CFED Innovation of Behavioral Economics

| | Comments (0) | TrackBacks (0)

By: Jack Taggerty
September 2, 2010

An important event has happened at the 2010 Assets Learning Conference, the question has been asked as to why people act against their own best financial interests. Critical work is being carried out in applying behavioral sciences to encourage less advantage and lower middle income people to build assets. It is only a short journey to ask the question as to whether the process mapping of financial services providers aligns with the goal of encouraging people to build assets.

Around the world financial planners and other financial service providers are participating in professional development training that is looking at similar subjects such as:

-the need to move to Lifestyle Planning as well as Financial Planning.
-revisiting portfolio construction to better manage investment risk
-changes in investor behavior post the Global Financial Crisis
-what is Fiduciary duty and what is its impact
-whether insurance risk management products shouldn't be opt out standards for public offer retirement savings products

There is an opportunity here for CFED to help change the process of providing services to clients so that they can better understand the importance of building assets. This is not only in the United States, but throughout the world.

Jack Taggerty

0 TrackBacks

Listed below are links to blogs that reference this entry: CFED Innovation of Behavioral Economics.

TrackBack URL for this entry:

Leave a comment

About this Entry

This page contains a single entry by CFED published on September 2, 2010 3:38 PM.

EARN Partners with the San Francisco Redevelopment Agency to Open Matched Savings Accounts for First-Time Homeowners was the previous entry in this blog.

Rebuilding the American dream; Tax breaks should spur savings, not debt is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.