Rosemary Frank

CDFA/ADFA, CFE, MAFF
Personal Finance, Retirement, Lifestage Based Planning
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“Rosemary Frank is a fee-only Financial Advisor who provides financial education and guidance with a strong focus on personal crisis: divorce, death of a loved one, and job loss.”
Firm:

Rosemary Frank Financial, LLC

Job Title:

Managing Member

Biography:

Rosemary Frank is the Principal of Rosemary Frank Financial, LLC, a fee-only Registered Investment Adviser. As such, she provides services in the areas of wealth management, divorce financial consulting, and other attorney support services. Bound by the fiduciary standard, she always puts the client's best interests ahead of all other considerations.

Her wealth management services are dedicated to helping individuals and families understand how money really works. A large part of her practice is focused on meeting the needs of women with attention to the specific challenges they face. She provides both financial education and guidance throughout all stages of life, but particularly following divorce, death of a loved one, or job loss. These can be extremely difficult times when the special patience and understanding she provides are appreciated.

As a divorce financial practitioner, Rosemary has worked on hundreds of divorce cases providing litigation support, expert witness testimony, or financial neutral consultant services. She has extensive experience with high net worth situations as well as highly contested divorce. Rosemary has emerged as one of the leading divorce financial practitioners in the country and regularly contributes to the development and refinement of professional procedures, protocols, and advanced thinking at a national level.

In addition to divorce-related attorney support, Rosemary is able to provide investment advisory services which are in support of and complementary to legal services in the areas of estate planning, business protection, litigation award management, inheritance management, and trust fund management. She is also an approved provider of Continuing Legal Education (CLE) on financial topics.

Prior to her career in financial services, Rosemary held a number of management and executive positions in the corporate environment. During her corporate tenure, she completed extensive business research and opportunity evaluations for a number of publicly traded firms in a variety of manufacturing and service industries. The focus of this work was on markets for new products/services and/or new geographies, new adaptations and uses for existing products, and merger and acquisition analyses. She also managed a host of ongoing activities to monitor the respective industry trends of key customer/client clusters. She regularly prepared critical presentation content for C-suite executives to deliver to public, professional, and investor audiences, as well as market and business outlook discussions for inclusion in SEC filings and annual reports.

Rosemary received her B.S. degree from Rochester Institute of Technology and was awarded an MBA by the University at Buffalo, State University of New York. She holds the designations of Certified Divorce Financial Analyst (CDFA), Advanced Divorce Financial Analyst (ADFA), Certified Fraud Examiner (CFE) and Master Analyst in Financial Forensics (MAFF). She is also a TN State Supreme Court Listed Rule 31 Family Law Mediator, specially trained in domestic violence. As an educator, she has authored several Continuing Legal Education (CLE) courses, on the financial and tax issues of divorce, which have been approved for credits by the TN Commission on Continuing Legal Education for attorneys and the TN Alternative Dispute Resolution Commission for mediators. In addition, she previously held an active General Securities licenses as well as a General Securities Principal (supervisory) license for a number of years before transitioning to the fee-only advisory service model. Most recently, she was approved as an Arbitrator, for securities transactions disputes, by the Financial Industry Regulatory Authority (FINRA).

Education:

BS, Business, Rochester Institute of Technology
MBA, Business Administration, University at Buffalo, State University of New York

Assets Under Management:

$2 million

Fee Structure:

Fee-Only

CRD Number:

4787101

Insurance License:

#817517

Disclaimer:

Rosemary Frank Financial, LLC is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial advisor and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance. Rosemary Frank is not an attorney and does not provide legal advice.

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4 weeks ago
    Choosing an Advisor, Marriage / Divorce

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    Career / Compensation, Financial Planning, Investing, Real Estate
What kind of financial obstacles should I be aware of by quitting my corporate job to pursue being a DJ full-time?
100% of people found this answer helpful

I'm going to encourage you to ease into the business. Although it seems like your financial condition is good, I'm concerned about your youthfulness and glad you are asking about obstacles. This seems like a busineess that you could start on a part time basis, begin to develop a good reputation and following, and learn what is involved in running a business solo. Research your local governments, state, county, city, for business regulations, registration and licensing requirements and fees/taxes. Develop a business plan that will include complete revenue and expense projections. Key, will be your marketing plan. How will you get business? Marketing and advertising can be a real money pit frought with optomism that the next $1,000 you spend will bring the world to your doorstep, or webpage. Of which, what will it cost to develop and maintain a webpage that can compete with search engine optomization? These days, if you do not have a webpage, you are not in business. Do you want to pay a graphic designer for a professional logo and brand identity. The graphics that you see on webpages are a combination of your graphic designer's concepts and the tech programming. How will you transport your equipment? Will you need to get a vehicle? Best if you have an attorney work with you on contracts for clients to sign. All terms of engagement need to be clear as well as protect you from liability. Disagreeemnets over terms may lead to nonpayment, poor reputation or worse. No matter how careful you are, things happen. A fool could trip over your equipment and say it was your fault. You will need liability insurance and find out what kind of insurance the venues require for you to be on their premises. I also suggest you make fast friends with others in your business. They are not competitors, they are colleagues. They, more than I can speak specifically regarding your industry. Do you need any licensing rights to play music? You are making money with other peoples' music. Look for some local agencies that have workshops for new businesses, mentors, etc. Smal Business Administration for sure and many cities have local entrepreneurial think tanks. Your Business Journal may be able to identify them for you. 

Since weddings or other social events are a prime market, this could easily start as a weekend/evenings business until you learn what you are up against. I do not think it is a good idea to quit a well paying job to start a business from ground zero. The world is not waiting for you to become available. You will need to get out there and create demand for your services which takes a long time. It can also be very lonely to be a solo entrepreneur. Be sure your personality fits. The biggest financial obstacle is no revenue coming in. Another way to learn the workings of the business is to work evenings/weekends for an events company before even embarking on your own.

When you are in business, you have two full time jobs. One is doing what you do, being a DJ. The second is that of business manager, negotiator, marketer, networker, accountant, administrator, writer, computer tech, and gofer (go f'r this, go f'r that). But it is all worth it if you enjoy what you are doing. Good Luck.

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