To avoid risk-taking bias and the anchoring effect, financial planners can assist clients by assessing their level of risk tolerance and their emotional reactions to perceived risk across a wide variety of securities or investments.

Authors

• Person: Not available Organization: Financial Planning Association
  Understanding Behavioral Aspects of Financial Planning and Investing

Sources

• Understanding Behavioral Aspects of Financial Planning and Investing www.financialplanningassociation.org Financial Planning Association via serper

Referenced by nodes (3)

• risk tolerance concept
• financial planner concept
• anchoring bias concept