PFP2501P. Integrating Financial Advising & Financial Therapy: A Model for Optimal Financial Wellness Service Delivery

Acknowledging and addressing the psychological aspects of financial decision-making is imperative to holistic financial advising. Specifically, behavioral change to implement financial plans is difficult; and the best financial plans are limited by the client’s financial history, money scripts, and personal values. Psychologists, who are trained in behavior change, can offer invaluable interventions to support clients’ readiness for and implementation of each step within the financial plan. This presentation will offer insights into effectively integrating the fields of financial advising and financial therapy to bolster clients’ financial well-being. Presenters will provide a model of this integrated service, including examples and best practices from experience.


Learning Objectives:

  • Identify the importance of exploring and addressing psychological influences on financial well-being
  • Identify how financial histories, money scripts, and personal values impact the financial planning process
  • Use psychological strategies for effective behavior change associated with financial advising and planning
  • Apply an effective model for integrated financial planning and financial therapy
Date/Time
–
CPE Credits
1.0
NASBA Field of Study
Finance
Level
Intermediate
Prerequisites
3-5 Years in the Profession
Advanced Preparation
N/A
Speakers
Image of Sade Soares

Sade Soares

PhD Clinical Psychology, Licensed Clinical Psychologist, CFT (Certified Financial Therapist)
COO
Hui Malama Advisors LLC
Image of Abel Soares III

Abel Soares III

CPA/PFS, CFP
CEO
Hui Malama Advisors LLC