TITLE

The Financial Planner as Decision Maker

AUTHOR(S)
Kautt, Glenn
PUB. DATE
October 2002
SOURCE
Journal of Financial Planning;Oct2002, Vol. 15 Issue 10, p96
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article focuses on decision-making strategies for financial planners. The ability and desire to make decisions attracts many to the financial services industry. That's not surprising, as exploring and exercising options are critical functions of a financial planner, arguably the most important. Making wise choices separates the merely adequate from the truly great. Those in positions of public responsibility are regularly evaluated by the quality of their judgment, often by a critical media. Decision-making is rarely a black or- white, all-or-nothing event. Yet some people in positions of considerable responsibility, such as financial planners, assume that making a decision is an event leading to a discrete choice, which takes place at a single point in time and leads to a single outcome. In some ways, this classic view parallels the use of deterministic financial planning models a discrete outcome based on a set of inputs that do not change.
ACCESSION #
7523023

 

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