Advisor Nancy Hetrick helps couples financially navigate marriage split-ups.
After going through a contentious and costly divorce, Nancy Hetrick was driven to improve the process for others. “I have yet to see any couple go through the litigation process and not come out feeling bitter, punished, and resentful. Nobody ever wins in a litigated case,” Hetrick says.
She founded Phoenix-based Smarter Divorce Solutions in 2011, after 12 years of serving clients at Charles Schwab.
Smarter Divorce Solutions conducts in-depth analysis, planning, and settlement negotiation for people in the midst of a split-up. Hetrick also manages assets through Houston-headquartered Clarity Financial, a Registered Investment Advisor.
Through her own experience, Hetrick learned that many attorneys are not equipped to oversee the financial aspects of divorce.
“Unfortunately, family law attorneys will make more money the more they encourage you to fight. It creates an inherent potential conflict of interest. I saw families just destroyed,” she says.
Hetrick serves as a neutral advisor, helping clients structure settlements to maximize the financial outcome for both parties. In addition to her own experience, economic conditions in Phoenix contributed to the development of the company’s focus. The city was hit especially hard in the housing-market collapse.
“I inadvertently became quite the expert on creative settlements of the primary home. Because so many people wanted to get divorced and they’re underwater on their homes, they don’t know how to handle that,” she says.
“If they litigate, or even if they mediate, they have two choices: One person keeps it and refinances, or they sell it. Well, guess what? There are about four other things you could do in that situation. I help people figure that out,” she says.