We are constantly making assumptions – they help us navigate our daily lives – but they are not particularly useful when it comes to financial decision-making.
Financial advisers can help their clients recognise their behavioural biases in order to achieve the best possible outcome when it comes to their finances.
This is a skill that can set an adviser apart – though to be clear, it is not a case of soft versus technical skills, the technical skills are a must-have that clients take for granted.
In this CPD podcast, which is the first instalment of our "Advanced thinking in business leadership" series, we look at how advisers can tackle behavioural biases in clients and in themselves.
We are joined by Mark Pittaccio, business consultant and behavioural economist at Quilter Financial Planning, and Ollie Saiman, co-founder of advice business Six Degrees, who share their ideas around behavioural biases and how to challenge them.
This podcast qualifies for 30 minutes of CPD. To bank your CPD, answer the six questions below.
Carmen Reichman is multi-media editor at FT Adviser
