Dr. Emily Koochel - How this Fresh Perspective on Financial Psychology Can Transform Your Money Habits

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