In this series designed especially by and for financial planners, FPA has partnered with the Financial Therapy Association to offer education that will help practitioners effectively work with clients through the most commonly identified life changing situations. Created by a financial therapy experts and financial planners, the series focuses on three different emotional events, detailing researched therapeutic techniques and case studies that any financial planner can use immediately in their practice. 



Course Information
Course Date:
January 21, 2020
Course Objectives
  • Explain the unique financial planning needs that arise due to Alzheimer's Disease.
  • Identify communication techniques for discussing estate planning and long term care while staying sensitive to potential emotions that may arise.
  • Summarize the process financial planners can take clients through in order to build client self-efficacy and support clients in having positive experiences when discussing money with their adult children.
  • Define how to use motivational interviewing to help “stuck” clients find solutions to their own difficult situations.
  • Discover introductory skills to managing financial conflict between partners in session.
  • Discuss effects of financial infidelity on couple dynamics and its impact on the financial planning process.
Difficult Conversations 1: Later-in-Life Planning

In part I of the series,  Shelitha Smodic, CFP, and Megan McCoy, Ph.D., LMFT explore common issues that arise in later-in-life financial planning and discuss how financial therapy could aid financial planners in supporting their clients during difficult conversations associated with the concept of ambiguous loss. To demonstrate how financial therapy can support planners, Smodic and McCoy will conduct a mock financial planning session between a financial planner and a couple where one partner was recently diagnosed with Alzheimer’s Disease, which is related to the concept of ambiguous loss. They will describe the theoretical approach the financial planner is utilizing with the client to aid the audience’s understanding of how to use financial therapy with their clients.

Speaker Information
Megan McCoy, Ph.D., LMFT  [ view bio ]
Shelitha Smodic, CFP  [ view bio ]
Difficult Conversations 2: Encouraging (Not Enabling) Adult Children Towards Independence

Giving becomes hurtful financial enabling when clients support their adult children to the detriment of their retirement plans, the relationship between the parent and adult child, or the esteem of the adult child. The most common forms of hurtful and helpful giving are college funding, loans, and ongoing financial support. In part 2 of this series,  Sarah Swantner, MS, CFP, NCC, and Rick Kahler, MSFP, CFP, as they describe how to use financial therapy techniques and practices in unison with financial planning tools and practices to support clients in having difficult financial conversations with adult children. Swantner and Kahler will identify how to manage financial expectations, address financial enabling, and how to support and foster healthy financial decisions before “serious” potential problems arise.

Speaker Information
Rick Kahler, MSFP, CFP  [ view bio ]
Sarah E. Swantner, MS, CFP, NCC  [ view bio ]
Difficult Conversations 3: Couples Dealing with Financial Infidelity

Financial planners are faced with a multitude of difficult conversations or situations with their clients. In the third of this series on this topic, Nathan Astle and Megan McCoy, Ph.D., LMFT, will discuss the challenges financial planners face when dealing with a couple’s financial infidelity or when one client shares a secret they cannot share with their partner. A recent article in the Journal of Financial Therapy highlights the rates of financial infidelity in this country with 27 percent of couples admitting to keeping a financial secret from their partner, and 53 percent of couples reporting behaviors associated with financial infidelity. In part three of the Difficult Conversations Program Series, participants will develop introductory skills for managing couples in conflict and will know how and when to refer to a financial therapist for additional support.  

Speaker Information
Nathan Astle  [ view bio ]
Megan McCoy, Ph.D., LMFT  [ view bio ]
Individual topic purchase: Selected
Financial Planning Association
CFP CE: 2.50
FPA Member Price:$49.00
Non-Member Price:$69.00