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26: Financial Therapy Skills 101 For Financial Advisors with Nathan Astle

26: Financial Therapy Skills 101 For Financial Advisors with Nathan Astle

FromThe Human Side of Money


26: Financial Therapy Skills 101 For Financial Advisors with Nathan Astle

FromThe Human Side of Money

ratings:
Length:
48 minutes
Released:
Jun 23, 2021
Format:
Podcast episode

Description

As the value and future of advice continues to shift towards the intersection of technical knowledge and the human side of money, it has coincided with the rise of financial therapy. Financial Therapy is focused on improving how clients think, feel, and behave with money to improve their well-being. Nathan Astle, founder of Relational Money, helps advisors who don't want to be full-fledged financial therapists develop and hone the most critical skills from financial therapy that lead to better connection, and ultimately, better outcomes. In this episode, we discuss: "Financial Flashpoints" - what they are and why they are so critical to changing behavior The "Money Timeline" exercise to help clients uncover their own financial flashpoints Why money issues are rarely about money and the importance of finding the real issue Two simple phrases you can use to facilitate communication and connection How to effectively identify and label someone's emotions   For more information and resources on this episode: www.wiredplanning.com/episode26
Released:
Jun 23, 2021
Format:
Podcast episode

Titles in the series (100)

The Human Side of Money delivers actionable ideas and strategies to equip financial advisors with the skill set they need to master the human side of money. Whether you've been providing financial advice for 40 days or 40 years, it's evident that technology is shifting your value away from simply picking investments and providing financial plans. The future of advice will hinge on your ability to guide clients through the process, unearth their values and emotions around money, and ultimately, change their behavior for the better. Join your host, Brendan Frazier, as he interviews fellow financial advisors, industry consultants, and experts in the fields of behavioral finance, psychology and communication as they share everything you need to know to master the human side of money!