Lifecycle Financial Planning - Behavioral Biases (SIM)
WEBINAR: 1.0 NASBA Credits (Finance) • Upcoming sessions January 18, February 15 and March 14 • 12pm-1pm ET
If you have been a practitioner for any length of time, you know that there is often a difference between what clients should do and what they actually do. Have you ever wondered why that is? In this course, we will explore how we make decisions with less-than-perfect information. Through real-life examples and case studies, we will examine common behavioral biases and how to deal with them.
Recall the difference between the rational economic person concept and behavioral economics
Recognize how common information processing and emotional biases affect client financial decisions
Identify how standard of living risk affects a practitioner’s methods in dealing with behavioral biases
Level: Overview
Field of Study: Finance (NASBA); Portfolio development and analysis (CFP)
Who Should Attend: CPAs and financial advisors who want to know more about basic behavioral finance biases exhibited by investors
Required Knowledge: Basic understanding of client financial needs
Advanced Prep: None