"Behavioral finance is about understanding and overcoming biases that affect human decision-making, because often an emotional decision today may work against long-term success," writes David Khoulish, chair, Investments & Wealth Monitor Editorial Board.
Denver, CO (PRWEB) July 14, 2017
The May/June issue of Investment Management Consultants Association® (IMCA®) Investments & Wealth Monitor spotlights the burgeoning field of behavioral finance. Gain knowledge into the psychology of decision-making with articles from some of the leading thought leaders in the field of behavioral economics. Understanding that everyone is subject to the forces of behavioral finance and how to work with those forces to clients’ advantage can greatly enhance the advisor-client relationship.
“This relatively new, evolving field uses research in psychology to explain why we, as investors, act in ways that may seem irrational,” writes David Koulish, CPWA®, CFP®, and chairman of the Investments & Wealth Monitor Editorial Advisory Board (editor’s note, May/June 2017 issue). “Behavioral finance is about understanding and overcoming biases that affect human decision-making, because often an emotional decision today, although comfortable, may work against long-term success.”
Feature articles and authors include:
- The Advisor’s Dilemma: The Complicated Art of Making Things Simple, Sarah Newcomb, Ph.D., and Samantha Lamas
- Behavioral Coaching: Helping Investors Run Their Best Race, Zar Toolan
- Behavioral Finance: Finance for Normal People, Meir Statman, Ph.D.
- Blind Spot: Expectations, Emotions, and Investor Behavior, David Goodsell
- The Elegance of Indexing, Anthony B. Davidow, CIMA®
- Making Group Decisions the Behavioral Finance Way, Michael Liersch, Ph.D., and Anil Suri
- Market Indexes as Benchmarks: The Good, the Bad, and the Ugly, Jeremy Wadsworth
- Practical Advice: Managing the Client’s Experience of Hope, Ken Haman
- Q&A with Andrew Lo, PhD: Why Indexes Need to Enter the 21st Century
- Risk Tolerance and Behavioral Finance, Michael M. Pompian, CFA®, CAIA®, CFP®
- What Is an Index? by Andrew Lo, reviewed by James E. McWhinney
- Payoff: The Hidden Logic That Shapes Our Motivations by Dan Ariely, reviewed by Mark Harbour, CPA, CIMA®, CFA®
Additional information is available at http://www.imca.org, or contact Greta Gloven, director of communications, ggloven(at)imca.org or 303-850-3079.
Established in 1985, IMCA is a nonprofit professional association and credentialing organization serving individual members and certificants in 37 countries around the world. IMCA members collectively manage more than $3 trillion, providing investment consulting and wealth management services to individual and institutional clients. Since 1988, IMCA has offered the Certified Investment Management Analyst® (CIMA®), which meets international accreditation standards (ANSI/ISO 17024) for personnel certification. The CIMA certification consistently distinguishes those who meet a global standard of competency and skills in investment management from those who do not. IMCA’s Certified Private Wealth Advisor® (CPWA®) certification is suited for wealth management professionals working with high-net-worth clients. In 2016, IMCA’s educational programs hosted more than 6,000 professionals.
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