Helping LGBT clients identify their financial goals
Lesbian, gay, bisexual and transgender rights have advanced substantially in recent years, particularly following the Supreme Court's decision in favor of marriage equality. But, when it comes to financial planning, LGBT clients are still lagging behind the general population.
Many LGBT individuals have put too few assets aside for retirement, and in some cases have done no retirement planning at all, according to a recent study by Prudential Financial. Worse, young LGBT clients aren't even sure how best to get started, the study says.
Advisers can bridge the gap, but will need a better understanding of the financial health, priorities and aspirations of LGBT clients in order to do so.
Click through our slideshow to learn more about their unique needs.