The Cost of a Superficial Advisor Client Relationship | Ep.019 скачать в хорошем качестве

The Cost of a Superficial Advisor Client Relationship | Ep.019

Recorded: April 3 2025 Originally published on The Millennial Money Canada Podcast, Rebranded as The Personal CFO Podcast Summary In this episode, Dr. Moira Somers discusses the psychology of money, emphasizing the importance of understanding financial behavior and decision-making. She highlights the role of financial advisors in fostering effective client relationships and the need to overcome procrastination and impulsivity in financial decisions. The conversation explores the significance of building effective financial systems, the emotional aspects of financial choices, and the importance of communication between clients and advisors. Additionally, the episode touches on generational perspectives on wealth, the need for meaning beyond money, and the future of financial advisory in a changing landscape. Topics Covered in this Episode: 00:00 Introduction to Moira Somers 06:02 Transitioning to Financial Psychology 07:45 Understanding Habit Change in Finance 12:51 The Role of Catastrophic Events in Financial Change 14:44 The Importance of Systems in Financial Planning 16:12 The Advisor-Client Partnership 20:46 Encouragement and Client Relationships 24:31 Common Mistakes Advisors Make 30:59 Effective Communication in Financial Advisory 32:30 Organizational Challenges in Financial Management 34:44 The Evolution of Financial Planning 35:41 The Personal Side of Money 39:44 Cognitive Biases and Decision-Making 41:00 The Future of Financial Advisory 42:02 The Illusion of Superiority in Financial Decisions 47:00 Aligning Wealth with Values 54:16 Finding Meaning Beyond Wealth Subscribe to The Personal CFO Newsletter: https://www.mwadvisors.ca/newsletter-... Visit our Website: https://www.mwadvisors.ca/guillaume Connect with me on LinkedIn:   / guillaume-girard-cfa-cfp-08487170   Book a Private Intro Call here: https://mwadvisors.as.me/GuillaumeGir...