Stella Network relaunches with divorce advice | Australian Markets

The Stella Network, a group connecting ladies throughout financial companies, has relaunched with a new collection of webinars designed for financial advisers to improve their supply of tailor-made options for ladies going by means of divorce.

The webinars come because the latest information from the Australian Bureau of Statistics (ABS) confirms that whereas the quantity of divorces granted declined by three per cent in 2024, the median age at divorce has elevated for each women and men to 47.1 years and 44.1 years, respectively.

Further analysis from Australian Seniors additionally indicated that ‘grey divorces’ had been steadily rising, with roughly one-third of divorces now occurring after the age of 50.

Stella Network chief govt, Julia Newbould, mentioned the trends showcase a growing discrepancy between ladies’s preparedness within the occasion of divorce in comparison with males, as a result of normal financial dependence on companions, profession interruptions, child-care obligations and total decrease incomes.

Newbould mentioned financial advice is essential for this cohort to navigate their wealth post-divorce, with the webinars offering an alternative for advisers to improve their abilities and higher help shoppers in any respect potential life levels.

“It’s vitally important for financial advisers and different professionals to have a wider understanding of what divorce means for a couple and for the outcomes they search. This means having a community past advice and into the law, accounting and different professions.

“Networks play a vital role in ensuring women have access to the information and collaboration they need to source the best advice for their circumstances.”

The four-part divorce webinar collection hosted by the Stella Network will carry collectively experience from numerous sectors together with financial advice, legal, mediation, broking and accounting, to offer a holistic view of the options that may higher service ladies going by means of divorce.

“There is little doubt that having a financial planner is the secret to avoiding divorce and can bring a couple headed for divorce back to the table,” Divorce coach and webinar participant, Dominique Bergel-Grant, mentioned.

“However, this only works if as finance professionals, we understand the role we play in how couples discuss money, make financial decisions and are willing to have tough conversations around financial control.”

The first webinar is scheduled to happen online on Wednesday 27 August.