Science, Behavior, Art, and 'Nudges'

Guyton, Jonathan
February 2011
Journal of Financial Planning;Feb2011, Vol. 24 Issue 2, p30
Academic Journal
The article focuses on how financial planners affect the quality of life of the client by considering the science, behavior and art in the field of financial planning. It says that financial advisers must be aware of the client's history and relationship with money. It says that the clients perception of financial scarcity is the most harmful behavior that financial advisers have to deal with. It mentions of the use of appreciative inquiry in dealing with the problems couples. It also notes of the management of the core and discretionary portfolios of the client. It states that conversation between couples is crucial in identifying their values towards financial management, which may help financial advisers apply appropriate strategy for their situation.


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