New Issue of Investments & Wealth Monitor Focuses on Behavioral Finance and the Mind of the Client

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Behavioral finance can help advisors understand and overcome biases that negatively impact their client’s decision-making

"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.

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:

Additional information is available at, or contact Greta Gloven, director of communications, ggloven(at) or 303-850-3079.

About IMCA
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.

IMCA® and Investment Management Consultants Association® are registered trademarks of Investment Management Consultants Association Inc. CIMA®, Certified Investment Management Analyst®, CIMC®, CPWA®, and Certified Private Wealth Advisor® are registered certification marks of Investment Management Consultants Association Inc. Investment Management Consultants Association Inc. does not discriminate in educational opportunities or any other characteristic protected by law.

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