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Advisors rely on behavioral finance to calm investor nerves


According to Investment News, some financial advisors rely on behavioral finance to calm investor nerves.

It may seem like incorporating psychology and psychotherapy into a financial planning practice, but advisors can stop investors from making emotional decisions, it may be good for both parties in the long-term.

Investment News article alludes to the four “R”s: recognize, reflect, reframe and respond.

 


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2018-07-30T06:46:36+00:00