Making a Difference in People's Lives...
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 consulted 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 Securities and Exchange Commission (SEC) filings and corporate 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 numerous 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 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).
Rosemary's community service activities with civic and professional organizations have been extensive and she was nominated for the Nashville Woman of Influence Award several times. She also speaks and writes frequently on a variety of financial topics and has done guest spots on radio and TV.
05/21/2018Dependent Children and Tax Benefits
The conversation regarding which parent should claim the children as dependents has changed dramatically since the recent tax reform, effective January 2018, eliminated the personal exemption. Yes, that $4,050 (in 2017) tax exemption per child is gone. Parents will not even get that exemption for themselves. This is causing extensive confusion among attorneys and clients alike. The Parenting Plan template has not been revised to reflect this and still contains an entire section dedicated to which...
12/28/2017Tax Reform Effects Upon divorce
The most significant tax reform in thirty years was signed into law December 22. With barely a week to understand how it impacts all open and future divorce cases, it became effective January 1, 2018, unless otherwise noted. Many of the provisions have sunset dates, upon which rules will revert to pre-2018, unless extended. Alimony, beginning January 1, 2019, will not be tax deductible for payer, nor taxable to the recipient. Modified orders, after that same effective date, will adhere to the...
11/09/2017Tax Overhaul Targets Alimony
Content of the Tax Cuts and Jobs Act (TCJA) was revealed last week and, as it now stands, alimony discussions will change dramatically. If approved in its current state, on this issue, going forward as of January 1, 2018, no alimony will be tax deductible for the payer, nor taxable to the recipient. This includes all alimony modifications made after January 1. All standing alimony orders will retain their current tax status for payer and recipient. The TCJA is the most sweeping tax reform proposed...