Moira Somers, a clinical neuropsychologist, professor, financial recovery expert based in Winnipeg, explains practical techniques for bringing clients back to their best and clearest thinking. She spoke at the CFP Professional Symposium in Toronto.
Chairman emphasizes the growing role behavioral economics and social media will play in IOSCO’s work
The FCA plans to use behavioural economics to enhance regulation by understanding the mistakes that clients of financial services make
Following rules of thumb can lead to bad investing decisions, says BlackRocks’ Nelli Oster
FCA wants to understand the sorts of mistakes financial consumers make, and how firms respond to these mistakes
Franklin Templeton’s “Time to Take Stock” explores three behavioural finance concepts
Emotions - not logic - drive decisions
Behavioural economists have devised techniques to help clients stick to their financial plans. Clients with vivid images of their retirement commit to more ambitious savings programs
Use these tips to encourage more objective thinking
Your role as a trusted professional is to maintain a rational view in helping your clients and to remain familiar with current events that are driving market behaviour