Robert Henderson

Robert Henderson CDFA

Robert is a Financial Advisor. He helps clients achieve financial independence, build, manage, and preserve wealth and develop a plan for retirement.

About Robert

“Independent Financial Planner / Investment Advisor. Specializes in retirement planning and the unique needs of divorcees”

Lansdowne Wealth Management, LLC ("LWM") is an independent wealth management firm based in Mystic, Connecticut that offers financial retirement strategies backed by education, knowledge, and experience that are supported by proven industry research. Our clients depend on us to provide personalized, thoughtful service and advice. As a fee-only Registered Investment Advisor, we present you with objective, independent guidance for achieving your goals. Successful individuals and families in southeastern Connecticut, Rhode Island and throughout the United States rely on us to guide the way so they can be confident in their futures.Our goal is to provide our clients with the most complete Asset and Wealth Management services available. From the very beginning, our objective is to provide individual investors with the same level of sophisticated management as institutional investors. We are proud to say that the services our clients receive rival that of large institutions. In addition to providing portfolio management services, we also provide our clients with the opportunity to access our comprehensive Financial Planning and Wealth Management services. Robert C. Henderson is the President and Advisor at LWM. Prior to founding the firm, Mr. Henderson was a financial advisor with a nationally recognized brokerage firm. His previous experience included numerous senior corporate financial positions, including Director of Finance and Accounting and Controller positions. Mr. Henderson holds a BS degree in Accounting from Bentley University, earned the Accredited Asset Management Specialist (AAMS) designation from the College for Financial Planning, and is a Certified Divorce Financial Analyst (CDFA).

Education

BS, Accounting, Bentley University

Certifications

Designations

Registrations

Individual CRD #5089860

Certified Divorce Financial Analyst (CDFA) is a designation issued by the The Institute for Divorce Financial Analysts

Educational/Exam Requirements:

  • Self-study course consisting of four modules
  • Modules 1-3 end with multiple choice exams, module four concludes with a case-study exam

Prerequisites/Experience Requirements:

  • Three years of experience as a financial professional, accountant, or matrimonial lawyer

Public Disciplinary Process? Yes

Continuing Education Requirements: 15 divorce-specific hours every two years

Insurance License:

CT #002266283

Typical Clients

Divorcing couples Engineers/scientists People near retirement

How I Can Help

Personal Finance Retirement Investing

Fee Structure

Fee-only Hourly Other Asset-based Commissions Contingency
Learn more about how advisors are paid in our Guide to Advisor Compensation.

Contact:

Phone: (860) 245-2719 Address: 31 Willow St, 2nd floor
Mystic, CT 06355
bhenderson@lwmwealth.com

Robert has answered 46 questions

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Robert Henderson
Answer added by Robert Henderson | 320 views
2 out of 2 found this helpful

It is difficult to give a blanket answer to this question, as the laws vary from state to state (primarily

more »

It is difficult to give a blanket answer to this question, as the laws vary from state to state (primarily community property vs. equitable distribution state), judges have tremendous latitude in how assets are distributed, and depending on your specific financial situation, consideration of children, and what method of divorce you chose (mediation, collaboration, traditional, etc.), the outcomes can be significantly different.

I would recommend two things:

1. Consult with a Certified Divorce Financial Analyst that can help you understand how various financial outcomes may affect your financial future. CDFA's are particularly skilled as it relates to divorce situations.

2. Consult with an attorney who's concentration is family/divorce law. They can help you understand what the potential outcomes may be.

I would recommend getting educated on divorce, but to NOT rely on articles, stories, friend & family input, etc. as gospel. Every divorce that occurs is unique, and sometimes deals are struck between parties that are specific to their circumstances...circumstances which may be VERY different than your own.

Best of luck.

Robert Henderson
Answer added by Robert Henderson | 452 views
2 out of 2 found this helpful

In addition to the great advice below, keep in mind that depending on the amount and type of assets outside

more »

In addition to the great advice below, keep in mind that depending on the amount and type of assets outside of your retirement plans, it might make sense to seek some of those assets in your divorce. Remember, all withdrawals from retirements plans are subject to ordinary income taxes. So if you keep all of the retirement assets and your ex-spouse receives non-retirement assets, you are limiting your tax flexibility in retirement (if this is an fact an issue in your case).

Robert Henderson
Answer added by Robert Henderson | 270 views
2 out of 2 found this helpful

Without more information to go on, I would say that you need to start by evaluating your current situation.

more »

Without more information to go on, I would say that you need to start by evaluating your current situation. If you don't already have copies of your credit report, go to a site like annualcreditreport.com. Take a look at what it shows. First, make sure it is accurate, and that you are aware of all of the open credit you have.

While it is generally not a good idea to close down credit accounts (it can negatively affect your credit, as it may remove some long-term positive credit history), you also don't want to carry an excessive number of credit cards. If you have 3 or 4 credit cards, I would leave them open and at least use them periodically. If you have 9 or 10, you might consider strategically closing some of them. 

You also want to make sure you are not maxing out any of your cards. This can have a negative impact on credit.

Since you said that you want to re-establish credit, I am thinking that maybe you don't have a lot of credit in your name. If that is the case, consider opening a credit card, and using it for routine monthly expenses like gas, groceries, etc. (Paying close attention to not running up revolving debt that you can't pay off each month).

I am not a huge fan of opening credit for the simple sake of building credit (although when you are young and never had credit before, it's almost necessary in order to build SOME credit history). But if you are a disciplined person, paying close attention to how much you are using on each form of credit is important (ie. using small amounts and not maxing out any cards).

Robert Henderson
Answer added by Robert Henderson | 82 views
2 out of 2 found this helpful

Look at it this way...while saving for a house is a valuable goal, and there are some financial incentives

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Look at it this way...while saving for a house is a valuable goal, and there are some financial incentives to buying a house (equity build, possible tax savings), it will actually end up costing you MORE in the long run by continuing to maintain high-interest, non-deductible debt.

While you ultimately have to make the decision for yourself, I would always recommend to my clients that they extinguish revolving CC debt prior to buying a house.

In addition, I would not recommend using ALL of the funds to extinguish debt. You still need to maintain a cushion. 

But economically, it makes no sense to be saving/investing, while taking those earnings and paying them out the other end in the form of interest payments.

My recommendation would be to come up with a plan for when you would like to pay off your credit cards by, and map out a schedule of how much to pull from current earned income, as well as from savings/investments to get you there.

Robert Henderson
Answer added by Robert Henderson | 4065 views
3 out of 4 found this helpful

I have always been a fan of paying down debt first, especially in our current interest rate environment.

more »

I have always been a fan of paying down debt first, especially in our current interest rate environment. Just think about it for a moment. For every dollar you pay off in debt, you earn a rate of return equal to the interest rate on that debt.

Having said that, it's also important not to completely drain your savings. It's important to keep SOME level of savings, and also have a credit card to fall back on in an emergency.

If possible, I would leave your savings where it is, and take any excess income you have to increase your debt payments.

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