Robert F. Keane’s cover story this month explores how the science of behavioral finance can be applied to investment advice. In the November 1999 cover story, then-managing editor (and current editor) Jamie Green explored a movement in the profession that was just coming of age. Called “Nazrudins,” and led by Dick Wagner and George Kinder, these advisors were the early practitioners of “life planning”:
If they have their way, financial planning in the future will not only foster a client’s economic well-being, but also will help that client to be more fulfilled, happier, and a better citizen.