Most advisors recognize that, when it comes to making investment decisions, a client’s emotions can derail a plan.
Equipping yourself with knowledge on behavioral finance and financial personas could be the key to a more successful approach to ensuring your clients stick to their plan.
In this episode, Laura Gregg and David Partain talk with Michael Pompian, CFA, CAIA, CFP, an author and authority on behavioral finance, about his research on the topic and his practical experience understanding how client emotions can impact your practice, your clients’ experience and their investment outcomes.
Michael discusses:
- What drove him to research behavioral finance
- The crucial distinction between investors’ cognitive and emotional biases
- Why this should matter to an advisor
- And more
Full Podcast Interview Below
Source: The Flexible Advisor
The views expressed in this podcast are subject to change based on market and other conditions. This podcast may contain certain statements that may be deemed forward looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. Any projections, market outlooks, or estimates are based upon certain assumptions and should not be construed as indicative of actual events that will occur.
No investment strategy or risk management technique can guarantee returns or eliminate risk in any market environment.
The information in this e-mail, and any attachment therein, is confidential and for use by the addressee only. If you are not the intended recipient, please return the e-mail to the sender and delete it from your computer. The findings and opinions expressed herein are the intellectual property of Sunpointe Investments and are subject to change without notice. They are not intended to convey any guarantees as to the future performance of the investment products, asset classes or capital markets discussed. Past performance does not guarantee future results. All information contained herein is for informational purposes only and should not be construed as investment advice. Information contained herein has been obtained from a range of third party sources. While the information is believed to be reliable, Sunpointe has not sought to verify it independently.