Many families will face an unanticipated event or circumstance at some point that might require a financial change of plans. For those who have a child with special needs, this change is long-term and can greatly impact a family’s financial and lifestyle goals. Having a child or children with special needs can be rewarding in many ways, but careful planning for the future is critical. Ameriprise financial advisors Michael Scott and Brendan Sheehan focus on working with clients who have a family member or members with special needs, and have witnessed the challenges that come along with it.

Michael Bonevento has been an Ameriprise financial advisor for 17 years, but the events on September 11, 2001 forever changed the way he approaches discussions about risk management with his clients. After the tragedy, he was approached by a number of families who were directly impacted and were experiencing severe financial strain as a result of their unexpected loss. This experience has led Bonevento to passionately encourage his clients to protect themselves and their families with adequate insurance as one of the most important parts of a financial plan.

Financial planning is a complex process for most people, and it can be especially so for those who live in our country temporarily on special visas. When families in these circumstances seek financial advice, they require someone who understands the intricacies of their unique situation.

 

An interest and educational background in economics and international studies helped land Rebecca Hall, a private wealth advisor with Ameriprise Financial, where she is today. Based in Washington D.C., Hall specializes in serving foreign nationals, like diplomats and employees of aid organizations. Her previous work at the World Bank helped familiarize her with the special needs of these clients, including how their residency status impacts their financial investments and taxes.