Integrating Financial Advising & Financial Therapy

11:00 AM - 12:15 PM
Temecula 2-4

Finances continue to be one of the top stressors affecting the mental health of Americans. Yet, financial advisors face ongoing difficulty achieving financial plan compliance from clients. Acknowledging and addressing the psychological aspects of financial decision-making is imperative to holistic financial advising. The best financial plans are limited by the client’s financial history, cognitions and emotions related to money, personal values, and readiness for change. 

This session will offer insights into effectively integrating the fields of financial advising and financial therapy to bolster clients’ financial well-being. The session will provide a model of this integrated service, including examples and best practices from experience. 

Learning Objectives: 

  1. Understand the importance of exploring and addressing psychological influences on financial well-being, with a focus on cognitions and emotions related to money
  2. Learn psychological strategies for effective behavior change associated with financial advising and planning, to include research-based strategies for goal-setting and habit-forming
  3. Describe an effective model for integrated financial planning and financial therapy, highlighting an overlay of financial therapy into the financial planning process and client-facing interventions for best practice
  4. Understand the limitations of professional financial services and when psychological disorders need to be addressed