The CFP Board to Include the Psychology of Financial Planning in Its Certification Exam
A Plan Feature Run Wild
15th Anniversary of RPAY: Greenspring Advisors
The practice believes that since so many advisory firms are acquired by aggregators, the personal attention it offers clients will come to be viewed as a precious commodity.
Like Their Clients, Advisers Display Many Biases
Advisers are used to addressing their clients’ behavioral biases when it comes to market risks and returns, but a new white paper suggests they need to do more to understand and overcome their own mistakes.
All Age Groups Display Economic Irrationality
A new academic paper published by the TIAA Institute shows little difference in behavior among undergraduate students, young adults, middle-aged people and older subjects when it comes to rationally navigating uncertain conditions.
Digital Communication Design
Using Behavioral Finance to Boost Retirement Security
IFEBP looks at how emotional, social and cognitive factors can be used to help participants better prepare for retirement and suggests 10 ways sponsors can employ behavioral finance in their retirement plan.
Optum Offers HSA Growth with Upgraded Data Analytics
The tool groups consumers into microsegments based on characteristics and behaviors, allowing employers to then create targeted communications for HSAs.
FiduciaryFirst Revamps Website to Offer Financial Wellness
It also includes behavioral finance, educational and video sections.
MetLife and Ernst & Young Create Multi-Channel Wellness Program
The solution will focus on behavioral change by providing personalized wellness plans, according to MetLife.
Ladenburg Launches Behavioral Finance Advice Training Program
Through the Behavioral Financial Advice Training Program, Ladenburg’s Practice Management team of professional business coaches provide education and training in order to support advisers in better understanding the psychological makeup of their clients.
Finworx Launches Finworx360 to Help Advisers Assess Clients’ Risk Tolerance.
The software includes a Behavioral Risk Survey that advisers can give to retirement plan participants.
Research Questions Value of Old School Financial Education
Upon review, the correlations between financial education and improved financial behaviors is often better explained by other individual difference factors that were not measured in a given study, such as familiarity with numerical concepts, financial confidence, and willingness to take risks.