Bridging Research and Practice: Life Planning

Amy Mullen, CFP® is Vice President at Money Quotient®, a non-profit focused on education and research. Money Quotient® provides practical ways to consistently bring life planning into financial planning firms. Their research has bettered the lives of many clients and continues to propel the financial planning profession forward.

Amy shares her journey to financial planning and how family ties brought her to financial planning, even though she isn’t a financial planner. Amy walks through the basic process that Money Quotient uses to help create an exceptional experience with clients.

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“The advisors who work with us at Money Quotient® none of them fear robo-advisors… There are multiple parts of the process that are necessary for a human for an individual to raise their level of self awareness.”

 

Sudden Money

EVOKE®

CFP® Certification

UNIVERSITY OF GEORGIA – Financial Therapy

Kansas State University – Financial Therapy Clinic

Money Quotient® Recommended Reading

Shaping the Profession: Growing Together with Academia

This week’s guest is  Dr. Nathan Harness,  the TD Ameritrade Director of Financial Planning at Texas A&M University. I’m excited to talk with Nathan about the past, present and future of financial planning. It is exciting to have an impact on the future of our profession and I hope young professionals continue moving our profession forward towards what it should be.

When we as practitioners partner with academia we can help each other build a stronger profession and ultimately help provide better outcomes for our clients.

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“If students can’t see that this is an opportunity for them then they are never going to be a part of it.”

 

40 Under 40 2016: Nathan Harness – InvestmentNews

Certified Financial Planner Board of Standards, Inc.

Texas Tech University Financial Planning Academy

About Michael E. Kitces

Sudden Money

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​The Financial Planning Association® 

The National Association of Personal Financial Advisors (NAPFA)

Junior Achievement USA

Research Tells a Different Story

Daniel Crosby

We’re excited to welcome Dr. Daniel Crosby, the self described Behavioral finance enthusiast, to YAFPNW. @danielcrosby has a PHD in Psychology and has authored several books on psychology and investing. His latest, The Laws of Wealth: Psychology and the secret to investing success, is winning awards and well worth a read.

If you’ve wondered how you can best help your clients… or how you can best articulate your value to them.. You’re going to love this interview.

“Most people are programmed to be overconfident. And the ones that aren’t are depressed.”

Influence: The Psychology of Persuasion by Robert B. Cialdini 

 

The Importance of Research

Dr. Dave YeskeI am excited to have Dr. Dave Yeske on today’s podcast! Dave is the current Practioner Editor of the Journal of Financial Planning, past President of the national Financial Planning Association and runs Yeske Buie, a financial planning firm that is a national leader for best practices. To say his resume is impressive is an understatement!

Today Dave shares the importance of research for financial advisors. We discuss the research he did on Policy-Based Financial Planning, which has been implemented by many firms as well as how financial planners, especially young planners, can incorporate research into their firms.

If we want to truly move forward as a profession, we have to be engaged with the research and let that help guide our work with clients.

I hope you enjoy this episode!

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If we can take some researched based approaches to helping  our clients affect healthy changes in their lives and in their financial lives… why would we not want to be using the most powerful tools for that.

 

Nudge
Policy-Based Financial Planning in the Journal of Financial Planning
Transtheoretical Model (or Stages of Change) – Health Behavior Change
Golden Gate University
The Financial Wisdom of Ebenezer Scrooge by Rick Kahler
Money Quotient 
The Journal of Financial Planning (archive)
Academy of Financial Services (AFS) – The Journal of Individual Financial Management
The Evidence Based Financial Planning by Dave Yeske and Elissa Buie
Evaluating Research Course
Dimensional Fund Advisors