Improving the Adviser-Client Relationship, Part 1

Olson, Bryan; Riepe, Mark W.
December 2009
Journal of Financial Planning;Dec2009, Vol. 22 Issue 12, p28
Academic Journal
The article offers recommendations on how to improve the relationship between client and financial advisers. It discusses the concepts of behavioral finance which is associated in the development of adviser-client relationship. It notes that financial advisers has to show and communicate an understandable corporate investment philosophy and disciplined process towards their client. Advisors must avoid making overconfident information to clients. It further recommends that financial planners must have special care with clients who are prone to betrayal and optimism aversion.


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