Financial Planning: Art or Science?
Good financial planning, like intelligent art, requires an understanding of science.
Second Thoughts: Making Better Decisions
When messages from a client's rational and emotional minds are contradictory, we need to arrive at a resolution that integrates them.
Double Think: Winning the Battle Over Your Clients’ Two Brains
It’s impossible to read minds, but an understanding of how people’s brains work can help you better serve clients.
This Is Your Client’s Brain on Finance
Neuroscience can help us understand which advising strategies are most likely to succeed and why the most rational plan isn’t always the most effective.
Fiduciary Rule Could Be Years Away: Industry Experts
Knut Rostad, president of the Institute for the Fiduciary Standard, told AdvisorOne on Wednesday that regulators will most likely "continue to punt" the fiduciary issue.
2012 Large-Cap SMA Manager of the Year Co-Winner: BRC Investment Management
BRC Investment Management's Large-Cap Concentrated Equity Portfolio is one of two large-cap SMA portfolios honored as a 2012 Separately Managed Account Manager of the Year.
2012 SMA Managers of the Year: Calm, Cool and Confident
The one thing seen among all of these winners? “Dividend yield,” says Gib Watson, president and CEO of Prima Capital, IA's longtime partner in choosing the annual Separately Managed Account Managers of the Year.
New Behavioral Finance Findings and Optimal Asset Allocation
A Swiss professor extends Kahneman and Tversky's research to explore how a client's aversion to loss is based on individual reference points and mental accounting, and the implications for advisors.
Can Models Create the Low Correlations That the Markets Have Lost?
The Connors Group’s Machine Advisor approach might provide an intriguing answer.
Behavioral Economics: Your Own Worst Enemy
Emotional investing, performance chasing and any other term we might use to describe investors’ penchant for harming themselves isn’t a new—or particularly insightful—concept on its face.