For your clients, investing is clearly more than a mathematical analysis of risk and return. It’s a constant struggle: to tune out irrelevant information and to have the strength to stick to your financial plan.
This guide highlights the 6 common behavioural biases constantly confronting your clients. An understanding of these biases – and how to address them – is crucial in the pursuit desired financial outcomes.
In this report, you will learn:
Why your clients shoot themselves in the foot
Common biases and what to do about them
How Morningstar approaches these biases when managing discretionary portfolios