Financial planners should communicate the necessity of long-term diversification strategies to clients to help them achieve adequate risk reduction and expected returns, thereby overcoming sub-optimal portfolio performance caused by local and home bias.

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)

• home bias concept
• financial planner concept
• diversification concept