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62: The Psychology of Communicating and Delivering Advice with Dr. Derek Tharp

62: The Psychology of Communicating and Delivering Advice with Dr. Derek Tharp

FromThe Human Side of Money


62: The Psychology of Communicating and Delivering Advice with Dr. Derek Tharp

FromThe Human Side of Money

ratings:
Length:
100 minutes
Released:
Oct 13, 2022
Format:
Podcast episode

Description

Your client's decisions are almost always subconsciously driven by invisible influences. Have you ever wondered: Should I wear a suit? (Or what if I wear a hat?) Should CNBC be on in the lobby? Does the way I'm presenting the info influence the client's decision? Should I offer free financial planning in the beginning or charge for it? Whether these things should influence a client's decision-making or not, they do. Fortunately, Derek Tharp has conducted the research for these questions and joined the show to share the psychological insights advisors need to know to improve the communication and delivery of advice. In this episode, we discuss: What are prospective clients subconsciously assessing to determine trust and credibility How your clothes signal different things to different people The "Guardrails" approach that improves confidence and behavior around retirement spending The "Mapquest" vs "GPS" approach in financial planning Why initial planning fees impact the perceived value of ongoing planning   *The featured partner for this episode is Knudge, an automated system to help clients actually follow through on their tasks and reach their financial goals. *For more resources discussed in this episode, check out www.wiredplanning.com/episode62. *For more resources and insights on mastering the human side of advice, go to www.wiredplanning.com. *Follow Brendan for insights on mastering the human side of advice: Twitter LinkedIn
Released:
Oct 13, 2022
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!