Despite the countless articles, research studies, and books published on behavioral
finance and its impact on financial advice, very few writings provide truly actionable
insights for how to incorporate these concepts into client relationships or the
fundamentals of investing.
It's not enough to define biases or explain to clients how they're behaving "irrationally."
It also needs to address portfolio construction. We believe it's a multi-step solution that begins with product development and culminates with the investor mindset.
We put together a guide that identifies:
- Three challenges advisors face implementing behavioral finance in their advisory practice
- How advisors need to redefine their practice and their client relationships
- Actionable solutions for how advisors can address each challenge
Other Helpful Resources:
- 4 Ways to Enhance Your Practice with Behavioral Finance
- Webinar: Be the Calm in the Storm with Behavioral Finance
- How to Address Recency Bias with Clients
- How to Manage Loss Aversion with Clients
- How Short-Term Views Fall Short for Goals-Based Investing