Episode description
Tune in to hear:
- How does Dr. Koochel define financial wellness, how did she arrive at this definition and what practical difference does this make in her work?
- What are three actionable steps advisors can take to incorporate financial wellness into their planning conversations?
- How can advisors point out inconsistencies between someone’s professed values and their actions while remaining empathetic and thoughtful about how they communicate this?
- What is the role of financial psychology in meeting the demand for personalization and what do some of these solutions look like?
- What are some of the road blocks to implementing financial psychology in practice?
- Some people just want an old school advisor who is a subject matter expert and who simply allocates their assets effectively. What does personalization look like for this client and do we have a duty to sell them on the BeFi side of things?
- Should BeFi approaches be embedded in one’s advisory practice in a subtle way or should firms advertise this feature directly?
- How can financial advisors better serve their clients during big life transitions beyond simply reaching a numeric investment goal?
https://www.linkedin.com/in/emilykoochel
Compliance Code: 0409-OAS-2/10/2023
Copy: 0356-OAS-2/7/2023