David Typermass, CDFA®, CFA®
My Mission Statement
David Typermass is a financial advisor who focuses on divorce financial planning
As a Certified Divorce Financial Analyst® (and former practicing family law attorney) David uses his knowledge and experience of the divorce process to help his clients navigate the financial issues they encounter during their divorce.
He provides each client with a customized financial plan and personalized investment strategy to help them achieve financial independence and realize their post-divorce life goals. Once the plan is implemented David works closely with his clients to provide them with a broad array of financial services including the active management of their investments and monitoring of their financial plan.
Knowing how stressful life changing events can be, David begins each relationship making sure that he fully understands his client's individual needs and hears their concerns. He works closely with his client's attorneys, CPAs and other advisors so he is fully informed and can provide holistic solutions to his client's unique problems.
A graduate of Stanford University and Cornell Law School, David worked as a divorce attorney and financial analyst for over 15 years before joining Morgan Stanley in 2016.
He became a CFA® charterholder in 1999, is a member of the Boston Estate Planning Council, and a non-practicing member of the Boston Bar Association, the New York Bar Association, and the State Bar of California.
NMLS#: 1554856
Events
Resources
Although divorce is seldom easy, you can prepare for it. Being prepared will help you feel more in control and better equipped to make informed, confident decisions about your financial future.
Among the many emotional and practical difficulties you must address as a divorcing couple are the needs to re-establish separate bank and investment accounts, change your estate plans and insurance polies, and divide your assets and liabilities. A broad range factors may influence how, and how easily all of this can be done.
In this article published in the Boston Bar Association's Family Law Newsletter, David outlines the benefits of building a financial plan and working with a financial advisor during a divorce. He explains how getting a financial advisor involved early in the process can help clients better evaluate their options for settlement and negotiation purposes.
In this article published in the Boston Bar Association's Family Law Newsletter, David highlights issues to consider when working with clients that have complex executive compensation benefits such as employee stock awards and carried interest.
The more you know and the better you understand your options, the more likely you are to make sound financial decisions that will help steady you in a difficult time and prepare the way for greater financial security and flexibility in the future.
Navigating the division of assets in a divorce can be a long and difficult process. Learn how to avoid mistakes and plan for your future.
Working With Me
When working with my clients I follow a process designed to be comprehensive.
I start with a series of in-depth discovery meetings gathering financial information and discussing my client's questions, concerns, risk tolerance and financial goals. I work with them to analyze their income and expenses to help them optimize their cash flows.
I also coordinate with their other advisors (attorneys, CPAs, etc.) to provide thoughtful solutions that take into consideration any related legal or tax issues. Through this process I gain a deeper understanding of my clients so that I can build them a truly personalized wealth plan.
When the first draft of their plan is complete, we sit down to review it and run through various "what if" scenarios. We analyze how the plan outcomes could change using different assumptions (different rates of return, asset mixes, spend rates, etc.). Running through these scenarios our clients gain a better understanding of their finances and can more clearly articulate what they want and together we set down achievable goals.
Next, we use the plan to build our client's a customized investment strategy, with account specific portfolio recommendations, designed to cover their needs and attain the goals we've laid out in their plan.
Next, we get to work implementing the plan, opening accounts, and transferring assets. Throughout the year my clients receive ongoing financial planning advice and active investment management. They also have unfettered access to me, my team, and the extended professionals that support us at Morgan Stanley. Our clients receive the personalized attention akin to a family office along with the vast resources and services available at Morgan Stanley.
I strive to be my client's first point of contact whenever a financial issue or question arises and work with them through life events. During the year we routinely meet or talk about portfolio adjustments or performance, plan updates and new savings, lending, or investment opportunities.
Awards & Certifications
While much has changed since the firm was founded more than 85 years ago, the quality of service, personal attention, and customized solutions we provide to our clients has remained steadfast. It is a privilege to work with you toward the financial future you envision.
Since 1993, the CDFA® has been the most established and recognized designation in financial planning for divorce. CDFAs are required to have several years of relevant experience and pass an exam designed by the Institute for Divorce Financial Analysts (IDFA) to receive the designation. A CDFA uses their knowledge of tax law, asset distribution, and financial planning to provide in-depth financial analysis and advice to attorneys, clients and divorcing couples relating to divorce.
The use of the CDFA designation does not permit the rendering of legal advice by Morgan Stanley or its Financial Advisors which may only be done by a licensed attorney. The CDFA designation is not intended to imply that either Morgan Stanley or its Financial Advisors are acting as experts in this field.
The Chartered Financial Analyst (CFA®) credential sets the standard as the most highly respected designation in the investment management profession. The charter gives a strong understanding of advanced investment analysis and real-world portfolio management skills.
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