In a recent episode of the Standard Deviations podcast titled “The Power of Financial Purpose,” Andy Baxley, Senior Financial Planner at The Planning Center delves into the heart of financial planning, emphasizing that it’s not just about managing money—it’s about aligning finances with a more profound sense of purpose. Andy shares insights from his rich […]
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How Financial Professionals Can Navigate Couples’ Relationship Dynamics
Financial advisors often need to navigate differing opinions, emotions, and relationship dynamics that can complicate the delivery and execution of financial plans. This eMoney article, “How Financial Professionals Can Navigate Couples’ Relationship Dynamics,” provides valuable strategies for recognizing and addressing signs of tension between partners. Identifying Signs of Relational Tension in Couples: Frequent arguments Imbalanced […]
Finding Financial Forgiveness with Trauma of Money Specialist Shannah Game
In a recent episode of the 50 Fires podcast, Carl Richards chats with Shannah Game, a Certified Financial Planner and Trauma of Money Specialist. They connect on their shared passion for discussing money and its multifaceted impacts on our lives. Shannah, host of the podcast ‘Everyone’s Talkin’ Money’, aims to reframe money as a tool […]
Engaging Clients Beyond Retention
In the recent Kitces article, “3 Question Types To Go From (Just) Retained To Highly Engaged And Happier Clients,” Meghaan Lurtz, PH.D., FBS delves into the critical distinction between client retention and client engagement. Maintaining clients isn’t enough—engagement is key. Disengaged clients, who appear content but are passive, might eventually leave for a more proactive […]
Rich or Poor – The Need for Financial Literacy
In a recent episode of the Financial Therapy Podcast: “Rich or Poor – The Need for Financial Literacy,” Rick Kahler, MSFP, CFP ® , CFT-1™, CeFT ® dives deep into the universal necessity of understanding money. This episode brings a thought-provoking discussion on why financial literacy is crucial for everyone, regardless of income level. The episode […]
Unmasking Generational Financial Behavior: FTA Best Paper
A recent study published in the FTA Journal “Unmasking the Phantoms of Generations: A Comparative Study of Financial Responsibility and Stress Across Generational Divides” delves into the intricate relationship between generational divides and financial behaviors amidst the pandemic. Recognized with the “Financial Therapy Association Best Paper Award,” this research sheds light on how various age […]
Do You Need a Financial Therapist?
This article, Do You Need a Financial Therapist, outlines the rising demand for financial therapy services in the wake of the pandemic, shedding light on the emotional challenges tied to money that many individuals face. The piece suggests that financial advisors consider referring clients to financial therapists when traditional financial advice alone may not suffice, […]
Combining Psychology With Technology To Transform Client Outcomes
Delve into the intricate fusion of financial psychology and cutting-edge technology in a recent episode of the Human Side of Money Podcast. In this episode, Combining Psychology With Technology To Transform Client Outcomes, Emily Koochel explores the impact of integrating psychological insights with technological tools. Previous research had told us that personalization is important to […]
Financial Wellness vs. Financial Independence
In this recent episode of the Standard Deviations podcast, Dr. Daniel Crosby explores the concepts of Financial Wellness vs Financial independence. The guest, Dr. Thomas Mathar, shares his insights into these two important aspects of personal finance and how they intersect with overall well-being. Dr. Mathar emphasizes that financial wellness goes beyond mere financial stability […]
The Iceberg Follow-Up Model
In an article titled, “Fact, Situation, Feeling – Using The Iceberg Follow-Up Model To Connect With And Motivate Clients”, Meghann Lurtz, PH.D., FBS, introduces a 3-part approach that helps to uncover what’s most important to the client while also developing and deepening the client-advisor relationship. The stages of the model include: Fact-finding Situational exploration Emotional […]