constructing their portfolios.  Standard investment advice was to identify those securities that offered the best opportunities for gain with the least risk and then construct a portfolio from these.  Following this advice, an investor might conclude that railroad stocks all offered good risk-reward characteristics and compile a portfolio entirely from these.  Intuitively, this would be foolish.

Markowitz formalized this intuition.  Detailing the mathematics of diversification he proposed that investors focus on selecting portfolios based on their overall risk-reward characteristics.  In a nutshell investors should select portfolios not individual securities.

Portfolio Selection

An investor’s choice of portfolio should be made based on the level of risk/volatility that the investor is willing to accept.  Remember that equities tend to be more volatile than either bonds or money market investment.  So the higher level of risk and volatility that you are willing to accept – the higher the level of equities that your portfolio will hold.

Diversification of your portfolio should not only consider asset class, but also other items, like market capitalization, consistent revenue, solid cash flow, consistent book value, solid dividend or distribution history, geographic regions, economic sectors, management style and investment style.  The goal is to increase your returns while at the same time minimizing or even reducing volatility relative to the underlying benchmarks.

What next? Stick to the plan!

Once you’ve made your asset allocation decisions and have selected investments that fit your plan, the majority of the hard work is done.  Instead of worrying when a particular asset class flounders, you can rest at night knowing that this volatility has already been accounted for in your investment plan.

By re-balancing the portfolio on a regular basis, asset allocation ensures that a hot investment does not take you beyond your tolerance for volatility.

How many people do you know who panic and sell their investments after they drop in value, only to buy the latest hot performer? They are buying high, and selling low – the exact opposite of what you want to do.

Asset allocation preaches time, patience, ease of management and long-term results; it is a balanced and rational approach designed to bring some order to an unpredictable economic environment.  Once implemented, the primary virtues required of the investor are the patience and discipline necessary to stick to a plan.

For more information on our Investment Planning Strategy contact our office.

0 comments on “Money is the Devil”

Money is the Devil


Can you recall an experience in your life when an individual, or a group of individuals like politicians, have either received allot of money or gain the control of others money. More money than they have ever been used to being in control of.

Does the new found control of this money seem to put them out of control.  Do they loose control.

What happens when the money is gone and the wheels fall off?

Spending the money with no control or direction on how it may affect their’s or your well being. Or your knowledge. Without control the money is quickly depleted.  All the shiny pretty stuff no longer has meaning. The spending was just a crutch. And when the money is gone the crutch is ripped away. The individual or individuals fall hard.

If it was a group of people they may fall even harder and start blaming each other. They fight and they argue.  They have a negative affect on their families and their communities.  Lawyers soon get involved so that each person can prove that the other is wrong. The lawyers take what’s left of the money, and maybe even more.

The individuals end up losing more than the money. They have lost a part of their well being. Their health deteriorates.  Their friendships and loved ones disappear.  Whether the lawyers prove them right or not the reality is they have likely lost more than the money could buy.

The most important asset of all, time, has slipped past them like a thief has broken in when they weren’t paying attention and took it away from them.  Time can never be repurchased.

Yet they focus their negative energy on the money that was lost. And then they call the money evil. Or the devil.

Some people say that money is the root of all evil. They say that if it weren’t for the money they would be happy.  The reality is that money is money. It is a thing. When people give things life, without having a way to control it, the thing begins to control you.

How do you maintain control of things?  By practicing awareness and measuring the impact that the thing has on your health and well-being.  The well-being of your family and the wisdom that is gained through the benefit of having the money, or the thing.  And how you impact the lives of others through your generosity.  That’s how you maintain control.  That’s how you keep ‘the thing’ from controlling ‘the you’.

When controlled and measured by its impact on areas of importance – the money will just be a thing. It’s impact will last indefinitely if utilized and controlled as a thing.

Money is not the devil – those who loose control of it are…