UNIQUE NEEDS REQUIRE SPECIALIZED KNOWLEDGE
What Special Needs Advisors Do:
Special Needs advisors provide advice on benefits, resources, potential obstacles, and next steps to help families and individuals with intellectual and/or developmental disabilities achieve their desired level(s) of independence.
Special Needs advisors typically do the following:
• Meet with clients in person to discuss their goals for independence
• Explain the types of services they provide to potential clients
• Educate clients and answer questions about when to apply and how to qualify for state & federal benefits
• Recommend next steps to clients and introduce clients to other professionals who can help clients achieve their goals
• Help clients plan for specific circumstances, such as aging out of High School, parents divorcing, guardianship vs supported decision making, Medicaid waiver services (for example self-directed vs using agencies at age 21), applying for SSI, life for the disabled child when the parent can no longer care for them
• Monitor clients’ circumstances and determine if changes/updates are needed to accommodate life changes, such as getting married or having children
• Research questions clients have of their specific circumstances
Special Needs advisors assess the needs of individuals with disabilities and their families; helping them with decisions such as:
• How care for an individual with disabilities as an adult
• Potential tax deductions (qualified disability expenses)
• How to incorporate ABLE accounts & Special Needs Trusts
• How to prepare for the loss of one or both parent/caregiver
Special Needs advisors help clients plan for short- and long-term goals, such as meeting independent living goals and funding multiple the lifestyles of multiple generations. They refer clients to resources (like attorneys, accountants, nonprofits and education advocates) based on their clients’ wants and needs. They work with financial advisors, insurance agents and accountants to manage investments, sell insurance and/or provide tax advice.
Special Needs advisors work with clients on an “as needed” basis, where they are paid for the project(s) they are hired for; or using a “retainer” model, where clients pay a monthly fee and have access at any time to an advisor to have questions answered.
Investment advice offered through Private Advisor Group, a registered investment advisor. Private Advisor Group and Planning Across the Spectrum are separate entities from LPL Financial
The LPL Financial representative associated with this website may discuss and/or transact securities business only with residents of the following states: CA, CT, FL, MA, NY, PA, SC, VA, VT