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Why does a gay or lesbian couple need an independent adviser? Is the general financial advice meted out to the rest of the people not good enough for them? How can an independent financial planner for the LGBT community be better than a general financial advisory firm? The answers to these questions are not difficult to answer. First of all, a gay or lesbian couple or individual requires an independent financial adviser because the law regarding their status and their rights are changing and they might not know the full implications of the laws. Secondly, issues regarding the income of gay and lesbian couples and how they spend their money are different from other people and they need to understand and plan for their future in a different way and an individual financial planner would be able to help in a much better way. Much research has been done on the LGBT community and it has been summarily proved through many studies that gay men and lesbian women in developed countries are more educated than others. Naturally, they get better jobs and have better income. Also since there is no encumbrance of children there is more money available to expend as well as save or invest. An independent financial adviser or independent financial planner can thus help in managing their money in a much better way and wise investments can be made to secure the life of these couples. An individual financial adviser from the community can also understand and empathize with the individual problems of the gay or lesbian couples which could be different from the problems faced by others in society and know the legal ways to deal with these problems. An individual financial planner can plan and secure the future of a gay or lesbian couple or individual also in a much better way. As the world is becoming a better and fairer place for the LGBT community to live with better acceptance from society and governments of countries creating and modifying laws to include the LGBT community in the mainstream of society and to give them a fairer deal as far as their status is concerned, the community is also able to give back a sizeable positive contribution to society and helping in increasing the prosperity of the country, the role of an independent adviser is becoming better defined in our progressive society and an independent financial planner becomes more relevant to the community. Williams Roy is the author of this article. For further detail about independent financial planner and Independent financial adviser Please visit the website.
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